3 Pillars of Sustainability

In this Three Pillars of Sustainability video, we will try to understand with an example:

0:00 Introduction
0:34 Example of Pot maker Bhargav's Business
5:21 UNGA-2005, World Summit Outcome
8:31 Triple Bottom Line

We now know that there are 3 pillars on which the concept of sustainability is rested, i.e., Social, environmental and economic. Let us see Are these mutually exclusive and inter-dependent on each other?

But are these three mutually exclusive? NO. They are all equally important and essential on their own.
Let’s understand this with one example,

Suppose there is one hard working talented potter named Bhargav, who makes earthen clay pots. Having come from poor means, he makes and sales the earthen pots, and on that income his livelihood is based.

For one pot, he requires cost of Rs. 200/- let’s say, for clay, water, baking, storage, etc.
But he is not getting good returns on them, His Selling Price is Rs. 210/-. Only Rs. 10/- in one pot,

Do you think this business of pot making will provide him livelihood option for a long time?

Damage to economic element, will reflect in social and environmental elements as well. And the same is true for social and environmental elements as well.

Triple Bottom Line

In 1994, author and Sustainability expert, John Elkington, coined the term Triple Bottom LINE / also called TBL/ 3BL.
TBL looks at above three essential elements: 3Ps -People, Planet & Profit
People- representing social element - it’s about socially responsible operation.
Planet- representing Ecological element- it’s about environmental conservation & preservation
Profit- representing Economic element – it’s about company’s profit & loss.

#sustainability #triplebottomline #3pillarsofsustainability

Learn the basics of Sustainability with me through the course on Udemy: ‘Learn the Basics of Sustainability in Simple Language’
Join through link: https://www.udemy.com/course/learn-th...

Social Media Links:
1. YouTube:    / @sustainabilitysimplyput  
2. Facebook-   / letsmakesustainabilitysimple  
3. WhatsApp Community: https://chat.whatsapp.com/ExtSJ0cvodb...
4. Telegram Channel: https://t.me/Sustainability_SimplyPut

Please consider helping this mission by sharing amongst friends. Do subscribe to get connected and never miss any new video in future.
Subscribe at:    / @sustainabilitysimplyput  

Thanks !! Lets create a Sustainable World.

Reference and Source:
1. 60/1. 2005 World Summit Outcome, Resolution adopted by the General Assembly on 16 September 2005
2. HBR article: 25 Years Ago I Coined the Phrase “Triple Bottom Line.” Here’s Why It’s Time to Rethink It by John Elkington
https://hbr.org/2018/06/25-years-ago-...
3. Potters wheel -Image by JamesDeMers from Pixabay
4. Ceramic pot- Image by pamelasichel from Pixabay
5. Cut tree- Image by Pixaline from Pixabay
6. Tree heap- Image by Albrecht Fietz from Pixabay
7. Rupee- Image by Prasanta Sahoo from Pixabay