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Sustainability
True sustainability calls for an outlook as well as an approach that is multi-dimensional and multi-focussed. In the present times many companies have realised that they are responsible for and are an integral part of the economic-environmental-social structure - they have both an opportunity as also an obligation not only to create value for the shareholders, but also safeguard the planet and benefit the people at large.
The 3 dimensions of Sustainability Economic, Environmental and Social, under which the performance of a business entity is measured, have been woven into the day-to-day working of SBL.
Economic Dimension
The economic dimension of sustainability concerns the impact of a company on the economic conditions of its stakeholders and on economic systems at local, national and global levels.
Environmental Dimension
The environmental dimension of sustainability concerns the impact of a company on living and non-living natural systems, including land, air, water and ecosystems.
Social Dimension
The social dimension of sustainability concerns the impact of a company on the social systems within which it operates.
The social dimension comprises 4 sub-dimensions:
- Labor Practice
- Human Rights
- Local communities and Society
- Product responsibility