<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of this article to provide a theoretical framework on the concepts of Sustainable Development and the process that companies need to follow in order to ensure the future sustainability of business operations. Various secondary sources and previous literature was reviewed to clearly identify why companies are finding it difficult to conduct their business operations in a sustainable manner. Stricter legislation and regulations, increased competition, depletion of natural resources and market pressures have placed organisations under increased pressure to improve environmental performance and achieve eco-efficiency. This paper provides comprehensive overview of how companies can achieve the ‘Triple bottom line’ by committing to continuous improvement and adhering to the regulations stipulated according to the International Standards of Organisations (ISO14001).</p></abstract>

The aim of this article to provide a theoretical framework on the concepts of Sustainable Development and the process that companies need to follow in order to ensure the future sustainability of business operations. Various secondary sources and previous literature was reviewed to clearly identify why companies are finding it difficult to conduct their business operations in a sustainable manner. Stricter legislation and regulations, increased competition, depletion of natural resources and market pressures have placed organisations under increased pressure to improve environmental performance and achieve eco-efficiency. This paper provides comprehensive overview of how companies can achieve the ‘Triple bottom line’ by committing to continuous improvement and adhering to the regulations stipulated according to the International Standards of Organisations (ISO14001).

Staircase To Sustainable Development

Durban University of Technology, Department of Financial Accounting, Durban, South Africa

Foundations of Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Staircase To Sustainable Development"}

The aim of this article to provide a theoretical framework on the concepts of Sustainable Development and the process that companies need to follow in order to...

Staircase To Sustainable Development

Published Online: Jan 06, 2016

Page range: 53 - 70

DOI: https://doi.org/10.1515/fman-2015-0025

Keywords
sustainable development, strict waste legislation, eco-efficiency, ISO14001, environmental performance, triple bottom line

© 2015 Faculty of Management, Warsaw University of Technology

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Staircase To Sustainable Development

Published Online: Jan 06, 2016

Page range: 53 - 70

DOI: https://doi.org/10.1515/fman-2015-0025

Keywordssustainable development, strict waste legislation, eco-efficiency, ISO14001, environmental performance, triple bottom line

© 2015 Faculty of Management, Warsaw University of Technology

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
sustainable development, strict waste legislation, eco-efficiency, ISO14001, environmental performance, triple bottom line