Sustainable development has three key dimensions - environmental, social, and economic. The socio-economic dimension of sustainable development refers to the impact of development on the well-being of people and communities. It aims to balance economic development and social progress while ensuring environmental protection. This dimension of sustainable development encompasses various issues such as poverty alleviation, access to education, health care, and basic services, reducing inequalities, promoting gender equality, decent work, and economic growth. The goal is to create a more inclusive, equitable, and prosperous society and ensure that development benefits everyone while minimising negative impacts on the environment.
2. What are the three foundations of sustainability?
The three sustainability foundations are often called the "Three Pillars of Sustainability". They include economic, social, and environmental sustainability. Economic sustainability creates long-term value by balancing economic growth with social and ecological well-being. This involves promoting sustainable business practices that ensure the efficient use of resources and reduce waste. Social sustainability refers to the ability of a society to function well, meet the needs of its members, and promote equality and social justice. This includes providing access to education, healthcare, and basic human rights. Environmental sustainability involves:
• Protecting natural resources.
• Reducing pollution and waste.
• Mitigating the negative impacts of human activities on the planet.
3. What is the role of volunteering in Sustainable Development?
Volunteering plays a significant role in sustainable development as it allows individuals to actively participate in initiatives that promote social, economic, and environmental sustainability. Volunteers can contribute their time, skills, and resources towards activities such as tree planting, waste reduction, community development, and education. Through volunteering, individuals can gain awareness and understanding of the issues that affect sustainable growth and develop a sense of responsibility towards the environment and their community. Moreover, volunteering can promote social cohesion and improve the quality of life for individuals and communities, which is a key aspect of sustainable development. Volunteering is a valuable tool for achieving sustainable development goals and creating a more equitable and sustainable future.
4. How does Schneider Electric Foundation for sustainable development focus on bridging progress and sustainability?
Schneider Electric Foundation for sustainable development aims to deploy sustainability impact initiatives and UN Sustainable Development Goals (SDGs) to enable and empower individuals and communities to attain Environmental, Social, and Governance (ESG) leadership, improved quality of life, and an inclusive work environment. As the world’s most sustainable and inclusive Impact company, Schneider Electric is committed to sustainable business development and corporate citizenship goals by bridging progress and sustainability through equitable quality education and training for all. Discover Schneider Electric Foundation Commitments that contribute to the SDGs through long-term vocational training and volunteering efforts worldwide, protecting vulnerable and exposed populations, helping them kickstart the education system and professional training for the disadvantaged youth. Discover our VolunteerIn platform that mobilises active volunteering and participation in civic engagement, strengthening social inclusion and deepening solidarity with initiatives taken up by local partners’ networks. Our Foundation for sustainable development supports local partners’ initiatives towards training and entrepreneurship in the electricity sector to derive economic and social development through access to energy and promote a fair society to encourage future generations. Explore Schneider Electric Foundation created Tomorrow Rising emergency relief campaigns to raise funds for disaster and pandemic relief, energy restoration, and empowerment of the local communities. Schneider Electric Foundation for sustainable development offers training and entrepreneurship programme for people to acquire skills, find work or become entrepreneurs in the energy sector. It also provides financial support to change the lives and the direction of communities worldwide, contributing to the development of new energy solutions that are safe, reliable, and sustainable.