Sustainability describes the ability to conserve and protect natural resources and environmental conditions over the long term to meet the needs of the present generation without compromising the ability of future generations to meet their own needs. It is therefore a question of finding a balance between ecological, social and economic aspects in order to secure a future worth living for everyone. Sustainability can also bring economic benefits, for example by using resources more efficiently and opening up new areas of business.
Did you know that the word “sustainability” has its roots in Saxony? It was first used by Hans Carl von Carlowitz, who used this term in the early 18th century as head of the Oberbergamt in Freiberg to describe that only as much wood should be cut in the forest as would grow back. “Sustainability” is now at the forefront of many companies’ actions. With the Corporate Sustainability Reporting Directive (CSRD) becoming mandatory for all EU member states from December 2022, reporting will not only become mandatory for larger companies, but also for their suppliers.