The world commission on environment defines sustainable development as development that meets the needs of the present generation without compromising on the ability of future generations to survive. (OECD, 1987)
Sustainable development emphasizes on the importance of quality of life and ensures that the decisions made by individuals and corporations today, take into consideration the social, economic and environmental issues without negatively impacting on the future generations’ ability to sustains itself. It’s thus built on these three major pillars that must be taken into consideration when developing a long term plan to meet the goals and objectives of sustainable development (Environment: Canada, 2002).
