There must be an appropriate balance between people, planet and profit for a business to thrive and be truly sustainable, says Louise Hosking.
The United Nations (UN) published definition of sustainability is: Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
To understand ‘human capital’ we first need to consider this definition and look beyond the environment when we use the term. In its simplest terms this is about: ‘People, Planet, Profit.’
There must be balance in all three for business to thrive and be truly sustainable. Whilst we like to believe health and safety is ‘our top priority’, the reality is it must be a priority value in harmony with these other aspects.
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