Final answer:
The three pillars of sustainability are economic, social, and environmental factors that need to be considered to achieve sustainable development in business. Option B is correct.
Step-by-step explanation:
The correct answer is B. Economic, Social, Environmental. The three pillars of sustainability, also known as the triple bottom line, are economic, social, and environmental factors. These pillars represent the three dimensions of sustainability, emphasizing the need to consider not only profit but also the welfare of people and the health of the planet.
Economic sustainability focuses on the financial aspect of business operations, ensuring profitability and long-term economic growth. Social sustainability refers to the impacts and responsibilities a company has towards its employees, customers, communities, and society as a whole. Environmental sustainability addresses the conservation and protection of natural resources, reducing waste and pollution, and promoting sustainable practices.
For example, a sustainable business would not only seek financial success (economic pillar) but also prioritize fair labor practices, diversity and inclusion, and community engagement (social pillar), while minimizing its ecological footprint by using renewable energy, reducing emissions, and implementing waste reduction strategies (environmental pillar).