The nexus between social and environmental sustainability refers to the alignment or misalignment between social and environmental policies, the ways in which different social groups use resources and cause or are harmed by environmental degradation, and the extent to which they have access to environmental goods like clean air and water. In ensuring that natural resources do not run out and are available to all, we need to pay attention to how to preserve these resources while achieving economic progress. A ‘growth at all costs’ path makes it difficult to achieve social and environmental justice, wherein there is a fair and equitable distribution of resources, benefits and burdens.
The Nexus of Social and Environmental Sustainability topic is
Lesego Rammusi, Head of Environmental and Social Sustainability at Absa Group, says financial institutions must make firm commitments to bring about a sustainable future, including making inclusive growth a reality and taking active steps to reverse damaging climate-change impact.
The call to make a sustainable & equitable world is either a challenge or the biggest opportunity of our time. Watch more in this video from Absa.
Initiatives related to the environment were supported by 17% of companies, with an average CSI spend of 4% in 2021.
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