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What is Sustainability?

Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Sustainability encompasses three main pillars: environmental, social, and economic sustainability, often referred to as the triple bottom line.

For supply chain traceability companies, promoting sustainability involves ensuring that materials and products are sourced, produced, and delivered in a way that minimises environmental damage, respects human rights, and offers economic benefits to all stakeholders involved.

By focusing on sustainability, companies can reduce their environmental footprint, foster social goodwill, and achieve long-term economic viability, thereby contributing to a more sustainable future.

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Related terms

Sustainability

Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.

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Immutability

Immutability refers to the characteristic of data or records that cannot be altered or deleted after being recorded. This principle is a cornerstone in the realm of digital transactions, underpinning the reliability and security of data management systems.

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Identities refer to the unique representation of individuals, organisations, devices, or software within a network or system. Digital identities can include a wide range of information, such as usernames, digital certificates, and cryptographic keys, used to authenticate and authorise entities in digital transactions and interactions.

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