Define 'sustainable development' as understood in GRI context.

In the context of the Global Reporting Initiative (GRI), sustainable development is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This definition emphasizes the necessity for a balanced approach that accommodates economic growth, social inclusion, and environmental protection. By considering the needs of both current and future populations, this concept urges organizations to adopt practices that ensure long-term viability and resource management, aligning with the GRI's goal of promoting transparency and sustainability in reporting on economic, environmental, and social impacts.

The definition also reflects the interconnectedness of various sustainability dimensions—economic, social, and environmental—highlighting the importance of taking a holistic view rather than focusing solely on short-term gains. This perspective is crucial for organizations working to create a sustainable future, ensuring that their actions today do not hinder the prospects of future generations to thrive.