What is meant by development that meets the needs of the present without compromising the ability of future generations to meet their own needs?

The concept described by the phrase "development that meets the needs of the present without compromising the ability of future generations to meet their own needs" aligns with the definition of sustainability. This principle emphasizes the balanced integration of environmental health, economic prosperity, and social equity to support not just current populations but also those in the future.

Sustainability encompasses a holistic approach aimed at reducing negative impacts on the environment while promoting long-term viability and resilience in various systems. It is implemented through strategies and practices that ensure resources are used responsibly and remain available for future generations. The focus is not only on immediate benefits but also on creating lasting value and a healthy planet for those who will come after us.

The other terms mentioned, such as sustainability reporting, sustainability development, and sustainability performance, serve different functions within the broader context of sustainability. Sustainability reporting refers to the practice of communicating an organization's economic, environmental, and social impacts. Sustainability development is often incorrectly used in this context, leading to confusion; the correct term is simply "sustainable development," which is a more specific application of sustainability principles. Sustainability performance relates to how well an organization or entity achieves its sustainability goals but does not capture the broader definition of meeting present and future needs.