Definition 1
Sustainable means conducting [activities, processes or developments] in a manner that meets the needs of the present without compromising the ability of future generations to meet their own needs. [This includes [option to insert specific examples, such as the conservation of finite resources]].
Drafting notes and guidance
The concept of sustainable development was described by the 1987 Brundtland Commission Report as ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs’. The definition above considers sustainability more broadly, but provides optionality allowing it to be tailored to specific developments or activities.
While the terms ‘sustainable’ and ‘sustainability’ are used in many agreements (including TCLP clauses), they are rarely defined in a commercial setting. This glossary term proposes a benchmark definition that can then be tweaked to suit each specific contract.