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Sustainability

Environmental and Economic Sustainability: what it is, how it works, benefits and practical examples 

Find out how economic sustainability and the environment are interlinked and learn about SIMPAR's practices for sustainable development.

São Paulo, August 2024.

Environmental sustainability is an essential concept for guaranteeing the preservation of the environment and promoting sustainable development that meets the needs of future generations. Sustainability involves practices that preserve natural resources, reduce negative environmental impacts and encourage the use of renewable energies. Shall we explore more about what environmental sustainability is and the relationship between the environment and economic sustainability? 

What is Environmental Sustainability?

Environmental sustainability refers to the balanced and responsible use of natural resources to guarantee their future availability. It involves practices aimed at minimizing air, soil and water pollution, promoting sustainable development. Sustainability is not just about conservation, but also about creating an environment in which human beings can coexist harmoniously with nature. 

To achieve environmental sustainability, it is crucial to implement measures that reduce greenhouse gas (GHG) emissions, promote the recycling and reuse of materials, and encourage the conservation of biodiversity. Environmental education plays a vital role in this process, making people aware of the importance of protecting the environment and adopting sustainable practices in their daily lives. Environmental management is also essential for continuously monitoring and improving sustainability practices in organizations. 

Environment and Economic Sustainability

The relationship between the environment and economic sustainability is profound and interdependent. Economic sustainability involves the efficient use of natural resources in order to promote sustainable development that benefits both the economy and the environment. Adopting sustainable practices can result in cost savings, increased efficiency and the creation of new business opportunities. 

Companies that adopt environmental sustainability practices often see their reputation improve, attract investors and customers who are concerned about the environment, and are better able to adapt to environmental regulations. Effective environmental management enables companies to comply with these regulations, promoting sustainable innovation. Environmental education in companies also helps to form a corporate culture that values and implements sustainable practices, contributing to sustainable economic development. 

Sustainability is not only an environmental responsibility, but also a competitive advantage. The transition to renewable energies, for example, can reduce CO2 emissions and lower energy production costs in the long term, contributing to economic sustainability. Sustainability is a tripod that includes environmental preservation, social justice and economic viability, all interconnected to ensure sustainable development. 

Sustainable Development: SIMPAR examples

SIMPAR directs and coordinates actions to minimize the environmental impacts of its subsidiaries. The Group studies, analyzes and monitors legislation related to climate and environmental issues, as well as participating in forums, committees and working groups, such as the Global Compact. In addition, the M&A area carries out legal due diligence related to environmental issues during the verification process of acquired companies and, if necessary, carries out environmental assessment reports. 

Sustainable daily life at SIMPAR

SIMPAR seeks to anticipate changes by studying alternative technologies, such as:  

  • Fleet renewal, acquiring vehicles with a low average age and the latest technologies, including electric and biofuel-powered vehicles; 
  • Promotion of renewable energy consumption; 
  • Lower impact waste disposal options.  

In its operations, environmental management and environmental education is carried out with the support of the HSE (Safety, Health and Environment) teams of the subsidiaries, which are responsible for preparing and monitoring the Environmental Aspects and Impacts Surveys (Laias) and carrying out operational procedures with relevant impacts for control and mitigation. 

SIMPAR: sustainable present, guaranteed future 

Biodiversity conservation and preservation actions are a priority, with monitoring and control programs, as well as the promotion of environmental education, implemented in various controlled areas to minimize and compensate for possible alterations to natural environments. 

SIMPAR also focuses on energy efficiency, diversifying its energy matrix with projects to install solar energy generation systems. Subsidiaries such as Movida and VAMOS have invested in photovoltaic generation and other forms of renewable energy, contributing to economic sustainability and reducing CO2 emissions. 

Conclusion

SIMPAR's stance is a clear example of how environmental and economic sustainability can be applied in practice. By integrating environmental management and environmental education into its operations, SIMPAR demonstrates that it is possible to be economically viable and environmentally responsible.  

By adopting sustainability practices, everyone wins: companies reduce costs and improve their reputation, society enjoys a healthier and more balanced environment, and the environment is preserved for future generations. Environmental sustainability is therefore an essential strategy for sustainable and prosperous development and therefore an essential part of the way SIMPAR and its subsidiaries do business.