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Risk management and sustainability : Development of an extended model for assessment of investments in fire protection measures
Zetterlund, Robin
Lunds tekniska högskola (LTH)
As the world is developing, social and environmental impacts are becoming increasingly significant. The world population is growing inexorably, and along with it the consumption of food and fresh water. Industrialisation and technological progress has made the world a place where our way of living is starting to leave significant scars. People are becoming ever more aware of the damages that industrialisation and climate change can cause to our planet. Due to the rising awareness of how industrial activities could lead to environmental impacts, the notion of sustainability was born. In 1987 the World Commission on Environment and Development presented an ethical definition of sustainable development which stated that Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This definition of sustainable development indicated that there was more to development than just economic progress. Today sustainability is interpreted as comprising the three dimensions economic (1), environmental (2), and social (3) sustainability, which are commonly known as the three pillars of sustainable development.