Which principle emphasizes the integration of social, economic, and environmental factors for sustainable development?

The principle that emphasizes the integration of social, economic, and environmental factors for sustainable development is the concept of the triple bottom line. This framework advocates for measuring a company’s commitment to sustainability not just by its financial performance, but also by its social and environmental impact. By considering these three interconnected dimensions—often referred to as "people, planet, and profit"—the triple bottom line approach encourages organizations and decision-makers to balance economic growth with the need for social equity and environmental protection.

This holistic framework is essential for achieving sustainable development because it recognizes that long-term success and viability depend on the health of the society and ecosystems in which businesses operate. The principle challenges the narrow focus on financial profits and promotes a more comprehensive understanding of success that includes contributing positively to both society and the environment.

The other concepts mentioned, such as circular economy and stewardship, focus on specific aspects of sustainability, but they do not fundamentally address the integration of these three critical areas as comprehensively as the triple bottom line does. Life cycle assessment, while important for evaluating the environmental impacts of a product throughout its life, does not encompass the broader social and economic factors essential for sustainable development.