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●  based on the World Commission on Environment and Development (1987, p. 16),


                    ●  based on three pillars (economic, environmental and social),
                    ●  based on capital assets (human, social, natural, productive and financial).

                 The term sustainable development has its roots in the 18th century in Europe, primarily in the field

                 of  forestry  and  agriculture  (Wiersum,  1995).  However,  it  only  made  its  way  into  the  broader
                 consciousness of society in the second half of the 20th century. As was stated above, the concept
                 of  sustainable  development  began  to  emerge  in  the  1970s,  as  environmental  scientists  and
                 economists called for limitations on growth (e.g. Meadows, 1972) and the stabilization of the state
                 of the economy (e.g. Daly, 1973).

                 In 1972, the UN Conference on the Human Environment (or the Stockholm Conference), which
                 adopted the declaration acknowledging humanity’s right to a healthy environment, gave rise to the
                 UN Environment Programme (Moldan, 2007).

                 Furthermore, in 1987 the Our Shared Future report (or Brundtland Report), created by the World
                 Commission on Environment, was adopted (World Commission on Environment and Development,
                 1987).
                 In Rio de Janeiro in 1992 at the UN conference on environment and development, the Declaration
                 on  Environment,  which  elaborates  on  the  principles  of  sustainable  development,  was  adopted

                 (United Nations, 1992). The UN approved the Agenda 21 document, which defines particular steps
                 for the implementation of sustainable development at a local and regional level in various areas.
                 The local Agenda 21 can be seen as an “action plan for sustainable development” (Ministry of the
                 Environment, 2022).

                 Furthermore, at the Millennium Summit in New York in 2000, the Millennium Development Goals
                 (or MDGs) were also adopted.
                 And, in 2012, the plan to create and subsequently integrate global Sustainable Development Goals
                 (SDGs) was adopted in The Future We Want declaration in 2012.

                 SDGs  are  encompassed  in  the  document  entitled  “Transforming  Our  World:  Agenda  for
                 Sustainable Development 2030”, which was accepted at the UN Summit in 2015. This involves the
                 17  goals  depicted  in  Figure  1.  These  goals  are  seen  as  crucial  for  the  future  direction  of

                 sustainability. All UN member states and representatives of civic society, the business sphere,
                 academic community and citizens of all continents took part in creating these goals (United Nations,
                 2020). The goals represent an urgent call to action by all developed and developing countries in a
                 global partnership (United Nations, 2019).










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