At its June 2007 meeting, the International Labour Conference (ILC) endorsed the concept of "sustainable enterprises" as a principal source of growth, wealth creation, employment, and decent work.(1)
Sustainable enterprises represent the integration of the three components of sustainable development - economic, social, and environmental - as interdependent and mutually reinforcing pillars. Within the ILO, the promotion of sustainable enterprises is a major tool for achieving decent work, sustainable development, and innovation that improves standards of living and social conditions.(2)
The ILO suggests that an environment which is conducive to the creation and growth, or the transformation of, enterprises on a sustainable basis, combines the quest for profit with the need for development that respects human dignity, environmental sustainability, and decent work.This comprises a large array of interconnected and mutually reinforcing conditions. See List on next page.