How is 'sustainable development' most accurately defined?

Study for the CFA Sustainable Investing Certificate. Use flashcards and multiple-choice questions; each question provides hints and explanations. Prepare effectively for your exam!

Sustainable development is most accurately defined as meeting current needs without compromising the ability of future generations to meet their own needs. This definition embodies the essence of sustainability, which seeks to balance economic growth, environmental protection, and social equity. It emphasizes long-term planning and responsible resource management to ensure that today's actions do not deplete resources or create conditions that would hinder future generations from maintaining their quality of life.

This approach encompasses a holistic view of development that integrates environmental integrity, economic viability, and social inclusion, thereby fostering a sustainable future for both current and future populations. The focus on intergenerational equity is a cornerstone of sustainable development, distinguishing it from other perspectives that may prioritize immediate gains without consideration for long-term impacts.

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