Economic Sustaiability
Economic sustainability can be described as control of actions by the present generation that will not diminish the prospects of future generations to enjoy levels of consumption, wealth and utility comparable to those enjoyed by the current generation.
Whether continuation of such levels is viable is intrinsically linked to the balance between economic growth and environmental damage at local, national and international levels. In respect of businesses it relates to the economic viability of a product related to the environmental damage of developing that product.
LHC recognises that its framework arrangements can support Public Sector clients’ economic sustainability policies by encouraging its appointed companies to develop ‘Value for Money’ solutions that address, where applicable, life cycle analysis, cost in use analysis, whole life cost analysis and the proactive development of innovative solutions that have reduced impacts on the world.
Economic sustainability can be described as control of actions by the present generation that will not diminish the prospects of future generations to enjoy levels of consumption, wealth and utility comparable to those enjoyed by the current generation.
Whether continuation of such levels is viable is intrinsically linked to the balance between economic growth and environmental damage at local, national and international levels.
In respect of businesses it relates to the economic viability of a product related to the environmental damage of developing that product.
LHC recognises that its framework arrangements can support Public Sector users’ economic sustainability policies by encouraging its appointed companies to develop ‘Value for Money’ solutions that address, where applicable, life cycle analysis, cost in use analysis, whole life cost analysis and the proactive development of innovative solutions that have reduced impacts on the world.