Growing Focus On Competition And Sustainability

International Focus on Sustainability

Sustainability has taken centre stage globally and has featured as a discussion point at OECD Competition Committee panels in 2020 and the 2021 OECD Competition Open Day.

The commonly agreed definition of "sustainability" is set out in a report from the World Commission on Environment and Development, which defines it as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs". While there may be as many approaches as there are resources used for development, the main concern has been that of environmental sustainability in light of growing concern over the effects of climate change.