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Sustainability goes hand in hand with ethics

Business World Philippines

|

October 03, 2025

Sustainability is more than a buzzword. The United Nations defines it as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”

- FLOR G. TARRIELA is a banker and an environmentalist/gardener.

At its core, sustainability means balance — protecting the environment, ensuring social equity, and driving economic growth in harmony, not in conflict. It is about building systems that last, grounded on trust, resilience, and responsibility.

The Philippines faces climate extremes — typhoons, floods, droughts and earthquakes that destroy lives and livelihoods. This year alone, millions of Filipinos have been affected, with billions of pesos worth of damage to agriculture and infrastructure. Rising heat indices, erratic rainfall, and food security risks paint a sobering picture: climate change is no longer a future threat but a present reality. Sustainability and climate action can no longer be afterthoughts. They are strategic imperatives for resilience.

To adapt, billions of pesos were poured into flood control projects. But recent developments have revealed “ghost” and substandard projects due to some entities asking for huge “commissions.” Instead of protecting communities, these projects erode trust and waste resources that could have saved lives — the very opposite of sustainability. Sooner or later, corruption is exposed — undermining resilience, wasting public funds, and deepening inequality. Corruption destroys not just infrastructure but the public’s trust upon which lasting development is built.

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