What concept refers to meeting present needs without compromising future generations' ability to meet theirs?

The concept of sustainability is centered around ensuring that the needs of the present population are met without jeopardizing the ability of future generations to fulfill their own needs. This involves a balanced approach to utilizing resources in a way that protects the environment, promotes social equity, and supports economic growth. Sustainability emphasizes the interconnectedness of ecological health, social justice, and economic viability, and advocates for practices that will maintain resources over the long term.

In contrast, while corporate responsibility involves ethical practices and accountability of businesses towards society and the environment, it does not specifically encompass the broader and more future-oriented approach included in sustainability. Long-term growth generally focuses on the economic aspects of organizations rather than the comprehensive consideration of environmental and social factors. Resource allocation deals with the distribution of resources in the present, but does not explicitly address the concept of preserving resources for future generations. Thus, sustainability stands out as the most fitting term for the idea of meeting present needs without compromising future possibilities.