Which of the following best describes the difference between sustainable development and sustainable innovations?

Select answer from the options below

Sustainable development is concerned with balancing present and future needs while sustainable innovations involve developing new products and practices to improve an organization$$s impact on the environment.

Sustainable development is concerned with economic, social and environmental performance while sustainable innovations involve developing new products and practices to improve an organization$$s impact on the environment.

Sustainable development involves taking into account the effect of management decisions on employee physical and psychological well being while sustainable innovation advances the well$-$being of the natural environment.

Sustainable development is concerned with developing new products and practices to improve an organization$$s impact on the environment while sustainable innovations involve balancing resource use for present and future needs.