Option 1: Reduce, Rebuild, Restrict - Reducing consumption and waste, rebuilding infrastructure, and restricting certain activities may have environmental benefits, but these actions are not commonly referred to as the three R`s in an environmental context.

Option 2: Random, Reduce, Recall - Randomness does not directly relate to environmentally friendly actions. However, reducing consumption and waste, as well as recalling or returning products, can be considered environmentally friendly practices.

Option 3: Read, Register, Recall - Although reading about the environment, registering for environmental initiatives, and recalling environmental facts are important for awareness, they are not recognized as the three R`s.

Option 4: Reduce, Reuse, Recycle - This is the correct option. Reducing consumption, reusing items, and recycling materials are commonly known as the three R`s of environmental sustainability. They promote resource conservation and waste reduction.