Rising Importance of Corporate Sustainability in the Current Era

Seema Joshi () and Ruchi Kansil ()
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Seema Joshi: University of Delhi
Ruchi Kansil: An academician and independent researcher

Chapter Chapter 5 in Looking at and Beyond Corporate Governance in India, 2023, pp 113-141 from Springer

Abstract: Abstract The recognition of critical interdependence between financial, natural, human, social and manufacturing/technical capital by international bodies during the time when climate change crisis, ecosystem/natural resource crisis and now COVID crisis has been running parallel with financial crisis is appreciable. Undeniably, one of the positive outcomes of the financial crisis is the understanding and appreciation of the fact that governance strategy and sustainability have become inseparable. As a consequence, corporate sustainability (CS)Corporate sustainability (CS) has come at the forefront. Businesses have to integrate environmental, social and governance factors/characteristics in their investment processes and business decision making in the wider interests of their stakeholders. This stakeholder-oriented ethic is gradually assuming greater importance in managing sustainability risks, which can be achieved through strong corporate governance. The chapter applies a novel inquiry-based Situation-Actor-Process Learning-Action-Performance (SAP-LAP) frameworkSituation-Actor-Process Learning-Action-Performance (SAP-LAP) framework to study the linkages between corporate sustainability and corporate governance.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-3401-0_5

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DOI: 10.1007/978-981-99-3401-0_5

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