CORPORATIONS’ ENGAGEMENT FOR SUSTAINABLE DEVELOPMENT:A PREREQUISITE FOR A BETTER FUTURE

Paula Carmen Ro?ca and Dorin Paul Bã‚c

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2019, vol. 13, issue 1, 94-105

Abstract: Frequently called too big to fail, corporations can no longer be avoided, they are part of our everyday lives and most of the time they influence our lifestyle. They are present in every aspect of our life through the food we eat, the music we are listening to, the movies we watch, the things we buy to make our life more beautiful and easier, the jobs we have, the medicines we take if needed, the politicians we vote for, and sometimes even the air we breathe. Over the last decades, the multinational corporation was both praised and criticized for its impact on the economy, community and the environment. It is regarded both as a hero for its contribution to development and as a villain for the abuses committed and for the potential harm and risks to which society is exposed to on its way to achieving its ultimate goal, profit. The aim of this paper is to emphasize the substantial role of corporations in the transition process to a sustainable development and the necessity of their active involvement and commitment to fulfilling the UN Sustainable Development Goals. Also, we aim to demonstrate that corporations have already taken the first steps in this direction and that businesses’ commitment for sustainability and responsibility is increasing.

Keywords: corporations; stakeholder; power; sustainability; commitment (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:13:y:2019:i:1:p:94-105

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