Business Case for Sustainability

Nasrin R. Khalili

Chapter Chapter 4 in Practical Sustainability, 2011, pp 79-99 from Palgrave Macmillan

Abstract: Abstract Sustainability is becoming a top priority for leaders of governments, businesses, and society. Pursuing sustainability, however, entails careful assessment of the business models in practice, business culture, and value systems. Translating a sustainability concept into actionable steps requires setting priorities, defining principles, and forming strategies for the development of the guidelines and systems as a “business case” that can justify the need, identify the risks, and define the benefits of pursuing sustainability. Although it may vary in style and format, the development of a business case assists businesses in determining what sustainability means to them, what the perceived values are, and how they can create those values via a proper and systematic transformation of their business strategy, structure, and order. Development of an ingenious business case for sustainability will assist businesses with the design of realistic sustainability goals and objectives; identify systematic changes necessary to successfully address sustainability; and design codified methodologies to assess the impact of sustainability on business social, environmental, and financial performance (triple bottom line). This chapter discusses the need, and steps involved in the development of a business case for sustainability.

Keywords: Corporate Governance; Business Case; Corporate Sustainability; Triple Bottom Line; Corporate Financial Performance (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1057/9780230116368_4

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