Sustainable Development for Corporate Sustainability

Shital Jhunjhunwala ()
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Shital Jhunjhunwala: University of Delhi

Chapter Chapter 8 in Corporate Governance, 2023, pp 171-186 from Springer

Abstract: Abstract The need for companies to adopted business practices that promote sustainable development and the means and benefits of reporting them. ‘We do not inherit the Earth from our Ancestors, We borrow it from our Children’. Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Companies must ‘do well and do good’. Besides being financially rewarding, it must take care of society and the environment. Business uses and impacts the resources of the earth—water, air, trees minerals, etc. If the air gets so polluted that we all die, to whom are these companies going to sell and become rich off? Sustainable Reporting allows companies to showcase their commitment towards CSR and Sustainable Development. Several frameworks have evolved over the years to measure a company’s contribution towards sustainable development. Notable among them are: The Communication on Progress (COP), Triple bottom line, Global Reporting Initiative and Integrated Reporting. Growing awareness towards social and environmental concerns have made companies act responsibly by incorporating ESG factors into their investment decisions. There has been a mounting rise in the number of socially driven businesses that target Impact Investment.

Keywords: Sustainable Development; Sustainable Reporting; Integrated Reporting; ESG; Responsible Investment; Impact Investment; Triple Bottom line; Global Reporting Initiatives; UN Global Compact; Grameen Bank (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-2707-4_8

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DOI: 10.1007/978-981-99-2707-4_8

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