Sustainable development through corporate social responsibility and corporate sustainability

Falguni Mitesh Thakkar

Sustainable development through corporate social responsibility and corporate sustainability



Abstract

In recent years there has been significant discussion in the business, corporate, academic, and even press about ‘Corporate Sustainability.’ This term is often used in conjunction with and in some cases as a synonym for other terms such as ‘Sustainable Development’ and ‘Corporate Social Responsibility.’ The sustainable development of society refers to three major components of human existence: economical, ecological and human. The relation between economical growth and the protection of the environment is an essential problem in the approaching sustainable development because the approach of economical growth not only by GDP, without trying a quantification of medium and long term advantages, resulting from environmental protection is only a basic form, unacceptable in sustainable development analysis.

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