Sustainability Development in India: Role of Business and its Contributions
- Author Uma Rani Bade
- Co-Author Sudarshan Chakravarthy
- DOI
- Country : India
- Subject : management Studies
Keywords : sustainable development, sustainability, corporate stakeholder, Corporate Social Responsibility, environmental management
Abstract
Sustainable development (SD) is the development that meets the needs of current generations without compromising the ability of future generations to meet their needs and aspirations and it can be pursued in many divergent ways. It is a process for improving the range of opportunities that will enable individual human beings and communities to achieve their aspirations and full potential over a sustained period of time, while maintaining the resilience of economic, social and environmental systems. This paper focuses on the role of businesses towards sustainable development of the economy. Sustainable development involves global, regional and national partnerships in finance, trade, science, technology and innovation. Businesses should support environmental challenges approaches; undertake initiatives to promote improved environmental responsibility; and encourage the development and transmission of environmentally friendly technologies for attaining environmental and sustainable development considerations in business operations. Sustainable development requires that business enterprises realign their priorities and take the lead in implementation of the SDGs by adopting sustainable business practices.
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