Corporate sustainability is a term describing a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from environmental, economic and social developments (sustainable development). Corporate sustainability leaders achieve long-term shareholder value by gearing their strategies and management to intensely tap into the market’s potential for sustainable products and services while at the same time successfully reducing cost and void sustainability risks.
Businesses that lead to sustainable development are highly competent to address global and industry challenges in an integrated way across corporate activities. Furthermore, in addition to normal corporate planning, sustainable development requires a business to think about
- work with regulations of specific environmental issues that require
- immediate and longer-term attention.
- the evolvement of ongoing sustainable development terms
- how to innovate, redesign, and further develop more sustainable products and delete unsustainable processes