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Author Question: In a narrow sense, the term sustainability can be defined as meeting the needs of the present ... (Read 47 times)

schs14

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on: Jul 7, 2018
In a narrow sense, the term sustainability can be defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs.
 
  Indicate whether this statement is true or false.

Question 2

Identify the term sustainability and discuss its role in business.
 
  What will be an ideal response?


alvinum

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

Answer: Corporate sustainability has evolved from the more traditional view of corporate social responsibility. According to the World Commission on Environment and Sustainability, the narrow definition of sustainability is meeting the needs of the present without compromising the ability of future generations to meet their own needs. In addition, sustainability includes the social, economic, environmental, and cultural systems needed to support an organization. Furthermore, corporate sustainability is a business and investment approach that strives to use the best business practices to meet the needs of current and future shareholders. Today it relates to how an organization's decisions could affect society and the environment as a whole. One could think of corporate sustainability in a business sense as providing long-term profitability. Thus, sustainability should be a fundamental part of business strategy, product development, talent development, and capital investment.


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