Business Sustainability
Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social, and financial requirements and interests to guarantee responsible, ethical, and ongoing business success. Sustainability aims on meeting the demands of the present without negotiating the competence of future generations to meet their needs. The theory of sustainability is constituted by three pillars: economic, environmental, and social - a business that endeavours to convene the triple bottom line.
Archie Caroll’s Pyramid of CSR
According to Caroll’s pyramid, responsible business is one which qualifies all the levels of obligations before taking up philanthropy. Without accomplishing the other responsibilities, a business cannot sustain.
Leadpedia decodes sustainability into organisational terms to facilitate organisations towards the journey of implementing best practices for business continuity.