Whether economic, social and sustainability are interconnected and whether companies which recognize an interconnection in their...

Whether economic, social and sustainability are interconnected and whether companies which recognize an interconnection in their strategy perform better than companies which do not.

Expert Solution

The Sustainable Development of business not only cover the financial growth of company but also answer the problem link to very broad area like stop of environmental degradation , falling natural resources, geopolitical instability and bad effect of weather change.The Sustainable Development is only key point for serving long. Every company should try to achieve the target to be sustainable. The science and practice of sustainable development should be incorporated in the company policy.

The three key pillars of sustainable growth are:

Social and Human sustainability: The purpose of human sustainability to achieve the target of better and well qualified human capital in society. The Social sustainability goals to reserve social capital for future use by investing in social related activities. The current goal houses a superior view of relation to culture and business benefits in globalization.
Economic Sustainability:The purpose of economic sustainability to keep proper usage of capital. In the normal business term, it refers to the most efficient utilization of all assets and capital to maintain company profitability over time.
Environmental sustainability: the purpose of environmental sustainability to improve company profit through the protection of natural resources . Company should initiates actions to improve environment factor with profit maximization,

The combination and interconnection of all above issues is the only key of success in long run.

jeff jeffy answered 6 months ago

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