Question

(ii) should the Company objectives consider broader goals such as environmental and social performances when attempting sustainable economic performance.

Answer 1

Yes, Comapny objectives should consider broader goals such as environmental and social performances when attempting sustainable economic performance because economic performance goals can only be achieved when environmental and social performance goals are achieved like company dealing in Hazardous products can be economically well when it maintains the environment that is well for environment and society like disposing off the waste produced while producing hazardous products because there are so many restrictions from Goverments too while dealing in these kinds of products. If company does not adhere those restrictions, it has to face legal actions which is not economically good for company. That's why Economical goals and environmental and social goals of a company goes parrallely. If Environmental and social goals not achived by company, it will be difficult to achieve economical goals and vice versa i.e. if Economical goals not achieved by Company, it will be difficult to achieve Environmental and Social goals.