This literature review discusses the role, benefits, and key principles of sustainability practices and corporate social responsibility (CSR). It includes a case study of Nokia and how the company carries out sustainability practices and CSR within the organization. The paper also provides suggestions to improve and encourage sustainability practices and CSR. The three levels of sustainability, economic, ecological, and social, are discussed along with the five principles of sustainability. The paper concludes that CSR and sustainability are significant tools for companies to provide wealth and value to stakeholders.