Governance, Ethics, and Sustainability

GOVERNANCE, ETHICS AND
SUSTAINABILITY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
Background..................................................................................................................................1
Methodology ...............................................................................................................................1
MAIN BODY...................................................................................................................................2
Economic Sustainability..............................................................................................................2
Environment Sustainability .........................................................................................................4
Social Sustainability.....................................................................................................................5
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Background
Sustainability could be described and meeting needs of present without compromising
ability of the future generations in meeting their need. There are mainly three types of
sustainability that are environmental, economic and social. They are also referred as three pillars
known planet, people and profit. Sustainability is growing issue among various investors who are
seeking social along with economic profits. With growth of the socially responsible ETFs and
funds corporate sustainability might add competitive advantage to bottom line of company.
Strategic decisions are taken by the extent and type of the corporate sustainability policies.
Businesses are required to establish the sustainability in business decisions as the process
could reap financial advantages and attracting more interest of investors that is key to the long
term profitability. It provides that company is not restricted only towards making profits but is
also concerned about the environment and society (Rezaee, 2016). It reflects positive image of
company in the market that provides recognition to the company and increases its revenues.
Sustainability report provides that organisation is considering the impacts of sustainability issues
and making company transparent over risks as well as opportunities they could face.
Methodology
GRI Standards – Increasingly investors, consumers and the key stakeholders expects firms to go
beyond the defined regulations and becoming pat of the the solutions for societal and
environmental issues. GRI is the international independent standard organisation helping
governments, businesses and the other organisations in understanding and communicating the
impact over issues like climate changes, corruption and human rights. The increasing pressure
from stakeholders groups like investors, consumers and the governments requires companies to
transparent over the economic, environmental and social issues and to publish sustainability
report. Frameworks of GRI helps company in identifying, gathering and reporting the
information comparable and clear manner (GRI Standards, 2020). GRI standards is structured set
of the interrelated standards. It has been primarily developed for helping organisations to prepare
sustainability report.
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