Good Governance: Key to Sustainability

Running head: GOVERNANCE SUSTANABILITY
Governance Sustanability
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1GOVERNANCE SUSTANABILITY
Table of Contents
Introduction......................................................................................................................................2
Importance of the corporate sustanibility........................................................................................2
Economic.........................................................................................................................................2
Social...............................................................................................................................................3
Environmental..................................................................................................................................3
Retaing the talent and employee satisfaction...................................................................................4
Differenciation of product or services.............................................................................................5
Reduce operating costs....................................................................................................................5
Enhance the brand recognition........................................................................................................6
Role of stakeholders in corporate sustainability..............................................................................6
Importance of stakeholder-partnerships in corporate sustainability................................................9
Conclusion.....................................................................................................................................11
Reference.......................................................................................................................................12

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Introduction
This paper discuss about the corporate sustanibility which can be addressed as a new
evolving corporate management domain. Concerning about the corporate sustainability is the
important profit maximization model (Fakher, Nourelfath and Gendreau 2018). It can recognizes
the corporate growth and the profitability which are very essential. Implementation of this can
result environmental protection, social justice and economic development. In shortly the
corporate sustanability is a long term driver of the profitable upliftment for the organization. It
can derive the innovation and the efficiency of the ultimate valuation. A research says, 96% of
the CEO believes that the sustanibility should be combined into company strategy and
operations. This paper also analyse the measurement factors in a very wide terms such in
Governance, Environment and Social. Focusing on the corporate sustainability will gear up the
stakeholders value (Lozano 2015). It changes the competitive and global business environment
through adopting the current and future economic value.
Importance of the corporate sustanibility
With the growing of sustanibility betterment and the shatreholders value, there are mainly
three pillars of the sustainability involved,
Economic
Unlike the name suggests itsef, it is not sbout the profit at any cost for the organization,
its all about the corporate risk management. The importance lies between the corporate ethics

3GOVERNANCE SUSTANABILITY
and profit. Though the change of supply chain can bring a short term financial gains. Economic
pillars can provides the extreme measurement of the sustainability (Baumgartner and Rauter
2017).
Social
The social pillars stands by the support of the employees, shareholders and the
community. A fair treatment to the employee and giving them a proper respect within the
organization can create the better productivity and creativity as well as the strong retentation and
engagement. In the case of a global scale, the social pillar may understand that why and how the
supply chain is to be filled- safe work environment, sustainable labour, fair wages and respect to
the community (Hahn et al 2018).
Environmental
It is most imporatant pillar among three, sustainable corporation are most often
innovative as they constantly checking the existiting process to address the better and greener
alternatives. By reducing the carbon footprint in the industrial concern the organization gain the
financial returns. Environmentral sustainability can build up a repuatation with the consumers as
eco friendly (Lozano 2015).
As the three pillar describes above, economi, social and environment, working togather to
improve the organizational endeavor for more sustainable practice. The business entity needs to
move from the post outdated quick profits to invest more in environment would be a mutual
interdependence and eco innovation. Adopting the sustainable practice is not only helps the