Corporate Sustainability

Preface

Business sustainability has gained considerable attention from investors, regulators, standard-setters, business organization, academics, and the accounting profession in recent decades. This book defines business sustainability as a process of generating financial economic sustainability performance to create shareholder value, while achieving nonfinancial environmental, ethical, social, and governance sustainability performance in protecting the interests of other stakeholders including creditors, customers, employees, suppliers, government, society, and the environment. The role of business corporations in our society has evolved from profit maximization to creating shareholder value and, in recent years, to create shared value for ...