Corporate Sustainability a Panacea for Growth: Values, Convictions and Acrions

Can corporate sustainability aid growth, create value and actions on environmental protection? The answer can be positive. But at the same time, level of development of the country, poverty etc. also needs to be factored in while calibrating the corporate sustainability action commands. Please remember that a company is an artificial person with perpetual existence. The society trusts it to exist for ever to serve posterity ad infinitum. The sustainability has therefore to balance the needs of the present with the needs of the future. Further, the shareholders constituting the company enjoy limited liability just because the society has undertaken unlimited liability. The sustainability also requires arrangements to balance the concerns of limited liability of the shareholders with the unlimited liability of the society, state and the public. [Bhawan’s Royal Institute of Management, Kochi].