Corporate sustainability

[1] The strategies created are intended to foster longevity, transparency, and proper employee development within business organizations.

Whereas ethics, morality, and norms permeate CSR, sustainability only obliges businesses to make intertemporal trade-offs to safeguard intergenerational equity.

While short-term economic gains could be pursued, failure to account the social and environmental impacts of these pursuits is believed to make those business practices unsustainable.

Therefore, in the literature, corporate sustainability is often referred to as a three-dimensional construct integrating social, environmental, and economic factors.

These can be either positive (e.g. corporate giving, creation of employment) or negative (e.g. work accidents, human rights abuses).

Some point towards eco-effectiveness, socio-effectiveness, sufficiency, and eco-equity as four criteria that need to be met if sustainable development is to be reached.