Author: Sheetal N Shah & Dr. Meena Deshmukh
DOI Link: https://doi.org/10.70798/Bijmrd/04021006
Abstract: Sustainable business practices and Corporate Social Responsibility (CSR) are intertwined approaches for companies to manage their impact on society and the environment while ensuring long-term viability and success. While often used interchangeably, CSR is a broader concept that drives specific sustainable practices.
CSR is a business model and form of self-regulation that integrates social, environmental, and ethical responsibilities into a company’s operations and decision-making processes. It moves beyond the sole pursuit of profit maximization to consider the interests of a broader group of stakeholders, including employees, customers, suppliers, communities, and the environment.
Sustainability is about finding and executing efficient processes that protect the planet, including its resources, ecosystems, biodiversity, cultures, and people. It’s not a one-time solution, but a commitment to continuous action and improvement for the greater good that limits future social and environmental damages.
Sustainability is a valuable practice in individual, organizational, and corporate environments, both to advance environmental and social protections and benefit business.
Keywords: Sustainable, Environment, Corporate Social Responsibility.
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