Business Sustainability, Corporate Governance, and Organizational Ethics

Introduction

Book Features

Business sustainability, corporate governance, and organizational ethics (BSCGOE) are taking center stage in the global business environment. The revised (January 2019) Association to Advance Collegiate Schools of Business (AACSB International) accreditation standards confirm that these three topics are emerging as areas of focus for business schools worldwide.¹ In today’s business environment, multinational corporations are under scrutiny and profound pressure from investors, lawmakers, and regulators, as well as global business counterparts, customers, suppliers, employees, society, and the environment to improve their BSCGOE. These three emerging topics of sustainability, governance, and ethics, when intertwined with the right corporate culture, can set an appropriate tone at the top in promoting competence, integrity, and accountability throughout the organization. The business sustainability practice of focusing on the multiple bottom lines (MBLs) of economic, governance, social, ethical, and environmental (EGSEE) performance is also gaining broad acceptance. Investors demand (through impact investing initiatives), regulators require (through the 2016 European Commission regulations and the 2018 Delaware Act), and business organizations report (more than 45,000 worldwide, according to a 2018 Global Reporting Initiative report) some EGSEE dimensions of sustainability performance.

Growing urbanization, industrialization, and the depletion of nonrenewable ...