Business organizations has evolved from profit maximization entities to organizations with profit-with-purpose mission. Their objectives have advanced from wealth creation for shareholders to shared value creation for all stakeholders. To effectively achieve this new objective, corporations are expanding their performance to both financial/quantitative economic sustainability performance (ESP) and nonfinancial/qualitative environmental, ethical, social, and governance (EESG) sustainability performance. Sustainability has become economic and strategic business imperative with potential to turn risks and challenges to opportunities for business growth, innovations, and social and environmental responsibilities. Companies are now adopting ...
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