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ARTICLE INFO
Article history:
Received 13 December 2021
Revised 21 December 2021
26 December 2021
Accepted 30 December 2021
Keywords:
Corporate Sustainability,
Triple Bottom Line, Drivers,
Dimensions
ABSTRACT
Purpose: The objective of this paper is to identify the factors that drive CS and provide a clear understanding of its dimensions, thereby laying a roadmap for modern-day organizations, striving to achieve sustainability.
Design/methodology/approach: In this paper, an exploratory study has been undertaken through an extensive literature review of research papers and articles from varied journals, books, reports and online sources.
Findings: Based on the literature reviewed, the paper identifies environmental responsibility, social responsibility, corporate reputation, compliance issues and organizational factors as the five major drivers of CS. It also gives an overview of Triple Bottom Line (TBL) based definitions of CS, proposed by different scholars and provides favourable arguments towards the adoption of a holistic TBL approach, maintaining a balance between the environmental dimension (planet), social dimension (people) and economic dimension (profit).
Research limitations/implications: The research provides a conceptual framework related to the drivers and dimensions of CS. However, further research is required to find the right mix of drivers that fuel CS in companies and to understand the actual balance of the TBL dimensions that exists in the modernday organizations.
Originality/Value: The paper provides findings which are useful for academicians as well as practitioners. It provides a conceptual foundation for future researches with vast potential, worthy of empirical validation, along with sound theoretical knowledge about the drivers and dimensions of CS, necessary for smooth implementation of CS practices and initiatives in their organizations.
Introduction
The concept of sustainable development is based on the central idea of the "The Brundtland Report", published in 1987. Noriko Kono (2014) defined sustainable development "as a development that meets present needs without compromising the ability of future generations to meet their own needs." However, the concept gained global acceptance at the (Kleine & Hauff, 2009). Since then, various scholars have defined sustainability in varied ways. According to Ganescu (2012), the concept of sustainable development has been growing and has expanded its applicability from society to organizations, referred to as corporate sustainability (CS). The concept has now become an integral part of the management discipline.
It is important to identify...