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Mr. Aayush Rahate & Mr. Viraj Yeole

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Businesses worldwide are placing greater emphasis on corporate sustainable development, a crucial topic as the harmful effects of human actions on the environment become more apparent. Organizations are acknowledging their responsibility to foster sustainable development, and this article intends to present an introduction to this concept. The following sections will cover the definition, significance, and primary approaches associated with corporate sustainable development. Corporate sustainable development plays a crucial role for a variety of reasons. For one, it enables us to tackle some of the most pressing global issues we face, such as climate change, resource scarcity, and social inequity. In addition, it presents a host of opportunities for innovation, efficiency, and sustainable growth over the long run. Finally, it can foster greater trust and credibility among stakeholders, including customers, employees, and investors. There are several key practices that companies can adopt to promote sustainable development. These include setting measurable sustainability goals, conducting sustainability assessments, implementing sustainability management systems, engaging stakeholders, investing in renewable energy and resource efficiency, promoting sustainable products and services, and engaging in sustainable supply chain management. In this article, we will deal with key concepts of Corporate Sustainable Development (CSD), role of corporate houses in sustainable development, the difference between Corporate Sustainable Development (CSD); Corporate Social Responsibility (CSR) and a critical analysis of three pillars of CSD – environmental pillar, social pillar; economic pillar.


Corporate Sustainable Development (CSD)

Corporate Social Responsibility (CSR)

Environmental Pillar

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