Summary

In view of the changing scenario of risks, environmental and otherwise, it has become imperative for a paradigm shift in business and economics. We need a development that will have zero impact on environment and should not be at the cost of posterity: sustainable development. In fact, business is being increasingly viewed by all the stakeholder groups involved as a powerful force in promoting the cause of sustainable development. The future lies with firms that internalize stakeholder inclusivity, resource efficiency, and environmental conservation as key elements in their core business strategy and process. However, it is easier said than done.
A plethora of research works are already in place to take up the challenges. Sustainable business or business sustainability is no more that unknown in our economic vocabulary. The efforts have received a new fillip with the declaration of Sustainable Development Goals (SDG) - the 2030 Agenda by the UN.