The Sustainable Development Concept

921 Words4 Pages
Nevertheless, the sustainable development concept has drawbacks. Soppe (2009) points out the sustainable development concept are ambiguous and vague in some points, which makes policymaking more difficult. Furthermore, it emphasizes that environment tends to erode economic growth, where a good environment comes together with economic growth. The two concepts are complements, not substitutes.

This thesis studies on DJSI emerging markets index constituents. To construct such index, RobecoSAM are using the corporate sustainability assessment criteria , which consist of in-depth analysis criteria to assess each company on financially relevant economic, environment, and social factors. Furthermore, the corporate governance is included in the assessment
…show more content…
The basic idea of CSR is that business and society are interrelated. The business-society concept is then developed into new theories regarding CSR (Dierkes & Antal, 1986). In the book of Social Responsibilities of the Businessman by Bowen (1953) these new theories are argued as the beginning of the modern literature on CSR. Bowen (1953) first defined CSR: “It refers to the obligations of businessmen to pursue those policies, to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society (p.6).” Furthermore, Davis (1960) presents his views about the relation between social responsibility and business power. According to Davis (1960), the diffusion of CSR gave way as the base point to enhance the concept and relate it to other theories, such as corporate social performance and stakeholder…show more content…
Carroll (1979) as since stated that CSR embodies a whole range of responsibilities including: the economic, legal, ethical, and discretionary aspects. CSR then gradually expanded with economic and environmental aspects. Furthermore, sustainability emerged into sustainable development and integrated a broader view including economic and social perspectives. This was later stated by the World Business Council for Sustainable Development (WBCSD, 2000) as “sustainable development requires the integration of social, environmental and economic considerations to make balanced judgements for the long term (p.2).” Furthermore, Montiel (2008) stated that CSR and corporate sustainability (CS) had different backgrounds due to their different fields of origin, but have common futures. He goes on to say that CS has a more integrated background than CSR regarding to the economic, social, and environmental
Open Document