Table of Contents

Sustainable Business

Sustainable Business

Theory and Practice of Business under Sustainability Principles

Edited by Geoffrey Wells

Recent surveys of international CEOs confirm that companies increasingly see sustainability as critical to their business strategy. The rigorous academic framework for the field of sustainable business required to respond to this need is now emerging. This book presents important new work in the theory of the sustainable firm, in the application of sustainability principles to key management disciplines, in sustainable business in practice, and in the international challenges that are critical to sustainability demands.

Chapter 1: Towards an integrated conceptual framework for corporate social and environmental sustainability

Sukhbir Sandhu

Subjects: business and management, corporate social responsibility, strategic management, economics and finance, environmental economics, environment, corporate social responsibility, environmental economics


Governments and societies throughout the world are increasingly calling on businesses to be environmentally and socially responsible, and many businesses appear to be responding to this call (Hart, 2007; Lubin and Esty, 2010). This inclusion of social and environmental sustainability in the business agenda has also resulted in enhanced academic attention. Thus in the last two decades, a growing number of academic studies have focussed on examining various aspects of corporate sustainability (for example, Bansal, 2005; Hart, 2007; Madsen, 2009; Wells, 2011). While these studies have considerably extended the understanding about corporate sustainability, researchers have yet to reach a definitive conclusion regarding the relative importance of the various factors that can drive organizations towards sustainability (Delmas and Montes-Sancho, 2010; Kassinis and Vafeas, 2006; Russo and Harrison, 2005). One explanation for this ambivalence is that researchers have used an either/or approach to theoretical frameworks while examining drivers of corporate social and environmental responsiveness.

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