Handbook of Corporate Sustainability
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Handbook of Corporate Sustainability

Frameworks, Strategies and Tools

Edited by M. A. Quaddus and M. A.B. Siddique

Achieving corporate sustainability (CS) is one of the most difficult challenges facing organizations in the twenty-first century. This comprehensive Handbook examines the current status and future direction of sustainability frameworks and applications in the corporate environment.
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Chapter 4: House of Sustainability (HOS): An Innovative Approach to Achieve Sustainability in the Indian Coal Sector

Kampan Mukherjee


Kampan Mukherjee INTRODUCTION Growth in industrialization and technology development has been and still demands intensive generation of consumer and industrial products, which, in turn, consumes limited resources and reserves of our Mother Earth and deteriorates the physical environment of the globe. Systematic depletion of resources will make it difficult for future generations to maintain steadiness of growth, and environmental degradation worsens the livelihood of human beings living today and those who are yet to mark their footsteps tomorrow. Here lies the very essence of sustainable development. Readers may be lost in the jungle of definitions and concepts, if they dare to look for the single most standardized meaning or connotation of sustainable development. However, the definition proposed by the World Commission on Environment and Development (WCED) seems to have captured the aforesaid concept, which conceptualizes it as a development process that does not allow any compromise with the expected opportunity for meeting the needs of the future (WCED, 1987). Although it may sound fine, very often market-driven economic interest clashes with sustainability goals, and, in such cases, the resistance to meeting the later goals can only be weakened by governmental interventions (Tisdell, 2004). Other than biophysical dimensions, sustainability also involves economic, social or even moral issues in its purview. Integration of these issues is expected to result in conflicts, which are unlikely to strengthen sustainability-friendly policies at either the macro or the micro level of economic activities. This encourages scholars of this multi-disciplinary domain of research to face the challenges...

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