Corporations increasingly devote resources and strategies towards sustainability and protecting the natural environment. Many factors appear to drive companies towards investing in practices and departmental structures that are referred to and aid corporate sustainability management.
Corporate sustainability management is where business meets sustainable practices. It is the activity of managing a corporation’s impact on the three key bottom lines – profit, people, and the planet – so that all three can coexist and flourish well into the future. Sustainability management underpins a corporation’s long-term viability, as it prevents rather than reacts. A growing number of corporations from a wide range of industries, including transportation, utilities, consumer goods, and real estate, are pursuing sustainable management business goals.
There are proven market benefits for corporations that prioritize CSM activities, including improving their long-term company value and the capital market response to the disclosure of earnings, in addition to several other benefits. There are five key benefits of embracing corporate sustainability management.