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ARTICLE · 20 JULY 2023

Leveraging Sustainable Business Practices: A Comprehensive Guide

Today's dynamic business environment calls for more than just profitability; it demands ‘Sustainable Business Practices'. Let's explore what this means and why it's vital for modern enterprises.

MauritiusEnvironment

Today's dynamic business environment calls for more than just profitability; it demands 'Sustainable Business Practices'. Let's explore what this means and why it's vital for modern enterprises.

According to the Green Business Bureau, sustainability is a key concern for 90% of business executives. So, what does sustainability signify in business?

Sustainability implies indefinite continuation at a certain pace or level. In business, a sustainable entity operates without end. The path to achieving this is complex, and no one-size-fits-all solution exists. This vagueness has led to misunderstandings. Today, it's tied to issues like climate change, poverty eradication, and gender equality. To tackle unsustainable practices, the Environmental, Social, and Governance (ESG) criteria have been introduced. Initially intended for investors, the ESG terminology has since developed.

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