Explanation

Here are some of the most common ways that Sustainability and Corporate Social Responsibility are explained.

Sustainability and Sustainable Development

"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
(Source: Oxford, Great Britain: Oxford University Press, 1987)

"Sustainable development involves the simultaneous pursuit of economic prosperity, environmental quality and social equity. Companies aiming for sustainability need to perform not against a single, financial bottom line but against the triple bottom line.“
(Source: World Business Council on Sustainable Development)

Corporate Social Responsibility

“Corporate Social Responsibility is a long-term strategic positioning that links a business to a social issue or worthy cause. Many major companies have a policy to act as a good corporate citizen and support local community events and activities, without necessarily benefiting from commercial gain. Adopting corporate social responsibility philosophies include:

•    Caring for New Zealand by meeting social obligations
•    Valuing staff and being a good employer
•    Taking environmental responsibilities

(Source: Ministry for the Environment,New Zealand)