Journal Press India®

Pathway to Corporate Sustainability: Drivers & Dimensions – A Review Study

Vol 23 , Issue 1 , January - June 2022 | Pages: 33-42 | Research Paper  

https://doi.org/10.51768/dbr.v23i1.231202204


Author Details ( * ) denotes Corresponding author

1. * Sahil Ramchandani, Research Scholar (Ph.D.), Department of Commerce, Delhi School of Economics, University of Delhi, Delhi, Delhi, India (sramchandani2993@gmail.com)
2. Ajay Kumar Singh, Vice Chancellor, Sri Sri University, Cuttack, Odisha, India (drajayksingh@gmail.com)

Purpose: The objective of this paper is to identify the factors that drive CS and provide a clear understanding of its dimensions, thereby laying a roadmap for modern-day organizations, striving to achieve sustainability.

Design/methodology/approach: In this paper, an exploratory study has been undertaken through an extensive literature review of research papers and articles from varied journals, books, reports and online sources.

Findings: Based on the literature reviewed, the paper identifies environmental responsibility, social responsibility, corporate reputation, compliance issues and organizational factors as the five major drivers of CS. It also gives an overview of Triple Bottom Line (TBL) based definitions of CS, proposed by different scholars and provides favourable arguments towards the adoption of a holistic TBL approach, maintaining a balance between the environmental dimension (planet), social dimension (people) and economic dimension (profit).

Research limitations/implications: The research provides a conceptual framework related to the drivers and dimensions of CS. However, further research is required to find the right mix of drivers that fuel CS in companies and to understand the actual balance of the TBL dimensions that exists in the modern-day organizations.

Originality/Value: The paper provides findings which are useful for academicians as well as practitioners. It provides a conceptual foundation for future researches with vast potential, worthy of empirical validation, along with sound theoretical knowledge about the drivers and dimensions of CS, necessary for smooth implementation of CS practices and initiatives in their organizations.

Keywords

Corporate Sustainability; Triple Bottom Line; Drivers; Dimensions


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