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The opportunities and challenges for a general definition of corporate sustainability

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  • I.E. Nikolaou
  • K.I. Evangelinos

Abstract

In recent years, academics and corporate analysts have suggested that the business world should incorporate sustainable development into their decision making, given that it is considered key to their long-term viability. The corporations which implement such strategies are usually labelled sustainable. In this paper, a number of definitions of corporate sustainability, each with different meanings, are presented; this variety has been transferred from the macroeconomic level (where this concept originated) and can now also be found at the microeconomic level. In order to clarify this ambiguity in meaning, the existence of which underlines the need to create a general definition, this paper has two aims: (1) to present a mapping for categorising the current definitions of corporate sustainability and tracing their origin and (2) to choose the most predominant definition and examine the opportunities, challenges, conflicts and efficient conditions which arise to develop a general definition of corporate sustainability.

Suggested Citation

  • I.E. Nikolaou & K.I. Evangelinos, 2008. "The opportunities and challenges for a general definition of corporate sustainability," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 2(4), pages 392-410.
    • Handle: RePEc:ids:ijgrec:v:2:y:2008:i:4:p:392-410
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    Cited by:

    1. Ioannis E. Nikolaou, 2019. "A Framework to Explicate the Relationship Between CSER and Financial Performance: an Intellectual Capital-Based Approach and Knowledge-Based View of Firm," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1427-1446, December.

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