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RESEARCH ARTICLE
Corporate Sustainable Development – Motives, Steps, Challenges and the Role of HR
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1 Department of Human Resources, ICFAI Business School (IBS), Hyderabad, The ICFAI Foundation for Higher Education (IFHE) (Deemed to be university u/s 3 of the UGC Act 1956), Hyderabad,
India
Received: 28 December 2020 | Revised: 30 October 2021 | Accepted: 30 October 2021 | Published online: 30 October 2021
© 2021 by the Author(s). This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International License ( https://creativecommons.org/licenses/by/4.0/ )
Abstract
The aim of this study is to develop a framework to transform conventional businesses into sustainable businesses by understanding the motives, challenges for sustainability, and the role of HR in incorporating sustainability in the organisation. The steps of the framework include formulating the sustainability strategy, altering the systems to support sustainability, implementing the sustainability strategy, measuring sustainability, and reporting sustainable development. The framework will help organisations to transform their business models into sustainable business models.
Keywords
Formulating the sustainability strategy
altering the systems to support sustainability
implementing the sustainability strategy
measuring sustainability
and reporting of sustainable development.
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