What is Sustainability (Sustainable Development)

As of the publication of Bowen's masterpiece Social Responsibilities of the Businessman in 1953, it can be claimed that people have started to think that corporations have responsibilities to their societies in addition to their principal task of maximising shareholders' value. Corporate social responsibility owes its existence to this paradigm shift. Currently, there are a bunch of notions that are closely related to or somehow intertwined with the concept of corporate social responsibility. This review has been written to discuss the similarities and differences between these terms—triple bottom line, sustainability, corporate social performance, business ethics, corporate social responsiveness, corporate citizenship, corporate governance, corporate philanthropy, socially responsible investment, environmental, social and governance—and corporate social responsibility, as well as to provide frequently cited definitions of this concept.