Corporate Responsibility in the Era of Sustainable Development: Intersections of Commerce, Management, and Law

Abstract

Corporate Responsibility (CR) has emerged as a central paradigm in achieving sustainable development in an increasingly globalized and stakeholder-driven economy. This chapter examines corporate responsibility through a tri-dimensional framework encompassing commerce, management, and law. It explores how responsible commercial practices, ethical and strategic management, and robust legal frameworks collectively contribute to sustainable development outcomes. By integrating economic performance with social equity and environmental stewardship, corporations can align profit motives with long-term societal well-being. The chapter highlights global and Indian perspectives, emphasizing Sustainable Development Goals (SDGs), Environmental, Social, and Governance (ESG) practices, and statutory CSR mandates. It concludes by proposing an integrated governance model for strengthening corporate responsibility in the era of sustainable development.

Keywords: Corporate Responsibility, Sustainable Development, Commerce, Management, Law, CSR, ESG, SDGs