Corporate Sustainability and Sustainable Business Practices: Drivers of Long-Term Organizational Value Creation
DOI:
https://doi.org/10.54518/eir.2.1.2024.1244Keywords:
Corporate Sustainability, Sustainable Business Practices, ESG, Stakeholder Value, Sustainable Competitive Advantage, Organizational PerformanceAbstract
Corporate sustainability has become an increasingly important strategic priority as organizations face growing environmental, social, and governance (ESG) challenges. This study examines the role of corporate sustainability and sustainable business practices in supporting organizational performance and long-term value creation through a qualitative Systematic Literature Review (SLR) guided by the PRISMA 2020 framework. The findings indicate that corporate sustainability contributes to organizational success by integrating economic, environmental, and social objectives into strategic and operational activities. Sustainable business practices enhance resource efficiency, strengthen stakeholder relationships, improve organizational legitimacy, and support sustainable competitive advantage. The review further reveals that sustainability capabilities positively influence organizational performance, long-term growth, and value creation. Additionally, ESG considerations and technological advancements play an increasingly important role in shaping sustainability strategies. The study concludes that corporate sustainability is a critical driver of sustainable business success and long-term organizational value creation.
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