Theoretical Analysis of Sustainable Business Practices Adopted by Companies at Global Level

Abstract

This study offers a thorough analysis of the literature with regard to how sustainable business practices affect an organization's overall performance. Despite this, there is a growing body of research in the recent age that links sustainable company practices to financial performance. With the backdrop of increasing environmental pollution and social inequality, sustainability and sustainable business practices have gained significant relevance in the modern world. Accordingly, the current study pinpoints the issues and proven drift that obstruct a legitimate consensus over that link. These days Sustainability is seen as a significant issue for our collective period. As a result, during the past ten years, more stakeholders have given socially responsible investing their full focus. Therefore, sustainability has the power to improve a company's overall performance. This study aims to provide conceptual clarity on the various aspects of sustainable development, including community, environment, workers, and governance, as well as relevant theoretical frameworks. Together with this research, a systematic literature review has been used to do theoretical analysis in the context of both developed and developing nations. Subsequent investigation, however, shows that the four sustainability components have distinct but substantial effects on financial success.