SUSTAINABLE DEVELOPMENT AND CORPORATE SOCIAL RESPONSIBILITY POLICY IN INDIA

Sustainable development is the development that meets the need of the present without compromising
the ability of future generations to meet their own needs.The concept of sustainable development refers to the
development which is in harmony with environmental considerations.Trade and commerce is a part of society.
Rather, it is dependent on society for its growth and development. It utilizes the available societal resources like
power, water, land, roads etc. Therefore enterprises have a moral and social responsibility to protect the
interest of society. Corporations must take into account the impact of their decisions on different components of
environment .i.e. soil, water and air.Today, pollution of natural resources is of great concern to all members of
society.It is the responsibility of every enterprise not to follow such practices that may lead to degradation of
environment and loss to flora and fauna of the country, even enterprises have to spend a part of their profit to
maintain the environment sustainability.