Economic Sustainability for Business 101: Is Economic Sustainability only about Governance? No.
Economic Sustainability in business is about making a profit that is not detrimental environmentally or socially. Businesses are in business to make a profit. While there may be purpose-driven goals, if a business is commercial, that is a fundamental aim.
There is sometimes confusion because of how Environmental and Social Goverance (ESG) is used interchangeably with ... everything. Also, at the moment, there is a trend that focuses primarily on the reporting aspect of Sustainability. ESG and Data are essential contributions but aren't the same as Economic Sustainability.
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