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Studies on Balkan and Near Eastern Social Sciences – Volume 3

Edited By Rasim Yilmaz and Günther Löschnigg

The third volume of «Studies on Balkan and Near Eastern Social Sciences» is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The book addresses economic, financial, political, sociological, international relations, health, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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Corporate Sustainability and the Methods of Corporate Sustainability

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Introduction

In the broadest sense, sustainability is defined as a requirement that covers environmental sustainability, social continuity, and economic stability (Lloret 2016). The concept of sustainability was first used in the economics literature at the macrolevel as a “sustainable development” in order to express the continuous development of welfare level of societies. Later, the same term has been used at the microlevel as “corporate sustainability” in the business literature to express the continuity of the enterprises.

The expression of sustainable development was first conceptualized at the United Nations Conference on Human Environment in Stockholm in 1972. The most widely used and accepted definition of sustainable development is made in “Our Common Future Report” published by the United Nations Commission on Environment and Development. The report defines sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (Once et al., 2015). Sustainable development involves the fight against poverty in the society and efforts to protect the environment. The World Commission on Environment and Development (WCED) suggests that it is a process that reduces the exploitation of resources and changes the direction of investments. Moreover, sustainable development advocates that technological developments and institutional changes should be met in a manner compatible with the current and future needs of individuals (Zahid et al., 2016).

Since sustainable development has an important role in ensuring the sustainability of enterprises, it has also attracted attention...

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