Business and industry led humanity to progress, but not without negative impacts on the environment. Global warming and damage to natural resources now risk the future of our environment. How can industry and business reduce negative impacts and turn to sustainable development? Awareness and efforts to deal with their impact focus on trying to move to a lifestyle centered on activities that meet the needs of the present without compromising the ability of future generations to meet their needs. Pairing environmental and social interests with economic interests may lead the way to positive consequences.
Many countries in the global village have adopted laws and regulations that support sustainability and a sustainable development strategy. However, countries do not have the enormous economic means and capabilities that business corporations have. In addition to addressing social and environmental needs, business strategy models point to a relative advantage for corporations focused on sustainable development.