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Growing need of sustainability reporting

Sustainability has been constantly sought out in-line with our progress over the past few decades around the world. As the leading thinkers and economists from the seventies and later decades looked at the horizon, they proposed that based on our demands, the rate of production and consumption, simply wouldn’t sustain itself in the times to come. Renowned World Bank economist Herman Daly succinctly described this situation “The economy is the wholly owned subsidiary of the environment, not the reverse”. Businesses started considering “sustainability” through its evident benefits in 4 key areas: 1) Environmental 3) Social 2) Economic 4) Governance