In a short essay, describe the three types of interests simultaneously pursued by a sustainable business

What will be an ideal response?

A sustainable business simultaneously pursues three types of interests:
? Economic interests refer to the firm's economic impact on the localities where it does business. Management considers the effect of the firm's activities on such local concerns as job creation, wages, tax flows, disadvantaged communities, public works, and other areas where the firm can contribute positively to local economic interests.
? Social interests refer to how the firm performs relative to societies and social justice, often termed social impact. The firm with a strong social interest aims to optimize work conditions and diversity in hiring. It avoids using sweatshops, child labor, and other practices that harm workers. Instead, the sustainable firm provides safe work environments, health insurance, retirement benefits, and educational opportunities for employees.
? Environmental interests refer to the extent of the firm's contribution to preserving environmental quality, commonly known as environmental impact. This concept refers to reducing the effect of the firm's value-chain activities on the natural environment. The sustainable firm maximizes its use of recycled or renewable raw materials and environmentally-friendly energy. It minimizes pollutants, designs production lines to use water and energy efficiently, and constantly seeks ways to reduce waste. Many firms establish a green purchasing policy, through which they source inputs that support environmental interests.