Sustainable development has emerged as a guiding principle for long-term global development.
Consisting of three pillars, sustainable development seeks to achieve, in a balanced manner, economic
development, social development and environmental protection (UN). The term sustainability refers to
achieving economic and social development without exhausting a country's natural resources.
Sustainability development is also referred as Triple Bottom Line concept. The concept ‘Sustainability’
when reduced to black and white takes the form of sustainability reporting.Reporting can ensure greater
corporate transparency and enables a better engagement with multiple stakeholders.