Digital innovation: A catalyst and enabler of achieving business sustainability

• Main Authors: GOH, Clarence, PAN, Gary, SEOW, Poh Sun, SHANKARARAMAN, Venky
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Accounting; Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/soa_research/1901; https://ink.library.smu.edu.sg/context/soa_research/article/2928/viewcontent/digital_innovation.pdf
• Institution: Singapore Management University

Today, many companies are actively incorporating sustainability principles into their business strategies. This movement is likely to have resulted from an ongoing shift in the demands and behaviours of customers, employees, partners, governments, investors and other stakeholders that expect companies to act with integrity and in a way that benefits wider society. The emphasis on achieving sustainability goals has led to increasing adoption of “triple bottom line”, which suggests that companies ought to pay attention to more than just the bottom-line, but also measure their environmental and societal impacts that may help to achieve long-term business growth. Typically, companies with high environmental, social, and governance (ESG) ratings have consistently outperformed the market in medium and long term horizons.