Sustainability has emerged as a core concept of business and personal life in the 21st century. It is a philosophy that advocates leaving the universe in the same condition at the end of a generation as when that generation began.
From a business perspective, this means achieving financial objectives without sacrificing social or economic values, and doing it in ways that preserve the ability of future generations to enjoy the same lifestyle opportunities.
For risk managers, addressing the emerging risks involving sustainability issues may seem like a daunting task.
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