FREE IGNOU BPAG-174 SOLVED ASSIGNMENT 2023-24

10. Role of Corporates in Sustainable Development: Corporates play a significant role in sustainable development by influencing economic, social, and environmental outcomes. Businesses have the capacity to drive positive change through their operations, products, and practices. They can contribute to sustainable development by adopting responsible business practices that prioritize environmental stewardship, social equity, and ethical governance.

Corporates can invest in renewable energy, reduce carbon emissions, minimize waste, promote fair labor practices, support community development, and engage in philanthropic initiatives. By aligning their business strategies with sustainable development goals, corporations can create value for both their shareholders and society. Additionally, businesses can drive innovation by developing green technologies and sustainable solutions. As key players in the global economy, corporates have the potential to drive systemic change and contribute to a more sustainable and prosperous future.