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However, a growing awareness of ESG trends has given rise to the concept of "stakeholder value," whereby the focus is on long-term valuecreation for customers, employees, society and the environment rather than just short-term value for shareholders.
Sustainable capitalism resists short-term thinking and endeavors to maximize long-term economic valuecreation. As indicated in a U nited Nations Environmental Program (UNEP) report on the green economy (page 16) diverse strategies for economic growth and environmental stewardship can complement one another.
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