Social responsibility of business versus sustainable development

The general idea of the "sustainable development" envisages that sustainable business is aiming at the maximization of not just instant profit, but also long-term profit, thus entailing additional obligations concerning environment, society, clients, shareholders, staff and business development. Since 2006, FT and IFC have introduced "FT Emerging Markets Sustainable Bank of the Year Award". The Center-invest Bank has applied for this competition in 2007. The winner will be announced on the 7th of June in London.