Our overarching thesis in this article is that organizations voluntarily adopting environmental and social policies represent a fundamentally distinct type of the modern corporation that is characterized by a governance structure that takes into account the environmental and social performance of the company, in addition to financial performance, a long-term approach towards maximizing inter-temporal profits, and an active stakeholder management process. Empirically, we identify 90 companies – we term these as High Sustainability companies -- with a substantial number of environmental and social policies that have been adopted for a significant number of years (since .
