Global environmental changes, including climate change, are among the most serious challenge of human kind. Nations of the world are taking measures, including adopting Green Economy, and ratifying MEAs and MTAs. Businesses are also responding. As global economy is integrating and restructuring around global value chain, on one hand and the increasing pressure from multilateral environmental and trade agreements mounts on the other, new imperatives for business buildup irrespective of where they originate or operate. Business theories, including stakeholder theory, institutional theory, legitimacy theory, and the resource-based view explain the conceptual foundation. The success of
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