The corporations have been around for centuries, in the form of alliances between merchants, territories, and monarchs but the true form that committed to pooling capital, under a legally binding contract to benefit from sea-trade emerged in the 17 th century (Dari-Mattiacci, Gelderblom, Jonker, & Perotti, 2017) with the incorporation of Dutch East India company in 1602. The components of corporate form like representation, entity shielding, capital lock-in, tradable share and limited liability above all, offered protection of owner’s interests and assets (Kraakman & Armour, 2017) . Unfortunately, the corporations also took the liberty to ignore the impacts of devouring natural resources and environmental sustainability and rather focused on enhancing the productivity. In the late 1800s, corporate philanthropy emerged and quickened the pace of progress in 1950. Over the last seven decades, corporations have transformed from merely doing good deeds to committing the...