'Sustainability is an emerging mega trend and is a measure of good Corporate Governance.' Explain.

Sustainability is an emerging megatrend and is a measure of good corporate governance. Over the years, environmental issues have steadily encroached on businesses' capacity to create value for customers, shareholders, and other stakeholders. Globalized workforces and supply chains have created environmental pressures and attendant business liabilities. The rise of new world powers has intensified competition for natural resources and added a geopolitical dimension to sustainability. Externalities such as carbon dioxide emissions and water use are fast becoming material- meaning that investors consider them central to a firm's performance and stakeholders expect companies to share information about them. These forces are magnified by escalating public and government concern about climate change, industrial pollution, food safety, and natural resource depletion, among other issues. Governments are interceding with unprecedented levels of new regulation. Consumers in many countries are seeking out sustainable products and services or leaning on companies to improve the sustainability of traditional ones. Further fueling this megatrend, thousands of companies are placing strategic bets on innovation in energy efficiency, renewable power, resource productivity, and pollution control. Sustainability, in today's competitive globalised world, is one of the most commonly discussed terms as a part of viability and credibility of the organisations. Most executives know that how they respond to the challenge of sustainability will profoundly affect the competitiveness and perhaps even the survival of their organizations. The top management of an organisation can no longer afford to ignore sustainability as a central factor in their company's long-term competitiveness.