The increasing threat of severe climate change, as well as the widening of gaps between socioeconomic groups and frequent social unrests1'5 are pressuring businesses to change normative management practices and operations towards development that is both inclusive and sustainable. Stakeholders are the various internal and external individuals or groups who have an interest in a business because they are concerned about how its policies and operations affect them. These may include governments, local communities, civil society organizations (CSOs), non-governmental organizations, employees, consumers and suppliers.11 Because SRBs promote inclusiveness and sustainability, this approach creates a higher level of shared value amongst shareholders and stakeholders. Such an approach also aligns with the 2030 Agenda for Sustainable Development or the Sustainable Development Goals (SDGs).