Essay 1:

Provide an argument on the importance of capital budgeting decisions in terms of creation of value.

Essay 2:

Sustainabilityfocuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. The concept ofsustainabilityis composed of three pillars: economic, environmental, and socialalso known informally as profits, planet, and people.(Source: Investopedia)

Discuss the impact of the second pillar (environmental) of sustainability on capital investment decisions.