The industrial and commercial activities of the corporate sector have a substantial impact on the environmental concerns such as climate change and global warming. Understanding the corporate responsibility in the wake this global crisis is imperative in order to mitigate the consequences of climate change by transforming climate and environmental challenges into advantageous opportunities within various sectors. Numerous organizations have initiated a shift toward the implementation of practices aligned with the concept of sustainable value creation. Researchers all over the world have constantly made efforts to devise approaches and measures for sustainable value. This chapter discusses the concepts of value and sustainable value creation. It also addresses the innovative nature of development of this concept. It differentiates between economic value and sustainable value and further discusses the problem of measurement of sustainable value creation. This chapter helps the readers to understand the concept of sustainable value and has implications for the company managers, investors, policymakers, sustainability practitioners, researchers, and academicians.