Purpose- To highlight the need to redefine progress at individual and organizational levels by incorporating quantitative parameters. Finally to link meaningful and sustainable progress with the development of spiritual Capital. Approach- Looked at advocacy for sustainable development through the years by various international organizations and then gave examples of Corporate recklessness and greed. Thus highlighting the need to redefine progress and development. The paper explains the concept of spiritual capital and the importance of it's understanding and application in order to achieve sustainable development. Research Limitation- The paper relies on Secondary Sources of Data. Originality/Value-The paper is a bold attempt to highlight the need for change by taking the courage to acknowledge the need to develop spiritual capital in the pursuit of materialistic goals. The paper will be of immense use in the field of Organizational Management