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A 2014 session by the United Nations Conference on Trade and Development promoting corporate responsibility and sustainable development.. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. [1]
Small and medium-sized enterprises (SMEs) have been identified as a problem area in the field of environmental regulation. [1] [2] Small and medium-sized enterprises are defined by the European Commission as having fewer than 250 employees, independent (with no shareholder having over a 25% stake in the business) and with an annual turnover of no more than €50 million or annual balance sheet ...
A sustainable business, or a green business, is an enterprise which has (or aims to have) a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line.
A commonly cited definition of sustainable employability [2] is based on Amartya Sen's concept of capabilities. Within this capability approach to sustainable employability, individuals are considered to be sustainably employable when they have the capabilities to achieve things they value in their work and are enabled by their work to do so. [2]
The business has been nominated as a premier force for creating a sustainable world, [2] [3] especially when acting as a source of innovation and creativity – e. g. as Robinson (2004:378) [4] puts it: "In addition to integrating across fields, sustainability must also be integrated across sectors or interests.
Another bias that the ESG instrument can exhibit is that larger companies generally have higher ESG scores compared to small and medium-sized enterprises (SMEs). Sustainability reports have so far been self-declared and unaudited, resulting in companies often seeking to present themselves in the best possible light.
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The Sustainable Ocean Business Action Platform of the UN Global Compact has been actively supporting the launch in June 2020 of the Seaweed Manifesto, the result of a collaborative work of seaweed supporters from private sector, research institutions, UN agencies and civil society, initiated by the Lloyd's Register Foundation.