What is sustainability in business?

Sustainability in Business is a platform on Sustainability built for small businesses. We advance awareness and knowledge of this field particular for small businesses who evolve in relation to climate, nature, people, and governance. 
                     
Sustainability covers a broad set of topics important for corporate risk management, governance, and strategy. They include risks and opportunities associated with climate and nature, greenhouse gas emissions, stakeholder relations, business ethics, and human rights, among others. Financial materiality, the effect of these topics on the financial outlook of a firm, is relevant to business management and governance. Beyond financial materiality, the impacts of business operation on people and the planet directly and indirectly affect a business's relationship with a broad set of internal and external stakeholders who increasingly expect businesses to interact responsibly with the environment and the stakeholders.

Sustainability is becoming an urgent and important topic that small businesses increasingly prioritise. Whether sustainability impacts are seen as risks, opportunities, or both depends on the nature of the business sector and activities. With the implementation of disclosure regulations and the release of transparency standards, sustainability-related assessments affect small businesses across value chains, sectors and geographies.