Business sustainability management, often referred to as corporate sustainability or sustainable business, is a strategic approach that integrates environmental, social, and economic concerns into a company’s operations and decision-making. A prime example is Interface, a flooring company that successfully implemented sustainable practices, reducing waste and energy consumption while increasing revenue.
Business sustainability management is crucial for businesses to remain competitive, attract customers, and manage risk in the face of climate change, resource depletion, and social inequality. Its implementation has a rich history, with the concept of corporate social responsibility emerging in the 1950s and gaining prominence in the 1990s as “sustainability.”