Sustainable Business Australia (SBA) joined the WBCSD in February 2014 as a new Global Network Partner in Australia. SBA is a nonprofit membership-based organisation that focuses on low carbon and environmental goods and services, as well as on “new markets, new industries and new jobs.”
A large part of SBA’s work involves raising awareness about the scale and relevance of major environmental challenges and the commercial solutions that business and industry can provide. SBA represents a rapidly growing coalition of members who will be the backbone of the next era of wealth generation by providing commercial solutions to environmental challenges. Therefore they invest resources in providing far-reaching policy recommendations.
SBA’s membership is drawn from many sectors and includes investors, bankers, technology and infrastructure developers, consultancies and engineering companies involved in all areas of the economy.
- 54 companies.
Shared Members with WBCSD
- (2) General Electric, KPMG.
- ActivitiesSBA has six primary focus areas: Sustaining Growth, Carbon Action, Sustainability Counts, Natural Capital, Resource Solutions and its social capital area, called People Do Matter.
- Action2020-related Activities
- SBA is working with its member companies and affiliate networks to support the implementation of GHG management and reporting practices across companies and throughout the Australian economy, and to position member companies at the forefront of business in reducing its climate impact. This focus area group works with businesses, governments, NGOs and other stakeholders throughout Australia to develop credible and effective tools for companies and organisations to tackle climate change, mitigation and adaptation.
- The SBA focus area Resource Solutions generates business leadership in expanding sustainable solutions to meet the needs of people now and in the future by driving a broad spectrum of sustainability initiatives at all stages and in all elements of the resource spectrum (such as minerals, forestry, food, water). The effective use and management of natural resources pose a critical sustainable development challenge. The accompanying constraints on business may be seen as a risk, but they also represent a large and only partially explored opportunity to contribute sustainable management solutions at the required scale.
- The SBA focus area Natural Capital seeks to build consensus, collaboration and capacity, and to develop tools to assess risks and opportunities related to business impacts and dependencies on ecosystems. It also engages in the global biodiversity and ecosystem policy debate.
Skills and Employment
- The People Do Matter focus area: Business leaders increasingly recognise the crucial role employees play in driving and delivering a sustainable business strategy. This focus area group investigates what integrating sustainability into corporate culture and fostering “sustainable development capabilities” might mean in practice, that is, how companies can inform, train, equip, direct, motivate and incentivize employees in a way that is aligned with sustainability principles and creating business value.
- Sustainability Counts focus area: The integration of sustainability into business strategy requires new business models and new ways of thinking about how businesses contribute to society. To advance this different perspective, new ways to measure value creation and “good corporate performance,” the valuation of externalities, and new reporting standards to accelerate a transition to long-term sustainability will be needed. This focus group seeks to bring together leading business experts and other stakeholders to deepen an understanding of what the concept of shared value means in practice, to catalyse efforts to redefine what “good corporate performance” should mean in practice and to advance discussions on the most effective ways to report and reward companies across the globe.
- Sustaining Growth focus area: The Sustaining Growth focus area group will explore what is needed to build a new economy as the first step in something much more transformative: an economy that can directly engage with and build local resilient economies with marginalised communities, one that begins with ways to create immediate and tangible benefits rather than advancing abstract and distant theories. Ultimately, the new economic model is based on redefining economic progress towards a broader notion of social and environmental prosperity, economic democracy and more effective government regulation.
- Collaboration with Global Network Partners
- New Zealand.
Global Network Collaboration