Sustainable Business - Workshop 2 - Social Sustainability

Sustainable Business Overview

• Defined by the Brundtland Report: Development that meets present needs without compromising future generations' ability.

Sustainable Development Goals (SDGs)

• Interconnection of business, society, and environment.

• Key challenges: Conceptualization, Implementation, Evaluation.

• Solutions: Transformative learning, Morally courageous leadership, Robust partnerships.

Actions for Sustainable Business

• Business actions:

  • Redesign products/services.

  • Promote responsible consumption.

  • Repurpose marketing mix.

  • Reorganize business functions.

• Government actions:

  • Regulatory policies.

  • Reform measures.

  • Promotional programs.

  • Participative partnerships.

Modern Slavery and Sustainability

• Approximately 49.6 million people live in slavery.

• Major forms include:

  • Human trafficking.

  • Forced labor.

  • Debt bondage.

  • Child slavery.

  • Forced and early marriage.

• Survey insights for positive change on modern slavery.

Sustainable Business Models

• Aim to maintain or regenerate natural, social, economic capital.

• Focus on innovation and holistic perspectives on business operations.

• Creation of positive value for all stakeholders.

Business Model Canvas

• Key components:

  • Key Partnerships

  • Key Activities

  • Value Propositions

  • Customer Relationships

  • Channels

  • Revenue Streams

  • Cost Structure

• Map fast fashion businesses and analyze environmental/social impacts with recommendations for sustainability redesign.