The term sustainability is applied as the responsibility of enterprises for their impacts on society. In this context sustainability is about the integration of social, environmental, ethical, human rights, consumer concerns and financial performance into business operations and strategy in collaboration with stakeholders, with the aim of: Identifying, preventing and mitigating any possible adverse impacts of business’ actions on the environment and society while maximizing societal benefit.
We all can see it happening before our eyes: Despite the Paris Climate Agreement to a climate trajectory of ‘well bellow’ 2 degrees (hence where the 1.5C number stems from) – the trajectory is not anywhere near that number. The Inevitable Policy Response (IPR) is the response by governments and legislators around the globe in taking action – hence enacting laws – in line with the 1.5 Degree climate goals.