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Focus Areas
Corporate responsibility is moving from the "why" to "how" of addressing global sustainability challenges. This shift requires a focus on solutions that are practical, business-relevant, and built upon both sustainability and industry expertise. Through the identified focus areas, SBA explores crucial aspects for achieving sustainable development.
Focus: Carbon Action
SBA is focusing 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 position member companies at the forefront of business in reducing its climate impact. This focus area works with businesses, governments, NGOs and other stakeholders throughout Australia to develop credible and effective tools for companies and organizations to tackle climate change - mitigation and adaptation.
Focus: Sustaining Growth
There is a "new economy movement" that is pushing for a fundamental shift away from the historical policies that have dominated our economy and society for decades. This 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. This focus area will explore what is needed to build a new economy as the first step in something much more transformative, one that can directly engage with and build local resilient economies with marginalized communities; one that can begin with ways that create immediate and tangible benefits rather than advancing abstract and distant theories.
Focus: Sustainability Counts
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, new ways to measure. value creation and "good corporate performance", the valuation of externalities, and new reporting standards to accelerate this transition to long-term sustainability, will need to be established. This focus area seeks to bring together leading business experts and other stakeholders to deepen our understanding of what the concept of shared value means in practice, to catalyze efforts to re-define what "good corporate performance" should mean in practice, and advance discussions on the most effective ways to report and reward companies across the globe.
Focus: Natural Capital
Ecosystem change presents both opportunities and risks to companies (as well as to their suppliers, customers and investors), such as operational (e.g. increased scarcity and cost of raw materials), regulatory and legal (e.g. public policies such as taxes and moratoria on extractive activities), reputational (e.g. relationships and image from media and NGOs), market and product (e.g. consumer preferences) and financial (e.g. availability of capital). This focus area seeks to build consensus, collaboration and capacity, and develop tools to assess risks and opportunities related to business impacts and dependencies on ecosystems; and also engages in the global biodiversity and ecosystem policy debate.
Focus: Resource Solutions
Effective use and management of our natural resources are a critical sustainable development challenge. Its constraints pose important risks for businesses. They also represent a big opportunity to contribute sustainable management solutions at the required scale. This focus area 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 (e.g. minerals, forestry, food, water).
Focus: People Do Matter
Business leaders increasingly recognize the crucial role employees play in driving and delivering sustainable business strategy. Companies are integrating sustainability into corporate culture and fostering "sustainable development capabilities." This focus area investigates what does this mean in practice - how can companies inform, train, equip, direct, motivate and incentivize employees in a way that is aligned with sustainability principles and creating business value?
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