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A sustainable business, or a green business, is an enterprise which has (or aims to have) a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line.
The European Investment Bank's Investment Survey also found that Western and Northern European firms are more likely to invest in climate mitigation. [1] [2]Business action on climate change is a topic which since 2000 includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol.
Seven principles of a successful social business were developed by Muhammad Yunus and Hans Reitz, the co-founder of Grameen Creative Lab: [8] Business objective will be to overcome poverty, or one or more problems (such as education, health, technology access, and environment) which threaten people and society; not profit maximization.
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Senate Bill 375 was introduced as a bill in order to meet the environmental standards set out by the Global Warming Solutions Act of 2006 (AB 32). Since its implementation in 2006, AB 32 has facilitated the passage of a cap-and-trade program in 2010 which placed an upper limit on greenhouse gas levels emitted by the state of California.
SB 1383, officially named California's Short-Lived Climate Pollutant Reduction Law, was passed in 2016 by Governor Brown as an effort to reduce methane emissions released from decomposing organic waste. [56] Methane is one of four well-known short-lived climate pollutants.
The California Global Warming Solutions Act of 2016: emissions limit, or SB-32, is a California Senate bill expanding upon AB-32 to reduce greenhouse gas (GHG) emissions. The lead author is Senator Fran Pavley and the principal co-author is Assemblymember Eduardo Garcia. SB-32 was signed into law on September 8, 2016, by Governor Jerry Brown. [1]
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