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Centre for Sustainable Business
Sustainable modes of business, including meeting present needs without compromising the ability of future generations to meet their own needs, according to the Brundtland Report (1987, United Nations) and principles of Corporate Social Responsibility (CSR), are part of the Europe 2020 strategy for smart, sustainable, and inclusive growth.
Sustainability, as a principle for development, has been promoted in the global agenda since the contemplation of global complexity and the challenges that globalisation poses to governments, the business sector and society at large have moved to the forefront.
Recent economic and financial crises have proved that corporate social responsibility plays an important role in a business’s ability to react in a changing environment, as well as to reshape and innovate for new solutions, incorporating wider stakeholder groups. There is no longer the question of ‘if’ CSR is important for business operations, rather, how can CSR integration in core business strategy.
The Centre for Sustainable Business at SSE Riga (CSB) at SSE Riga was founded in 2012. Its aim is to foster a discussion in the business community as well as in society in general on sustainability. To raise the awareness of sustainability, CSB, in cooperation with its partners, provides research, teaching, training, and contributes actively to the public debate. The Sustainable Business Centre activities will cover Latvia, Lithuania and Estonia.
In order to raise the awareness of sustainable business, the CSB’s planned activities are as follows:
The Centre will integrate sustainable business into the curriculum at SSE Riga. Initially the course on Business Ethics at SSE Riga would be transformed into a course titled Sustainable Business, and delivered to undergraduates. After updating, a similar course would be offered at the Executive MBA level.
In addition, the Centre will work through SSE Riga Executive Education programmes, recognising the fact than an important mission for the Centre is to foster implementation of sustainable thinking in companies in the region. SSE Riga Executive Education will, in cooperation with the Centre as well as with international partners, develop training programmes for management in the region with a focus on CSR and CR.
To understand the business environment in terms of sustainable (as well as unsustainable) business practices, there is a need to undertake research that is applied to the Baltic context. Examples of research areas include the waste of human, energy, and environmental resources, unjust and openly illicit business practices (e.g. corruption and grey economy activities), governance, tax related behaviour, sponsorship and corporate citizenship, and corporate social responsibility (taking a stance and acting upon it).
The research will result in empirical findings, regularities and trends that will form the basis for the Centre’s various activities.
- Events/Policy activities
An integral part of the Centre’s activities will be to raise awareness of sustainable business. This requires an active communication strategy involving events such as open lectures and seminars, workshops, guest lectures, roundtables, and media activities. Events would be aligned with the release of reports, a calendar of notable dates, and current issues.
The CSB will have its own series of publications >
Activity Report 2012-20140.23 MB, pdf