Banner photo: Arial view over Stockholm © Ola Ericson/imagebank.sweden.se January 27, 2021
Sustainable business in Sweden
The term sustainable business is used to describe the work companies do that has a positive impact on society, the environment or the economy. Efforts to reduce emissions of carbon dioxide, promotion of equal career opportunities, and involvement with local communities are examples of sustainable business initiatives.
Swedish companies have a long history of active work in the field and is widely viewed as a pioneer. In the latest the RobecoSAM Country Sustainability Ranking (2019), Sweden was ranked first of 65 countries, based on environmental, social and governance (ESG) indicators.
Favo is one of many Swedish food-service businesses with a focus on sustainability. They deliver their food in electric vehicles, reduce their packaging and work with sustainability concepts in their menu choice.
Photo: © Sofia Sabel/imagebank.sweden.se
The environmental aspects of sustainable business are extremely broad, including areas such as paper recycling, the sustainable use of resources, minimising environmental footprints and reducing water consumption.
A term used to describe products or services that improve operational performance, productivity or efficiency while reducing costs, inputs, energy consumption, waste or pollution – is another important part of sustainable business. Internationally, Sweden continues to fare well in energy and environmental technology, coming third in the Global Cleantech Innovation Index 2017, after Denmark and Finland.