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Climate change, environmental issues and sustainability are topics of significant importance in the modern world. By halting global warming and mitigating its impact, Europe hopes to become the first climate-neutral continent by 2050. 

With Europe’s latest development policy, namely the Green Deal, there is a great expectation and movement towards circular economy and bioeconomy. At the same time, companies’ actions have a major impact on citizens’ lives in the EU and around the world and EU citizens expect from businesses to be aware of their positive and negative effects on society and the environment. Consequently, companies are obliged to handle and minimize any negative consequences they may cause, and this obligation is commonly known as Corporate social responsibility’ (CSR). 

For decades, an increasing number of large entities are acting on CSR activities, however, only in the last years, public attention and government actions to promote CSR have begun to concentrate on the majority group of SMEs. The growing knowledge of climate change and its causes, demands that businesses consider environmental impacts across their value chain while, the 2030 Agenda for Sustainable Development and adoption of the United Nations Sustainable Development Goals (SDGs) in 2015 now guide the world’s approach to sustainable development.