SIB is not charity. SIB means that companies take responsibility for the impact of their business activities on people and the environment. Through SIB companies try to tackle social and environmental challenges and find new opportunities for products, services or processes. Therefore Sustainable Inclusive Business and corporates that really implanted SIB in their DNA are the same.
Sustainable business is business here to stay for the good (because the business ecosystem will sustain, which only happens because it is good, healthy and not impacting people, planet in a negative way so it can last).
1. Product or service is benefiting low-income communities, 2. Is including the community around the business into benefiting (experiencing a positive impact) of the present of the company. By jobs, or improved infrastructure, etc. 3. Having a positive impact on your human capital within the company by e.g. having a personal development plan in place, serving healthy lunch, etc.
Green economy/growth is defined as an economy that results in reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment.
Circular economy is an alternative to a traditional linear economy (take, make, waste) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life.
Link access: https://www.youtube.com/watch?v=zCRKvDyyHmI