More and more people are arguing that 2008 will be remembered as the year in which the business community really discovered sustainability. We read about these news every day, Apple begins to tackle its bad sustainability record, even WalMart pronounces sustainability to be a major concern.

A recent paper sponsored by BT and Sisco: ‘A new mindset for corporate sustainability’ (and available here) points at three major aspects of this shift in business mindsets.

* Boardroom commitment to sustainability helps build a framework for robust corporate governance.

* Investors are becoming increasingly receptive to sustainability.

* Sustainability offers a proven and legitimate framework for exploiting new avenues for innovation.

(via EthicalCorporation)

What will come out of this? Will the US recession trigger a new New Deal organized around sustainability and Green Capitalism? Will this be a way for the west to maintain its position vis-a-vis energy-intensive China? It’s a possibility.