A CEMS PhD workshop entitled “Sustainability and Responsibility in Business” was organized in May 20-21, 2011 at the Corvinus University of Budapest, Hungary. The workshop introduced cutting-edge results and approaches in corporate sustainability and business ethics. Insights from behavioral sciences, positive psychology and ecological economics were applied to arrive at more a robust model of ethical and sustainable business. Working examples of progressive businesses were presented including organic agriculture, eco-gastronomy, ethical fashion and sustainable banking. The workshop was supported by the TÁMOP research program of the Corvinus University of Budapest.