Sustainability Professionals Resilience Group | SPRG
Simply making money is no longer seen as sufficient by many.
Demonstrating purpose and social value is increasingly important.
The World Economic Forum, among others, is promoting “Stakeholder Capitalism”, with a focus on companies playing a positive role in solving global challenges and reducing inequality.
BlackRock’s (the world’s largest asset manager) Larry Fink, in his latest letter to CEOs, noted:
“The more your company can show its purpose in delivering value to its customers, its employees, and its communities, the better able you will be to compete and deliver long-term, durable profits for shareholders.”
Demonstrating purpose beyond profit is gathering momentum through concrete approaches to measuring social impact, and more significantly companies starting to put responsiveness and social duty into their legal responsibilities through initiatives such as B-Corp.
For example, Danone has recently achieved B-Corp certification of twenty-eight of its entities representing over 45% of Danone’s global sales.
But what’s at the heart of all this?
Below the level of the structured, detailed (and sometimes rather complicated) approaches of Shared Value and B Corps we believe that there is a fundamental and simple question about the social utility of an enterprise:
“Is the world a better place because we exist?”.
Join us on the 25th of February to explore this fundamental question, drawing from Terrafiniti’s thinking on the topic (developed with global NGOs and leading companies) and focussed around some simple yet powerful questions.