Innovation, Collaboration and Purpose: Three Lessons from the Pharmaceutical Industry to Strengthen the Global Health System
The last decade has seen substantial changes in how the pharmaceutical industry perceives its role in expanding access and affordability of pharmaceutical products, such as therapeutics, vaccines and diagnostics, and in working with governments and civil society organizations to tackle global and community health challenges. Public opinion as well as changing stakeholder expectations, including among […]
Seminar Video: What is Driving the Purpose Debate?
Ben Kellard Director of Business Strategy at the Cambridge Institute for Sustainability Leadership (CISL). Ben leads CISL’s business strategy advisory work. He has a passion for shaping organisational purpose and strategies that unlock people’s desire to improve their own and others wellbeing, while sustaining the environmental systems the organisation relies upon. Doing so prepares organisations […]
5 lessons from the pandemic: Agility, clarity, and sincerity define game play today
The most successful businesses continuously evolved to stay relevant and remain competitive. Yet sometimes it takes a crisis to jolt our best intentions into action. Whether that crisis affects a business, an industry or, in the case of the novel coronavirus pandemic and the systemic problems it has exposed, the world, it’s essential to reflect […]
Integrated Corporate Governance: Six Leadership Priorities For Boards Beyond The Crisis
The Covid-19 crisis is accelerating a shift toward a more integrated approach to corporate governance that has been gathering force for some time. The pandemic has put people’s lives, livelihoods and learning at the center of the public policy and business response in almost every country and industry sector. It has dramatically underscored the need […]
The post-Covid-19 world presents an opportunity for better business, but will it happen?
The global outbreak has not only exposed the frailty and complexity of human needs, but also how quickly they can evolve – and thus how quickly organisations must adapt to keep up. Without diminishing its devastating impact, if this crisis has a silver lining, it is the opportunity it provides businesses to prepare for a post-pandemic world: […]
The Urgency of a New Social Contract
In the United States, the crisis we are experiencing has laid bare the failure of the current social contract in many ways: the lack of access to healthcare owing to the tying of health insurance to paid employment; the extreme vulnerability of gig-economy workers to a sudden downturn of business; and for many workers, the absence of paid sick leave, inadequate childcare, and insufficient unemployment […]
Shaping a Sustainable Post COVID World: 5 Lessons for Business
Today we have the acute Herculean task to protect the lives of 100,000s, the health of millions and the livelihoods of billions. Nothing should detract us from winning this war. But as we fight it we should seize the chance too to create a new, more resilient, healthy, equal society that lives in equilibrium with […]
How Business Can and Should Solve Social Problems
The coronavirus crisis is a major and imminent social problem. But, unfortunately, it’s far from the only social problem that the world in 2020 faces. Climate change, income inequality, population growth, resource usage, the displacement of workers through automation – the list is endless. Who should solve these social problems? We typically look to governments […]
The Real Meaning of ‘Business with Purpose’
‘Business with a purpose’. ‘Stakeholder capitalism’. ‘An economy with a conscience’. These are the catchphrases I hear on everyone’s lips this week at Davos. We could certainly do with stakeholder capitalism. Capitalism’s great engine of growth has also become one of obscene inequality. This week Oxfam revealed that the world’s billionaires own more wealth than 4.6 […]
Why ESG is Core to Long-Term Success in Venture Capital
Successful VC-backed companies have the potential to create large numbers of jobs and deliver impactful services. This is particularly true in emerging markets where the technology-enabled firms targeted by VC investors can leapfrog market constraints to enable large-scale access to essential products and services, including to under-served groups, and create a path into the formal […]
The Triangle That Will Fix Capitalism
It is remarkable how the agenda in this 50th edition of the World Economic Forum (WEF) Annual Meeting has shifted towards calling for a move to stakeholder capitalism, as issued by Klaus Schwab in the new Davos Manifesto. The theme of the 2020 forum itself is: “Stakeholders for a Cohesive and Sustainable World”. How do we get there […]
The Company of the Future Must Do Well by Doing Good
The world has got richer, but one billion people still go to bed hungry. Helping society should be a core part of business, not an add-on. A multistakeholder approach ensures long-term success. In the past 50-100 years, we have created immense prosperity. In 2019, global GDP is expected to reach almost US$ 90,000 billion, compared to […]
10 Trends That Should Be on Your Board’s Radar
Ten things that caught my attention on the topic of business and social impact: 1.Climate change goes social: Global CEOs rank it as the biggest threat to business. But it has taken Greta Thunberg leading six million people to strike for the climate on one day to generate a feeling of real action. The global […]
Raising the Purpose Banner (Again) is Only the Start
It’s great to see my partners @MartinJenkins and their clients in New Zealand making strides forwards (see here). It is progress when communications and CSR (Corporate Social Responsibility) teams unite under the purpose banner*. But to deliver sustainable success for all it is critical that Executive Teams and their Board’s grasp the initiative and hot-wire purpose into […]
Most Brands’ Support Of Causes Is Not Breaking Through To Gen Z
Despite an influx of consumer brands more publicly supporting social cause platforms, most efforts are not resonating with Gen Z, according to a new study released Wednesday from DoSomething Strategic, the social impact consulting arm of DoSomething.org that helps brands engage young people around their purpose. Cause is Working, Your Marketing Isn’t: A Report on Brands Taking Stands 2019 found […]
Business as Usual – Or Business with Purpose?
While the debate on business’ social and environmental impacts (both positive and negative) is not new, when the CEO of Blackrock, one of the world’s largest investors, and the head of Oxfam International are both talking about the potential for business to help achieve inclusive and sustainable development, it feels like we’re at a tipping […]
The ‘Purpose Paradigm’: Solution or Scam?
In his recent interview at the BSR Conference 2018, Anand Giridharadas, author of “Winners Take All,” questioned the ability of sustainability professionals to change the world. “The kind of do-gooding, philanthropy, CSR, impact investing, social enterprise…that are essentially within a market frame”, he argued, “are intrinsically limited because..they are about changing the world in ways […]
High ESG Standards in Logistics for Economic Development
The logistics sector in India presents an opportunity for impact focused investors. It’s a vital, enabling industry that is essential to the many manufacturers in the industrial parts of the country. However, the network is expensive and inefficient. For example, logistics costs the equivalent of 14 per cent of GDP – compared with 8-10 per […]
Business Must Stand Up as a Champion of Progressive Values
Recent events in the US and UK have reminded me of a love story. When I was 12, I vividly remember my grandmother telling me the story of how in her early 20s she met and fell in love with my grandfather. But theirs was no ordinary love story. You see, she was an Anglo-Irish […]