The world as we know is rapidly changing before our eyes. The coronavirus pandemic is a profound stress test for humanity. Many of the sustainability successes already achieved could fall victim to the crisis. The most vulnerable to the crisis are the elderly, workers in precarious employment conditions, and all the people living in countries with weak health, economic, and political systems.
Aligning profit with Purpose
What are companies for? The rules for companies have changed. The focus is increasingly on their sustainable, social, and ecological impacts. The strategic orientation toward the so-called corporate purpose is decisive for profitable growth in the future.
The Global Goals Yearbook 2018 discusses the many aspects of how private-sector engagement can be improved. Recommendations are, among other things, to revise multilateralism, partnership models, and processes as well as to invest more in trust, a failure culture, as well as metrics and monitoring.