Let Corporate Purpose Guide You Through ESG Turbulence

In the midst of divergent ESG (environmental, social, and governance) practices between the U.S. and Europe, companies face a challenging landscape. While U.S. stakeholders push for reduced ESG efforts, European regulations demand more stringent sustainability measures. The key to navigating this complexity lies in a corporate “statement of purpose.” This statement provides clarity and direction in balancing profitability with social and environmental solutions. It helps companies address stakeholder interests, create value for investors, and navigate regulatory differences. Despite varying opinions on ESG’s impact on investor returns, a clear, stakeholder-inclusive statement of purpose can guide companies toward innovative, profitable solutions for societal and environmental challenges.

Source link: https://hbr.org/2023/11/let-corporate-purpose-guide-you-through-esg-turbulence




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