IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-3-030-56344-8_8.html
   My bibliography  Save this book chapter

Business’ Role in a Changing Society. Key Steps to Deliver a Purpose-Led Strategy that Responds to Climate Change and Social Inequality

In: Corporate Sustainability in Practice

Author

Listed:
  • Charlotte Wolff-Bye

Abstract

Climate changeClimate change and inequality are rearing their ugly heads, and the purposePurpose of business is under question. Business seeks meaning in delivering sustainabilitySustainability ambitions. Climate changeClimate change and inequality, further exacerbated by the COVID-19 pandemic, create seemingly unsurmountable challenges to business. At the same time, public sentiment and consumers call for a more sustainable world. The Paris AgreementParis Agreement and United Nations Sustainable Development GoalsSustainable Development Goals set out time-bound ambitions to prepare and deliver a better future by 2030. Expectations on business have never been greater. The purposePurpose of this chapter is to examine changes in societal norms and how this contributes to a new strategic context for business. Examples are drawn from leading business practice on how an organisation can navigate the “new normal” of great societal need, inform strategyStrategy, prepare and deliver the needed change. Consideration is also given to the growing acknowledgment of the merits for business to adopt a socialSocial purpose purposePurpose and commitment to serve broader sets of stakeholders, in addition to shareholders.

Suggested Citation

  • Charlotte Wolff-Bye, 2021. "Business’ Role in a Changing Society. Key Steps to Deliver a Purpose-Led Strategy that Responds to Climate Change and Social Inequality," Management for Professionals, in: Paolo Taticchi & Melissa Demartini (ed.), Corporate Sustainability in Practice, chapter 0, pages 127-141, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-030-56344-8_8
    DOI: 10.1007/978-3-030-56344-8_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-3-030-56344-8_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.