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The social and economic impact of the financial crisis in 2008 galvanized a growing movement of citizens and business leaders who wanted companies to be more socially and environmentally responsible.
Companies that want to develop their business and survive now need to pay attention to the three key issues – social inequality, the social impact of their products and services, and the impact they have on the environment.
Integrating sustainable innovation, inclusive growth, as well as social and environmental impact into their corporate strategy, now makes real business sense. This shift in mindset can open up opportunities for companies to innovate differently and achieve economic growth. It can also be a major source of competitive advantage.
This white paper draws on the insights and expertise of professors from the Society & Organizations Center at HEC Paris. They address the following topics in order to help managers strike the right balance between positive social impact and economic performance:
1. From Inclusiveness to Innovation
2. Meeting the Challenge of Sustainability
3. Acting Together – The Role of Regulation
4. The Cost of Change – Can Finance be a Force for Social Good?
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