Real world solutions for global challenges
Our purpose is to build trust in society and solve important problems. This, combined with our values, guides our behaviour and actions. Our infrastructure for sound governance, independence, ethics and compliance is equally important.
The market economy is the most powerful generator of social progress ever created. It has always depended on a system of rules, but now it is clear that there are major and growing challenges, which the current system is not adequately addressing - with climate change, economic exclusion and inequality among the most obvious symptoms. We have a design problem.
Market economies and business activities should be intentionally designed to deliver outcomes which support the wellbeing of people and our planet. This is not about a choice between profit and purpose - it is about making sure that profit is delivered as a consequence of purpose, a purpose which is consistent with these broader objectives.
Here are some of our leaders talking about why creating a common purpose matters.
The case for change and how we can get there
What can businesses and governments do in the face of global threats?
Collaboration between business and government is essential to combat the existential threats facing the planet. Peter Bakker of the World Business Council for Sustainable Development and PwC’s Global Corporate Sustainability Leader, Colm Kelly discuss the actions that will make a difference today.
We collaborate with the Global Solutions Initiative, which aims to align economic prosperity and social prosperity within our planetary boundaries. We contribute to the annual Global Solutions Summit that brings together leaders across government, civil society and business as part of a global problem-solving process. This year, our contributions included a panel discussion on the urgent need for systemic change to drive sustainable progress.
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An agenda for business action
PwC’s Global Corporate Sustainability Leader is a commissioner of the World Business Council For Sustainable Development’s Business Commission to Tackle Inequality, and we continue to engage on the development of the Task Force on Inequality and Social-related Financial Disclosures.
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It’s time to refocus economic and business activities on sustainable outcomes for society. Systemic change means transforming current business models and norms, introducing broader measures of success that move beyond financial outcomes such as gross domestic product (GDP) and shareholder value, focusing on life-long learning and reskilling in the workplace, and managing emerging technologies so they meet human needs.
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PwC’s Global Corporate Sustainability Leader, Colm Kelly and Peter Bakker of the World Business Council for Sustainable Development discuss the actions that will make a difference today.
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