As discussed in our August 2018 client letter ‘Busting Trust(s)’ and more recently in Rejecting the highly destructive ‘shareholder first’ mentality, sustainable business models benefit not just shareholders but also other essential stakeholders like customers, employees, suppliers, community as well as the ecosystem and tax-funded infrastructure on which civil societies depend. After a dark period of deeply destructive thinking, smarter business models are now on the rise. Making sure our regulations and policies support and require this is part of the transition needed. See more in Michael Spence’s recent Project Syndicate piece The End of Shareholder Primacy?
“…an even more exciting feature of the shift toward socially conscious corporate governance is that it opens the door for new, more creative business models. Already, some of the world’s most impressive companies (in terms of returns to investors) have built business models around solving economic and social challenges.”
Some business leaders have understood the multi-stakeholder model from inception and have been working with it successfully for many years. This discussion with fashion designer Eileen Fisher offers some insight.
Fashion designer Eileen Fisher tells WSJ’s Veronica Dagher why she’s committed to sustainable fashion and what motivates her to meditate on death. Here is a direct video link.
;
