While many companies have embraced responsible business practices, something new is on the horizon: calls for redefining capitalism itself. And among the loudest are coming from some of the world’s most prominent business chiefs. These leaders argue that taking corporate strategies beyond the financial bottom line to the needs of society and the planet benefits the business and its investors. None of this will be easy. Traditional approaches such as CSR and ESG (environmental, social and governance) will not suffice. Companies need to identify their core impacts, both social and environmental, and decide which operational and strategic shifts can make the biggest impact on all stakeholders.
What does this mean for business and what underlying systems and structures need to change to put capitalism on a more inclusive path? Given the current uncertainty and the impact on the global economy, can companies truly prioritize stakeholders? Is it hard to be a responsible business in a time of crisis? How can companies balance both profit and purpose? These questions will be raised at the FT Moral Money Summit.
The one-day event brings together an elite cohort of leading companies, employer representatives, consultants, board members, investors and others. Hosted by FT Moral Money, the weekly newsletter and trusted guide to developments in socially responsible business and sustainable finance, the agenda will explore the key issues leaders face in transforming in their business models and ask what more is needed to shift to a form of capitalism that benefits not only shareholders but the whole of society and the planet on which we depend.