A United Nations report says that a new alliance is emerging between progressive businesses and civil society actors working to create the sustainable society they want to operate in.
A survey of more than 5,500 business leaders revealed that companies are engaged in a variety of activities outside traditional business practices, including tackling food waste, introducing low carbon transport into cities and reducing ocean pollution.
The survey data shows that business leaders are perceived to be the new advocates for systemic changes, alongside civil society.Progressive businesses are working for the society they want to operate in.
The report by the UN Global Compact, certification body DNV GL, and Scandinavian think-tank Monday Morning Global Institute said that a new alliance is emerging between progressive businesses and civil society actors who hold similar sustainable goals.
“This is not motivated simply by altruism, but rather by an increasing recognition that social risks are detrimental to the bottom line and may present business opportunities in addressing them,” it says.
This type of partnership can be seen in initiatives such as the Paris Pledge for Action, which saw 400 businesses align with international NGO’s to commit to the principles of the Paris agreement. Schemes like WWF’s Corporate Renewable Energy Buyers’ Principles also see businesses and NGO’s sharing information to facilitate sustainable development.