3 paradigm shifts in corporate sustainability marks new era of ESG

• We've entered the era of stakeholder capitalism where corporate 'purpose' is about maximizing long-term value to serve the interest of all stakeholders.
  

• The introduction of Environmental, Social, and Governance (ESG) is part of that move towards a more meaningful business philosophy.
  

• We outline three shifts from Corporate Social Responsibility (CSR) to ESG that signal the way forward for progressive leaders.

From Corporate Social Responsibility (CSR) to Triple Bottom Line (3 Ps: people, profit, planet), too many corporate acronyms sit on the side of the desk and fall short of making a lasting impact on businesses and the world. At best, they’re noble initiatives; at worst, they’re paying lip service. The biggest pitfall of corporate sustainability programmes is that they are not embedded into the core of the business to make meaningful, systemic, and long-term value creation.

Read the full article here: https://www.weforum.org/agenda/2021/09/3-paradigm-shifts-in-corporate-sustainability-to-esg/