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.

Millennials and Gen Z will be the majority of the workforce in 2020. For younger generations, workplace purpose must be reflected by authentic actions. Companies can examine purpose through the lens of humans' innate psychological needs.