FROM THE BLOG
Today, business leaders are developing sustainable business models to ensure the success of their companies and the societies in which they operate.
Business sustainability includes human rights, the environment, economic development, women's empowerment, and the rule of law. The idea that sustainability has multiple dimensions emerged from the Brundtland Commission's report, "Our Common Future," which laid the foundation for the current understanding of sustainability as a three-legged stool involving people, the planet, and profits. Smart businesses advance sustainability by adopting practices such as transparent sourcing and distribution strategies that are informed by consultation with local communities, are environmentally sound, and at the same time enhance business growth.
What the Center is Doing
Michael Posner co-chairs the World Economic Forum's Global Agenda Council on Human Rights. In November 2015, the council published "Shared responsibility: A new paradigm for supply chains" which promotes collective action to address the most pressing human rights issues in supply chains. The council will engage companies in the supply chain sector to pilot this new model in their core operations.
In 2014, the group spearheaded the World Economic Forum's "White Paper on Business Sustainability: What it is and why it matters." The joint statement was the product of a collective effort by seven Global Agenda Councils and sets forth an integrated view of business sustainability.
Writing and Advocacy
- "Shared responsibility: A new paradigm for supply chains," World Economic Forum Global Agenda Council on Human Rights, November 2015.
- "Why it pays for businesses to boost sustainability," Michael Posner, World Economic Forum "Agenda" blog, July 30, 2014.
- "White Paper on Business Sustainability: What it is and why it matters," World Economic Forum Global Agenda Councils, July 2014.