Begin typing your search above and press return to search. Press Esc to cancel.
What we are reading

How BlackRock created new urgency for social purpose

Companies can no longer avoid the need to identify and articulate a purpose that goes beyond making money.

Corporate trust and the development (or loss) of social licence is a hot topic for Australian corporates, and with major investors demanding companies do more this looks set to continue.

Chief among the blue-chip agitators is BlackRock, with CEO Larry Fink demanding corporates explain how their organisations contribute to society.

Here’s what he said in a letter sent this year:

“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society … Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders”.

It’s a trend we will be watching closely.

Read the full article at: mslgroup.com