Favorable Winds for Corporate Purpose During UN General Assembly Week
By Sarah Bostwick Stromoski, Manager, CEO Leadership & Investor Engagement, CECP
As originally posted on the CECP Insights Blog
With the recent Business Roundtable statement and the Financial Times’ series on expanding corporate purpose beyond short-term shareholder value, there was plenty of momentum going into United Nations (UN) General Assembly and Climate Week. Several events and discussions addressed the private sector’s role in driving progress towards the Sustainable Development Goals (SDGs). Throughout the week, themes of increasing urgency around corporate alignment with the Global Goals, harnessing finance to shape markets towards a sustainable future, and incorporating the right policies to regulate climate-related risks in the market.
There was widespread encouragement for the private sector moving quicker, and agreement that there must be cross-sector collaboration to set more ambitious goals in order to meet 2030 emissions reduction goals. With hundreds of corporations around the globe working to embed sustainability into their strategies, the winds have changed in a favorable way.
Read CECP's full recap on the CECP Insights blog: https://cecp.me/2VmMhFQ
