Gary Steele is Group CEO of TES and a champion of a Sustainable Tomorrow.
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For many years, the sole purpose of a corporation had been defined by Milton Friedman as an effort to create the greatest profit for shareholders. Now, companies big and small are changing this. In 2019, 181 CEOs came out with a redefining statement:
“It is more critical than ever that businesses in the 21st century are focused on generating long-term value for all stakeholders and addressing the challenges we face, which will result in shared prosperity and sustainability for both business and society,” said Darren Walker, the president of Ford Foundation.
The realization is that limiting our environmental impact is directly connected to a healthy global economy. In 2019, the Climate Change Resilience Index discovered that by 2050, the global economy will be 3% smaller due to the climate change impact.
As the world battled wildfires, a global pandemic and…