There is increasing ubiquity in considering the ‘impact’ business has on people and places. Environmental, social and governance (ESG) issues are mapped by corporations, ‘social enterprises’ are abounding, governments are launching ‘social impact bonds’ and there is integration of ESG considerations into financial analyses by traditional investors. Even archetypal profit-focused investment banks, including Goldman Sachs and Morgan Stanley, include ESG and impact activities in their business. The notion of the social impact of business has become so mainstream that government at the highest levels – including G8 leaders and even the Pope – advocate the creation of institutions to give greater attention to driving social impact.
The rehab industry
Gareth Malone’s The Choir, staged this season with some of Britain’s most persistent young offenders, has got the nation talking about prison. It’s a debate that treads predictable lines. But the commonality of conviction rarely enters the fray. It’s an extraordinary yet little known statistic about life in Britain today: if you are a man…
The quick wins of intergenerational living
Our new government declares an interest in establishing a new era of evidence-based iconoclasm. Dominic Cummings writes that he intends to leverage the intersection of skills, fields and ideas to ‘radically improve how people make decisions in government’, and he is seeking new expertise, new approaches and ‘cognitive diversity’ to support it. This is timely. Transformative…
The new leaders
There is one viable form of leadership for our times. INSEAD’s Professor Petriglieri gives it voice when he describes ‘an individual who is willing, able and entrusted to embody, and help to realise, a story of possibility’. Consistent, lived values. Steady – and steadfast – action. Unflinching, clear-eyed belief in the power of the individual and the spirit of the collective.
The modern condition is best captured as a series of multiple, interconnecting tipping points: the Pandora’s box of cause and effect, with no knowing where the domino trail will end. These tipping points – environment, social and economic – are the tight-ropes we walk daily; some with our eyes wide open, some with them closed; the rest peeking non-committally through finger cracks, hoping the wind doesn’t change.
The citizen factory
“This progress from one of the poorest countries of Europe to one of the most prosperous has not been an accident. It’s based on this idea that when there are so few of us—only 5.5 million people—everyone has to live up to their full potential,” he said. “When people are afraid, they focus on short-term…
Halting truth decay
‘As Hannah Arendt wrote in her 1951 book The Origins of Totalitarianism, “The ideal subject of totalitarian rule is not the convinced Nazi or the convinced communist, but people for whom the distinction between fact and fiction (ie the reality of experience) and the distinction between true and false (ie the standards of thought) no longer…
The war of words
In Ibsen’s little performed play Rosmersholm – little performed because it was considered too radical for 1886 Sweden-Norway – two idealistic lovers contend with lost faith against the backdrop of a democracy hijacked by those who would twist populist rhetoric to tragic ends. Its recent revival on London stages this summer and the critical acclaim it received…
The civil war
“But the tide is beginning to change. In August, the Business Roundtable, the influential US business group, amended its two decade-old declaration that “corporations exist principally to serve their shareholders”. The Roundtable said: “While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders” —…