Skip to main content
Default Image

Study reveals how 'stakeholder capitalism' fails to live up to promises as corporations continue putting profits over people

Redesigning the enterprise Aligning finance with people and planet

Proponents of a genuinely just and sustainable society like Marjorie Kelly, executive vice president of The Democracy Collaborative, have criticized the BRT statement while arguing that what’s known as the triple-bottom-line approach to business—people, planet, and prosperity—is a step in the right direction.

Kelly cautioned against viewing companies’ simultaneous pursuit of multiple interests as inherently disingenuous, pointing to “national brands as diverse as Ben & Jerry’s, Amalgamated Bank, and King Arthur Baking” that govern themselves according to formal commitments giving “social and environmental benefits equal standing with profit goals.”

One key to differentiating the mission-driven enterprises truly committed to the creation of an equitable and ecological economy from those corporations for whom social responsibility is a marketing ploy is to analyze the gap between rhetoric and practice, Kelly argued.

Read the full article at AlterNet.

Read the full article at The New Hampshire Gazette.

 

 

Publication date: 2020-09-23
Publisher: AlterNet
Publication URL: Study reveals how 'stakeholder capitalism' fails to live up to promises as corporations continue putting profits over people

More related work

Default Image

Healthcare as a public service: Redesigning U.S. healthcare with health and equity at the center

The Veterans Health Administration—the country’s only fully public, integrated healthcare system—has a lot to tell us about how a national healthcare service for the United States might operate.

read more
Default Image

This must be the year of climate action—we've wasted so many

The climate issue has grown too large and devastating to ignore. We need the demand for action raised to the highest decibel our civil society can generate.

read more
Default Image

The case for investing in employee ownership

For many years now, conventional solutions to income and wealth inequality—minimum wage, unions, progressive taxation, or guaranteed income—have failed to gain enough momentum to reverse the trend of greater and greater accumulation among the already well-off. What if we added a new approach

read more