Governance & Policy
Purpose-Driven Business
A business that defines its reason for existing as creating value for society and environment, not solely maximising shareholder returns.
Definition
A purpose-driven business articulates a corporate purpose beyond profit — a reason for existing that anchors strategy in creating value for stakeholders, society and the environment — and seeks to embed that purpose in governance, incentives and operations. The concept ranges from benefit corporations and mission-locked ownership structures to conventional companies adopting stakeholder-oriented purpose statements.
Overview
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