08.23.19
New Coalition Looks to Align Business Goals with Impact Investing
by: Hazel Bradford
A coalition of global leaders and businesses said they are launching a new initiative aimed at aligning business interests that can also deliver social impact. The 34 leading international companies joining the Business for Inclusive Growth initiative will work with the Organization for Economic Cooperation and Development, whose chairman, French President Emmanuel Macron,is expected to promote the initiative at the upcoming G-7 meeting in Biarritz, France. Nigel Wilson, CEO of Legal & General, one of the participating firms, said, "Delivering shareholder value and furthering social progress are not mutually exclusive. It is the opposite — for companies to prosper in the long term, it is imperative that they be socially as well as economically useful."
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