“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” Fink said in a much cited letter to CEOs. “Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”In a Deloitte Survey, fully 92% of the CEOs supported working toward the U.N. Sustainable Development Goals but only 17% already had work underway to address them by 2030.
Awareness precedes action. Now a very powerful individual is telling public companies to get their act together.