Stakeholder capitalism and the future of business
Play • 26 min
Guest: Bruce Simpson, Senior Advisor to McKinsey & Co., CEO of Stephen A. Schwarzman Foundation Over the past few decades, we’ve seen the priorities of business shift. A company’s primary responsibility used to be the pursuit of profit. But now, in the age of stakeholder capitalism, we’re seeing a surge in corporate purpose. But what exactly is stakeholder capitalism, and what impact does it have on a company’s bottom line? Bruce Simpson has the answers. Bruce has worked with clients across the globe on integrating societal missions into their core business strategies – missions that are driven by companies’ customers, employees, suppliers, regulators, and broader society. On this episode of Speaking with Purpose, Bruce joins us to discuss stakeholder capitalism and how it’s changing environmental, social and governance (ESG) strategies for the better.
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