Millennials and President Trump Are Making Companies Better Corporate Citizens (Fortune)


Pretty much any major corporation will tell you they’re accountable to more than just shareholders these days. They also say–whether it be due to genuine concern, a bid to protect reputation, or a business-savvy appeal to millennials–that they answer to society, and they’re accordingly pursuing more sustainable ways of doing business.

Gabriela Ramos, chief of staff and sherpa to the G20 for the Organization of Economic Cooperation and Development, says this is how it should be. “The reality is, the challenges we’re facing call for a joint effort of public and private sectors–everyone who can contribute needs to contribute,” she said, speaking at Fortune’s Most Powerful Women International Summit in London Tuesday afternoon. Ramos, who had recently returned from a “discouraging” G-7 conference, noted that globalization has not delivered prosperity to everyone. Beyond its winners, the internationalization of the economy has bred inequality, distrust in institutions, and a toxic political environment. She says this less-than-ideal status quo presents the “business case for sustainable ways of growing.”

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In the midst of a global pandemic, Apple announced one of the corporate world’s most ambitious environmental blueprints – to reduce the climate impact of every Apple device to net zero by 2030. The plan involves cutting 75 per cent of the company’s existing carbon footprint, not only for its own business but also across the manufacturing supply chain and product life cycle.

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