Tomorrow’s global companies should work with governments, non-governmental organisations (NGOs) and others to create stronger frameworks of law and regulation for the world’s markets, according to the report Tomorrow’s Global Company: challenges and choices, launched by a group of prominent business and NGO leaders.
The report argues that stronger frameworks are needed to enable companies to create wealth and shareholder value at the same time as delivering practical solutions to global issues such as climate change, persistent poverty and human rights abuses.
It says that this is particularly important at a time when the world is undergoing a period of unprecedented change, with a rising population, rapid economic growth, the spread of globalisation, pressure on the environment and continuing social, political and cultural divisions.
The report is the result of an 18 month inquiry by a team drawn from people working for businesses and NGOs based in Europe, North America and Asia. These included: ABB, Alcan, Anglo American, Amnesty International Business Group, BP, Dr. Reddy’s, Ford, the International Institute for Sustainable Development, Infosys, KPMG, Leaders’ Quest, McKinsey, Standard Chartered, SUEZ, and SustainAbility. The inquiry was initiated by Tomorrow’s Company.
The team members state that they have shared their diverse perspectives and experiences as well as trying to use learning from past mistakes to build aspirations for the future.
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