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Article

21 Jan 2014

Author:
The B Team, in USA Today

Turning businesses into social problem-solvers: Column

[T]here is one asset that business leaders at the World Economic Forum this week could usefully exploit further: the power to advance the wider interests of people and planet.…[S]ome businesses have already shown that…they can be a driving force in development, helping to achieve social and environmental ends that governments and community groups are unable to deliver alone…[S]ome companies adopted policies specifically designed to support the U.N. goals, and worked with governments and community organizations to deliver them, in particular in energy, health care, infrastructure and water…Both innovation and concerted action are needed to accelerate business practices that promote true transformation….Education in new management practices can help, as well as the measurement of environmental and social impacts, improved governance and increased transparency. Organizations such as the U.N. Global Compact and the World Business Council for Sustainable Development have also launched important initiatives that businesses can join and learn from…