This series, in partnership with the National Volunteer & Philanthropy Centre (NVPC), looks at how corporate purpose can act as a waypoint and guide companies toward long-term business growth, purpose, and impact.
There are few to no companies immune to climate risks today. This is forcing organisations to rethink business plans to weather climate-related shocks. Early action and a future-focused corporate purpose could spare enterprises from the worst that lies ahead.
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Amid fresh debates about what corporate purpose should be, there is mounting evidence that corporate purpose leads to stronger brand reputation, better talent attraction and more resilience, leading to improved financial performance.
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Already a serious issue facing Asia Pacific, water security will continue to worsen in lockstep with climate change in the region. This is what Xylem is trying to solve through its mission and corporate purpose, Chong Hin Koh tells the Eco-Business podcast.
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Leadership plays a pivotal role in ensuring that a company's corporate purpose is not just words on paper but a set of actions that resonates with stakeholders and has a beneficial impact on society at large.