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The impact economy: balancing profit and impact. Bruegel Working Paper July 2020.

Schoenmaker, Dirk (2020) The impact economy: balancing profit and impact. Bruegel Working Paper July 2020. [Working Paper]

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    Abstract

    How can governments and companies be jointly empowered to have a positive impact on the sustainable development goals? The current economic system is largely geared towards increasing economic growth. But this could come at the expense of rising social inequality and environmental degradation. This paper examines the link between economic system outcomes and corporate sustainability outcomes. We provide evidence that governments and companies can reinforce each other in their pursuit of sustainable development. Sustainable development is based on three pillars: economic, social and environmental. These pillars should be assessed and balanced in an integrated way. An impact economy, in which governments and companies balance profit and impact, is best placed to achieve the sustainable development goals.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    EU policies and themes > Policies & related activities > social policy
    EU policies and themes > Policies & related activities > economic and financial affairs > economic growth
    EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 29 Oct 2020 12:05
    Number of Pages: 21
    Last Modified: 29 Oct 2020 12:05
    URI: http://aei.pitt.edu/id/eprint/103257

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