The bold steps business leaders must take on social justice

  • Date: 25-Jan-2021
  • Source: World Economic Forum
  • Sector:Economy
  • Country:Middle East
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The bold steps business leaders must take on social justice

A year of pandemic, protest and societal disruption has created an inflection point for many companies to evaluate corporate sustainability strategies.

There has been a concerted effort within industries to recruit and educate senior executives based on social and environmental competencies.

Business leaders should look to employ multi-stakeholder coalitions and integrated intersectional approaches.



With over 90 million cases and almost 2 million deaths worldwide, the COVID-19 pandemic has wreaked havoc on the global population as a whole. Yet it hasn't taken place in a vacuum: the disproportionate impact of COVID-19 on vulnerable communities - including black, indigenous and people of colour (BIPOC), refugees, and those living in extreme poverty - has exacerbated underlying crises impacting the health and livelihoods of people around the world, from climate change to forced migration to the wealth gap.

As these inequalities embedded within global systems have become exposed, there is a palpable restlessness for change among citizens and community leaders demanding social justice during and after the pandemic.

But those most impacted by injustice cannot be expected to undo it alone. In response to this restlessness for change within society and among shareholders, consumers and employees, corporate leaders are assessing the ramifications of