It's of growing importance that companies focus on shared values, according to Raj Kumar, president and editor-in-chief of news site Devex. If the company fails to do so, it can be compelled to improve, or be punished, or even be put out of business. The "fourth sector" creates value for workers and communities and creates profit. " The sharing economy is a new way of doing business," he said. Large businesses are increasingly aware of this trend; 85% of S&P 500 companies publicised their environmental and social commitments in 2017, the Governance & Accountability Institute found.
It's of growing importance that companies focus on shared values, according to Raj Kumar, president and editor-in-chief of news site Devex. The "fourth sector" creates value for workers and communities and creates profit. "The sharing economy is a new way of doing business," he said. Large businesses are increasingly aware of this trend; 85% of S&P 500 companies publicised their environmental and social commitments in 2017, the Governance & Accountability Institute found.