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Purpose 360 episode 161

Predicting Purpose in 2024

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In the ever-evolving business landscape, the state of purpose has faced significant challenges over the past year, many that have led to troubling ramifications. The politicization of the term “ESG” has caused companies to scale back their sustainability investments; an increasing number of DEI commitments and positions have also been reduced; and tensions between countries and political groups around the world continue to grow.

And yet, the desperate needs of our planet and society are only intensifying and demanding more urgent action. And so, a pressing question arises: How can businesses continue to balance their commitment to purpose?

We invited three purpose leaders to shed light on this crucial topic as we enter 2024. David Casey, Chief Inclusion and Social Impact Officer at Tapestry; Caryl Stern, Chief Impact Officer at LionTree and former Executive Director of the Walton Family Foundation and President & CEO of UNICEF USA; and Andy Pharoah, Vice President of Corporate Affairs and Sustainability at Mars, provide key insights into the needs of purpose in 2024 and offer valuable advice on how businesses can continue advancing purposeful impact despite barriers on the horizon.

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Business is an unlikely hero: a force for good working to solve society's most pressing challenges, while boosting bottom line. This is social purpose at work. And it's a dynamic journey.

Purpose 360 is a masterclass in unlocking the potential of social purpose to ignite business and social impact. We illuminate the growing impacts of purpose, from engaging employees and fostering deeper consumer loyalty to inspiring product innovation and increasing market share.