THE BROAD VIEW
·
SUBSCRIBERS

Seven years, four areas, one chance

Expectations of businesses to tackle our global challenges have been mounting, but in response, have they stepped up or back? Will they play the role of hero or villain, and where should they focus?

    • If businesses are to step up to survive today and thrive tomorrow, they need to have inspiring, visionary leadership that drives transformative change.
    • An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, US, March 18, 2023. There needs to be an urgent transition away from business approaches that are exploitative and extractive.
    • If businesses are to step up to survive today and thrive tomorrow, they need to have inspiring, visionary leadership that drives transformative change. ILLUSTRATION : PIXABAY
    • An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, US, March 18, 2023. There needs to be an urgent transition away from business approaches that are exploitative and extractive. REUTERS
    Published Fri, Mar 31, 2023 · 10:00 AM

    I’d be foolish to tell you that I thought my kids are going to enjoy a planet that is remotely the same shape as the one I’ve enjoyed in my life… …I think we have lost the right to be pessimistic and just sit around and say, ‘I guess this isn’t going to work out’.” – Ryan Gellert, CEO, Patagonia

    WHEN I read these words from an interview with Ryan Gellert, it highlighted the need to be both crystal clear about the polycrisis humanity faces—defined by the World Economic Forum as a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part—and also the imperative to use this as a wake-up call to fundamentally transform how our societies and our economies work.

    With the future of civilisation in the balance in what is undoubtedly the decisive decade, now is not the time to sit on the sidelines or fall into despondency. As calls for businesses to step up intensify, what role are they playing? How can they respond?

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services