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What Companies Can Learn from World Leaders in Societal Impact
Article

What Companies Can Learn from World Leaders in Societal Impact


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Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • For Experts

Recommendation

In 2017, the Boston Consulting Group released its first report on “total societal impact,” arguing that social responsibility – not just shareholder value – should drive company strategy. Simply put, socially and ecologically responsible companies get better financial results. This follow-up report, published in 2019, highlights thriving Nordic companies that serve as role models of sustainable business practices and lends weight to the argument for corporate responsibility.

Take-Aways

  • Nordic companies lead the world in “total societal impact” (TSI) due to visionary leaders and influential and sympathetic external stakeholders.
  • Nordic firms actively lead and collaborate for better TSI and build it into their core business.
  • Nordic firms publicly report on environmental, social and governance matters.

About the Authors

Douglas Beal, Fredrik Lind, David Young, Matias Pollmann-Larsen, Adam Alagiah-Glomseth and Ingrid Lundestad are professionals with the Boston Consulting Group.