Arbeitspapier
The impact economy: Balancing profit and impact
How can governments and companies be jointly empowered to have a positive impact on the sustainable development goals? The current economic system is largely geared towards increasing economic growth. But this could come at the expense of rising social inequality and environmental degradation.This paper examines the link between economic system outcomes and corporate sustainability outcomes. We provide evidence that governments and companies can reinforce each other in their pursuit of sustainable development. Sustainable development is based on three pillars: economic, social and environmental. These pillars should be assessed and balanced in an integrated way. An impact economy, in which governments and companies balance profit and impact, is best placed to achieve the sustainable development goals.
- Language
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Englisch
- Bibliographic citation
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Series: Bruegel Working Paper ; No. 2020/04
- Classification
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Wirtschaft
- Subject
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Sustainable development goals
corporate governance
economic governance
social impacts
environmental impacts
- Event
-
Geistige Schöpfung
- (who)
-
Schoenmaker, Dirk
- Event
-
Veröffentlichung
- (who)
-
Bruegel
- (where)
-
Brussels
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schoenmaker, Dirk
- Bruegel
Time of origin
- 2020
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