Social inequality and environmental injustice have become endemic features of our broken system of capitalism. From the corporate perspective this has relied on shareholder primacy where, as Milton Friedman stated in 1970, ‘The social responsibility of business is to increase its profits’.
SustVox believes in a different way, to promote Ethical Economics where stakeholder primacy has greater value; building mutual obligations and shared values.
For many decades CSR has been used as a tool to engage corporate philanthropic generosity – a vain attempt to help mitigate the negative impacts on society and the environment. We believe profitable business can act as a robust vehicle for sustainable outcomes but within a contemporary design of how a corporation works, one where stakeholder primacy offers a solution to inequality and injustice.