Profile Photo

James Favaoffline

  • 0


  • 1


  • 1.5K


  • Profile picture of James Fava

    James Fava

    6 months, 2 weeks ago

    From Purpose to Action
    As a follow-up to the recent Business Roundtable Statement on the Purpose of a Corporation recognizes that companies have responsibility to a broad range of stakeholders – such as customers, employees, suppliers and the environment – on par with their responsibility to shareholders. WBCSD welcomes the commitments laid out in the statement aimed at making society more inclusive and resilient. However – as with all such statements – the challenge is making them actionable.
    The time has come to accelerate the transition to a sustainable world where business and the capital markets contribute to a flourishing society and managing a company within the boundaries of the planet is the norm.
    According to WBCSD President Peter Bakker, ‘for the statement of purpose to come alive, companies will need to do three things:
    1) Adopt an integrated approach to performance management,
    2) Move to an integrated enterprise risk management system,
    3) Review and adapt their board governance.’

    From my perspective, we are truly in a period of ACTION at all levels. Still the challenge for all commitments is turning them into actions and improved performance. As we advance the use of life cycle information into policy and decision making, actions will be key to success.

    liked this

Member Status

FSLCI Member Status


Group logo of FSLCI Members
FSLCI Members
Private Group
Group logo of Marine Litter and LCA
Marine Litter and LCA
Public Group


©2020 Forum for Sustainability through Life Cycle Innovation e.V. | Contact Us | Legal Info


If you would like to get in touch with us, please feel free to send us a message. Thank you very much in advance.


Log in with your credentials


Forgot your details?

Create Account