Revolutionizing Business with Humanity

December 2021
Wharton School of the University of Pennsylvania

Introduction

Dive into the heart of corporate change with "Beyond Business: Humanizing ESG" from the Wharton School. It's not just about profits anymore; companies are waking up to the social side of business, prioritizing people over pages of financial reports. From addressing wage inequality to championing workers' rights, learn how savvy execs are reshaping their strategies for a fairer future. This isn’t your typical business talk – it’s a revolution in making, streamed live for the world to see. Ready to see business from a new angle?

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Why It Matters

Discover how this topic shapes your world and future

Crafting a Kinder World Through Business

In today's rapidly evolving world, the way businesses operate has a profound impact not just on the economy, but on society and the environment too. Imagine a world where companies not only strive for profits but also take care of the planet and the people living on it. This is where ESG (Environmental, Social, and Corporate Governance) comes into play, especially the "S" for social, which focuses on human aspects like diversity, equity, and inclusion (DEI), workers' rights, and wage equality. These issues matter because they affect everyone - from the employees and customers to the wider community and future generations. For you, understanding ESG could mean envisioning a future where businesses thrive by being fair, green, and responsible. It's about imagining a career where success is measured not just by what you achieve, but by the positive impact you have on the world.

Speak like a Scholar

ESG (environmental, social, and corporate governance)

A set of standards for a company's behavior used by socially conscious investors to screen potential investments.

DEI (diversity, equity, and inclusion)

Practices and strategies that promote the representation and participation of different groups of people, including people of different races, cultures, abilities, and genders.

Stakeholder

Any person or group that has an interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives, and policies.

Corporate social responsibility (CSR)

A self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Activist campaign

An effort to promote, impede, direct, or intervene in social, political, economic, or environmental reform with the desire to make changes in society.

Empirical evidence

The information obtained through observation and documentation of certain behavior and patterns or through an experiment.

Independent Research Ideas

The impact of DEI initiatives on employee performance in the tech industry

Explore how tech companies with strong DEI programs perform in terms of innovation and employee satisfaction.

Sustainable investing and its effect on market performance

Investigate how investments in companies with high ESG scores compare to traditional investments in terms of returns.

The role of corporate social responsibility in consumer behavior

Examine how a company's commitment to social and environmental issues influences consumer choices and loyalty.

Wage equality and economic growth

Analyze the relationship between reducing the wage gap and its effects on a country's economic health.

The influence of activist campaigns on corporate transparency

Study how activist campaigns have led companies to become more transparent about their employment practices and policies.

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