Platform for African – European Partnership in Agricultural Research for Development

Tuesday, February 4, 2025

How Business Can Support Sustainable Development

Homi Kharas, Koji Makino, John W. McArthur, and Jane Nelson (2025) For the World’s Profit. How Business Can Support Sustainable Development 278 pp.

This book argues that the world is at a key juncture for considering how the targeted pursuit of business profits can better add up to the world’s profit, broadly defined.

The edited volume brings together a remarkable array of distinguished corporate, investor, government, academic, and nonprofit perspectives to reflect on the issues. The authors tackle such questions as how businesses can work more effectively with governments, financial institutions, and civil society to mitigate their own enterprise risk alongside risks to people and planet; how private resources, innovation, and networks can be mobilized to create value in solving major social and environmental challenges; and what types of accountability structures are needed to set boundaries, provide oversight, and create positive incentives for business performance.

Their perspectives offer insights into how sustainability can be introduced into business practices, finance and policymaking in a way that expands market opportunities and accelerates progress toward global sustainable development.

Related: Profit and purpose: Aligning business for a sustainable future

10 January 2025. The Center for Sustainable Development at Brookings launched the book’s publication with an overview and panel discussion of key themes. 
  • The event discussed actionable strategies for aligning business goals with global priorities, notably the Sustainable Development Goals (SDGs), against the backdrop of a rapidly shifting landscape of sustainability standards and policies. 
  • It shared insights on how business leaders, financial actors, policymakers, and regulators can contribute to an ecosystem where the targeted pursuit of business profits can better add up to the world’s profit, broadly defined.

 

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