Private Sector and Sustainability
FEEM, through the "Private Sector and Sustainability” project, aims to stimulate the emergence of new business models that lead companies to become strategic actors in achieving global sustainable development.
FEEM, through the "Private Sector and Sustainability” project, aims to stimulate the emergence of new business models that lead companies to become strategic actors in achieving global sustainable development. The principles of Integrated Thinking and Shared Value are the keystones for the transformation of enterprises from simple economic actors into real change makers. In this context, FEEM is carrying out a more detailed research work on the theme of the profit-non profit convergence, a form of relationship between private sector and non-profit organizations based on a strategic collaboration aimed to create social and market innovation.
The path was started with Convergence Profit – Non Profit to Achieve Sustainable Value workshop, in which Nobel Laureate Muhammad Yunus and panel of experts introduced the opportunities derived from the convergence phenomenon as effective way for business to pursue the 2030 Agenda. The findings of the workshop leaded FEEM SIS to deepen the topic through the study of the new corporate hybrid models, companies midway between the profit and non profit world. In particular, FEEM has started a research path on the Benefit Corporation, a new legal form emerging in the economic scene as the best example of integrated company, combining business and social objectives into a successful model.
Through Benefit Corporation, Integration and Shared Value event, FEEM has built the framework of the Benefit Corporation phenomenon in order to create a permanent working group that:
- studies implications and possibilities of implementation of the movement;
- promotes the spread for an economy transformation towards a shared value creation and integrated business model;
- initiates a policy making process.