From Corporate Citizenship to Corporate Statesmanship

Sustainability - Thomson Reuters

Georg Kell is Vice Chairman of Arabesque and Founding Director of the United Nations Global Compact. Martin Reeves is a Senior Partner of The Boston Consulting Group and Director of the BCG Henderson Institute

Low growth and high uncertainty across the globe make the current environment for global businesses far from ideal. More critically however, the political will and public support for open markets is waning. Nationalism and skepticism towards free markets are both on the rise.[1] They undermine globalization, a major driver of wealth creation in the post-war era. At the same time, they also threaten to jeopardize another key driver – technology – the advancement of which is becoming increasingly colored by people’s fears of social dislocation.