A new study from sustainability consultants KKS Advisors and The Test of Corporate Purpose (TCP), a new initiative to examine the efficacy of corporate “commitments” on social inequity, have issued an early report card on the state of stakeholder capitalism. It purports to be the first serious examination of the real world impacts of the still nascent movement to align profit to purpose, as described by the revised corporate “mission statement” announced by The Business Roundtable in 2019.
Let’s just call the grade an “incomplete.”