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Purpose & Profit on Stage X

The world’s largest investor, Blackrock CEO Larry Fink, wrote in his 2020 letter to CEOs that “purpose is the engine of long-term profitability. . . . The importance of serving stakeholders and embracing purpose is becoming increasingly central to the way that companies understand their role in society.” Is this true? Can corporate leaders embrace a social purpose in ways that actually deliver better economic performance? This panel of Education leaders believes that purpose + profit is better than either path on its own -- they believe it is competitive and compelling to incorporate social purpose as a source of opportunity, productivity, differentiation, meaning -- and success. How has a commitment to social impact shaped these "purpose built" companies? How has it influenced decision making, company culture, goals, results? How do they measure success, for themselves, stakeholders, shareholders -- and society?

ASU+GSV 2022