In the decade ahead, Australia and the world will face environmental, social and financial challenges of an unprecedented scale. These include tensions between economic growth and environmental degradation, a need to dramatically reduce greenhouse gas emissions in response to climate change, and pressure to improve social inclusion and equity in a world of significant poverty and inequity. Businesses are clearly key players when it comes to responding to these challenges, but can businesses look beyond their short-term bottom line and better balance their economic needs with social and environmental priorities?
In focusing on these issues, recently the University of Sydney Business School launched its Balanced Enterprise Research Network (BERN) which explores how business in particular, can better balance economic, environmental and social concerns and improve the well-being of a wide range of stakeholders, including employees, communities and society more generally.
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