Faculty and Europe’s business leaders sit with the Institute for Business in Global Society’s Barbara DeLollis to explain why transforming entire business models—not just individual products—is essential for long-term sustainability. This conversation explores how our economic systems must evolve to properly value nature and social well-being, moving beyond GDP as the primary measure of success toward an impact economy.

Key takeaways:
Systems change requires transforming interconnected elements rather than addressing isolated needs
Climate challenges demand simultaneous changes across multiple business practices
Businesses must transition to sustainable models or face increasing regulatory constraints
Our economic system currently fails to properly value nature and social well-being
The future "impact economy" will center on delivering long-term stakeholder value

Timestamps:
0:00 - Understanding systems change in business
0:23 - How climate issues are interconnected systems
0:43 - The role of academics in business transition
1:04 - Example: Food industry regulation and health impacts
1:47 - Our economic reliance on nature
2:03 - Problems with GDP as a measure of prosperity
2:40 - Moving toward a new economic understanding
3:22 - Business evolution toward an impact economy

From Harvard Business School’s exclusive roundtable to global access, get the resources here: bit.ly/4i8KKg5