ENACTING PURPOSE INITIATIVE

EPI

Enacting Purpose Initiative – Key Partners

The Enacting Purpose Initiative is a multi-institution partnership between the University of Oxford,  Federated Hermes, WLRK and the British Academy.

Purpose, strategy and performance

Organisations are spending an increasing amount of time defining and articulating corporate purpose. While this in itself is not a simple task, it is even more challenging to authentically link statements of purpose to strategy and performance. Saïd Business School at the University of Oxford is working to research and produce practical guidance on this critical issue.

 

We are supported by a number of leading corporations and professional service firms including Federated Hermes, Wachtell, Lipton, Rosen & Katz ("WLRK"), and the senior leadership teams of around 50 global corporations from across Europe and the US. This work will also contribute to the British Academy's initiative entitled The Future of the Corporation, forming a critical part of its 2020 insight agenda.

 

Project Team

Research, Initiatives and Reports

'Principles for Purposeful Business: How to deliver the framework for the Future of the Corporation: An agenda for business in the 2020s and beyond' by The British Academy

 

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'Purpose, Stakeholders, ESG and Long-Term Sustainable Investment' by Martin Lipton

 

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Federated Hermes Website on Corporate Purpose

 

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'Davos Manifesto 2020: The Universal Purpose of a Company in the Fourth Industrial Revolution' by Klaus Schwab

 

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'Corporate Governance for Sustainability: Statement' with many signatories

 

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'Some Thoughts for Boards of Directors in 2020' by Wachtell, Lipton, Rosen & Katz

 

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EY Beacon Institute reports on Embedding Purpose

 

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"The State of the debate on Purpose in Business": EY Beacon Institute work with the University of Oxford

 

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Ten Ways Leading Companies Turn Purpose into Strategy, by EY Beacon Institute/University of Oxford

 

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Risk Management and the Board of Directors by Wachtell, Lipton, Rosen & Katz

 

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'Towards Common Metrics and Consistent Reporting of Sustainable Value Creation' by the WEF International Business Council

 

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BlackRock's Larry Fink Letter to Shareholders 2019 ('Ultimately, purpose is the engine of long-term responsibility')

 

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'What's Stopping Boards from taking Action on Sustainability', INSEAD Knowledge, April 2019

 

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'How Board Members really feel about ESG from Deniers to True Believers', HBR April, 2019