The concept of value has changed over the past decade; now, there is growing realisation that a more holistic, inclusive approach to business is the way forward.
Creating shareholder value has traditionally been the primary focus of corporations. However, since the 2008 global financial crisis, the concept of value has changed. There is growing acceptance that the goal of a corporation should be to create long-term, sustainable value for all its stakeholders, while contributing to society and the environment in a positive way.
This is particularly important, as long-term business success is increasingly dependent on a well-functioning society. There has also been increasing demand for companies to improve their corporate reporting, and articulate whether their business model is sustainable. But ho
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