Pavan Sukhdev, former Special Adviser and Head of United Nations Environment Programme’s Green Economy Initiative, is currently on tour promoting his new book, Corporation 2020: Transforming Business for Tomorrow’s World. Mr. Sukdev has decades of experience in the banking sector dealing with lesser developed economies and international environmental issues. His new book highlights the failings of the current market-centric economic model and argues for a new, sustainable path for corporations.
Corporation 2020 investigates specific problems with the current state of international economic organization, such as the widening gap between the rich and the poor, degradation of the global environment, and the heightened prospect of future recessions. Much of this, Mr. Sukhdev argues, is due to the “business-as-usual” system of corporate activity. Some of the failings of this system include perverse subsidies for environmentally-damaging activities, such as resource extraction and unsustainable farming, and the growth of industries to the point where they become “too big to fail.” Mr. Sukhdev, with his wealth of experience in the international economy, believes that the corporate world can be restructured with dramatic effect.
In Corporation 2020, Mr. Sukhdev begins with a history of the corporate model in order to ground his argument. He then details the path to change for the corporate system. He envisions a system in which corporations will generate human, social, and natural capital alongside financial capital.
Corporation 2020 is available through Island Press.