The most prominent argument against purpose is that doing good doesn’t actually pay off at the bottom line. For decades, and throughout Carol Cone’s career, skeptics have dismissed purpose as a “soft” strategy that is good for reputation but not for financial returns. That misconception is what Impact ROI set out to challenge. Impact ROI’s Project ROI reports have published research that links purpose to profit. And with the release of the newest edition, there is now fresh data connecting purpose to financial value.
We invited Steve Rochlin, CEO of Impact ROI, to walk us through this new research and how it can be used to make the case to leaders focused on financial returns. From revealing how sustainability leaders can see up to a 36% boost in market value and a 57% reduction in employee turnover, to outlining the “Fit, Commit, Manage, and Connect” framework that defines high-performing purpose strategies, Rochlin offers a key strategies for organizations looking to align impact with performance.
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