The Shift: A New Paradigm in the Belgian Business Landscape
For a long time, there was an absolute division between non-profit and for-profit businesses, but now more and more companies are starting to combine profit and purpose, not only in Belgium but around the world.
Our world is being confronted with a cascade of crises (climate change, the COVID-19 pandemic, growing income inequality) and businesses are starting to understand the pivotal role they have to play in averting the greatest disasters. According to the Belgian CSR Network The Shift, this has resulted in a paradigm shift, which translates into an increase in the number of so-called hybrid companies and a reduction in pure non-profits and for-profits. If you want to learn more about these new hybrid business models, read the full article on the Landscape of Belgian Impact Business.
At the same time, this paradigm shift cannot be attributed solely to the idealistic motives of a business’ board of directors. If you are curious to know what else is facilitating and accelerating this new way of doing business in Belgium, read the article about the The Drivers Behind Increasing Sustainability in the Belgian Business World.