Sanjay Mohindroo

While it’s become normal in recent years to see some businesses taking proactive measures to tackle some of the world’s most pressing social and environmental challenges, it generally remains a widespread assumption that business leaders see government intervention and increased regulation as something to be avoided. But there is now a growing trend of some CEOs actively lobbying for more ambitious government action and regulation on a whole range of social and environmental issues. Nowhere is this more clear than on climate change, where dire predictions are galvanizing action in the private sector. Ultimately, long-term legitimacy, reputation and license to operate are at stake. And CEOs are realizing that private, voluntary actions will not be enough to solve the major problems we face. The scale of today’s social and environmental challenges needs government action, too.

ALT: a girl with her arms outstretched is walking down a road with cherry blossom trees in the background