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.
Listen for insights on:
- How to convince your CFO to champion purpose
- How purpose-driven firms outperform peers in profitability and growth
- Why doing good is the smartest growth strategy today
Resources + Links:
- (00:00) - Welcome to Purpose 360
- (00:13) - Meet Steve Rochlin, Impact ROI
- (02:30) - Steve’s Background
- (04:40) - Project ROI 2015
- (06:10) - Project ROI 2025
- (08:59) - Key Findings and Data Points
- (14:51) - Two to Three Key Points
- (16:26) - Changing Minds
- (18:24) - Fit, Commit, Manage, and Connect: Fit
- (19:15) - Fit, Commit, Manage, and Connect: Commit
- (20:49) - Fit, Commit, Manage, and Connect: Manage
- (21:45) - Fit, Commit, Manage, and Connect: Connect
- (23:32) - What to Do Next
- (26:09) - Last Words
- (28:21) - Wrap Up
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