The Call for Global Responsible Intergenerational Leadership in the Corporate World: The Quest of an Integration of Intergenerational Equity in Contemporary Corporate Social Responsibility (CSR) Models

Abstract

Global systemic risks of climate change, overindebtedness in the aftermath of the 2008/09 World Financial Crisis and the need for pension reform in the wake of an aging Western world population, currently raise attention for intergenerational fairness. Pressing social dilemmas beyond the control of singular nation states call for corporate social activities to back governmental regulation in crisis mitigation. The following paper promotes the idea of intergenerational equity in the corporate world. In the given literature on global responsible leadership in the corporate sector and contemporary Corporate Social Responsibility (CSR) models, intergenerational equity appears to have widely been neglected. While the notion of sustainability has been integrated in CSR models, intergenerational equity has hardly been touched on as for contemporarily being a more legal case for codifying the triple bottom line. Advocating for integrating intergenerational equity concerns in CSR models in academia and practice holds advantages of untapped potentials of economically influential corporate entities, corporate adaptability and independence from voting cycles. Integrate a temporal dimension in contemporary CSR helps imbuing a longer-term perspective into the corporate world alongside advancements regarding tax ethics and global governance crises prevention. Future research avenues comprise of investigating situational factors influencing intergenerational leadership in the international arena in order to advance the idea of corporations aiding to tackle the most pressing contemporary challenges of mankind.