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Jadranka Skorin-Kapov
Jadranka Skorin-Kapov

Public Documents 1
Profit versus Social Impact and Responsibility
Jadranka Skorin-Kapov
Jovher  Tagangylyjov

Jadranka Skorin-Kapov

and 1 more

December 28, 2022
The complexities of contemporary professional and business environments mandate us to discuss and then take a stance towards various issues arising in transactions between the providers of service or products and the recipients (customers, shareholders, stakeholders). Relationships include the interactions of a business with natural and man-made environments (natural resources and competition, respectively). While traditionally businesses were driven more by shareholders than stakeholders, current situation with climate change, pollution, social unrests, inequity, and globalization requires bigger stakeholders’ consideration. This trend led to creation of PBC-corporations, or Public Benefit Corporations pledging for bigger environmental and societal awareness. One of the public benefit corporations that are operating within New York State and locally on Long Island is the Long Island Power Authority (LIPA). During this research, the PSEG-LIPA representatives were contacted to get some insight information about their operations and what is the role of stakeholder considerations in their planning.

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