To address inequality, companies should put human rights at the core of how they do business

This piece was originally published by the Business Commission to Tackle Inequality

According to the 2022 World Inequality Report, the richest 10% of the global population takes 52% of global income and owns 76% of all wealth, while the poorest half of the population earns just 8.5% of global income and 2% of wealth. There are many historical, structural and political causes of such high levels of inequality. But one important factor is undoubtedly the role that business has played – over decades of globalization and deregulation – in externalizing costs and risks onto the most vulnerable workers, communities and consumers.

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