Giving Compass' Take:

• Amitabh Behar argues that business with purpose not only meets the crises of our time but fosters an exciting future designed to serve the principles of human dignity and of justice.

• How will the onset of more impact-driven companies change the landscape of social good? How will it impact philanthropy?

• Read more about why consumers and workers choose purpose-driven organizations.

‘Business with a purpose’. ‘Stakeholder capitalism’. ‘An economy with a conscience’. These are the catchphrases I hear on everyone’s lips this week at Davos.

We could certainly do with stakeholder capitalism. Capitalism’s great engine of growth has also become one of obscene inequality.

This week Oxfam revealed that the world’s billionaires own more wealth than 4.6 billion people, 60 per cent of the world’s population. This takes place in our world in which nearly half the world live on less than $5.50 a day, according to the World Bank.

Inequality is spiraling out of control for all to see. The world is burning. It’s a booming time for billionaires.

But there is hope – real hope, real action, emerging from business, well-beyond the smart spin of the Davos that shows a different way.

An alternative business movement is emerging as a global phenomenon. It is an idea of its time, that we at Oxfam have humbly played our part in advocating for.

These alternative businesses share a common raison d’être that goes beyond solely making profit for their shareholders.

Read the full article about 'business with purpose' by Amitabh Behar at Eco-Business.