Do no harm
Can business operate on the concept of "do no harm"? At one point, a major corporation had that concept in their motto, but dropped it in the face of a constant drumbeat to make more profit. It is a challenge to commit to making the community better and yet not do harm. Because change may include some destruction, the community decides what is harm and what is not. We want to be doing more building than destruction.
At its core, Capitalism has the concept of "creative destruction" which describes how building the new often replaces the old. Many times, someone thinks that replacing the old is a form of destruction. The challenge is do that "destruction" while offering benefits to the whole community.
Change often includes losing something. We may need to tear down an old building to make something new or remove trees or something else. We who act do not get to decide if that is harming the community; the community decides. Sometimes, we see far further into the future than the community can. A change that may take twenty years to realize is further off than most people can see. This means that many communities are not able to see the good that can come from building anew after such tearing down.
Some people want to think that they can't do harm. They may have achieved so much already. Or the good they are doing for the community or the wealth they have gives them a "pass" on what they do.
However, regular people can do harm. Many people who committed harm were intelligent, thoughtful, and culturally adept people. Pillars of the community have been convicted of major crimes. Among every part of society including the elite, we can find every crime.
We need to explore what it really means for business to do no harm.
Society is a web, not a spreadsheet. It is fragile, incomplete, and constantly changing. We interact with others in a morality dance of mutual benefits where we are moral towards them and they are moral back. This means that no static definition of proper behavior is possible. What was once accepted is no longer. Instead, we live in a constant striving for better. And we ask what is business doing for society instead of what business is doing to society.
Many want a veneer to cover what they really think and do. Tales of "green washing", "rainbow washing" abound. Many a corporation celebrates a cultural day or month in public while financially supporting those who are doing harm to that culture. No amount of such "washing" can make up for continuing to do harm.
The first step has to be to stop doing the harm. It is not possible to cover up harm. It will always eventually show.
It is not possible to wash away the stain of continuing to do harm by simple acts of contrition or through a PR campaign. The change that counts is a systemic change to corporate behavior.
Because we do some destruction when creating the new, perfection may not be possible in our goal of not doing harm. But a solid net gain to society is possible when we treat everyone with respect and push for just institutions in society.