It is time for corporate America to become 'the third pillar' of social change in our society, complementing the first two pillars of government and philanthropy. We need the entire private sector to begin committing itself not just to making profits, but to fulfilling higher and larger purposes by contributing to building a better world.

The quote by Simon Mainwaring, "It is time for corporate America to become 'the third pillar' of social change in our society, complementing the first two pillars of government and philanthropy. We need the entire private sector to begin committing itself not just to making profits, but to fulfilling higher and larger purposes by contributing to building a better world," calls for a shift in the role of corporations within society. Mainwaring argues that corporate America should not only focus on maximizing profits, but also actively participate in social change alongside government and philanthropy. He sees the private sector as an essential third pillar that can help tackle global issues and create a better world by using its resources and influence for broader social good.

Mainwaring’s statement challenges the traditional view that businesses exist solely to generate financial returns for their shareholders. Instead, he advocates for corporate responsibility, urging companies to use their influence, resources, and innovation to address societal challenges such as poverty, environmental sustainability, and inequality. By aligning with government and philanthropic efforts, corporations can help create a more holistic approach to social progress, where economic success and social impact go hand in hand.

The origin of the quote comes from Simon Mainwaring, a social entrepreneur and founder of the social impact agency We First, which focuses on helping businesses embrace social responsibility. Mainwaring is known for his work on brand purpose and how businesses can leverage their platforms to address societal issues. His perspective is informed by the increasing public expectation that businesses should contribute to solutions for global challenges, beyond their profit motives.

In essence, Mainwaring’s quote emphasizes that corporations have the power and responsibility to drive social change. He advocates for a new model where businesses, alongside government and philanthropy, play an active role in improving society. By focusing on purpose-driven goals and leveraging their influence, companies can contribute to solving some of the world’s most pressing problems, creating a future where profits and positive impact are not mutually exclusive.