The COVID-19 pandemic and climate disasters have revealed the limitations of market-based institutions and governments in managing systemic crises. This has prompted increased attention to corporate moral motivation and business ethics as essential for sustainable development. The special issue examines how moral adaptation, business strategy, and innovation interconnect in addressing global challenges.
The relationship between these dimensions is complex. Moral evolution and environmental justice reshape corporate strategy, yet traditional economic theory struggles to reconcile justice with efficiency and ethics with innovation. Simultaneously, businesses play an increasingly vital role in developing solutions to major societal problems, including climate change, through strategic adaptation that affects both their operations and their broader ecosystems.
The special issue calls for research reconsidering business ethics in light of contemporary environmental and social concerns. It welcomes global submissions exploring how ethics, institutional frameworks, and innovation interact to support sustainable business practices and address grand challenges.