Japan takes big strides in its economy as the concept of "Double Impact" - a model aimed at achieving both financial and social impact - is effectively realized. This model aims at achieving a corporate quadruple bottom line: purpose, people, planet, and profit. The news, though, does not specify which company or sector has achieved this.
In Japan, where the population is aging and the youth are more concerned about societal impact, there is a noticeable shift towards businesses that have a broader impact than mere profits. Thus, achieving a "Double Impact" is seen as an ideal model for future businesses. Having realized this model, it indicates that Japan is adapting to the changing socio-economic needs and sentiments of its population.
In the U.S. or EU, the concept of "Double Impact" could align with the evolving trend of corporate social responsibility (CSR). Here, companies are encouraged or sometimes obligated to work for the betterment of the society and environment, besides reaping profits. However, it puts to light that Japan may be taking a step further by making such models the norm rather than an additional effort.