Technological change, globalization and climate change are factors to be considered when analyzing how inequality has changed withing and between countries. In particular, this means that not only the change of technology, global interaction and climate itself stands for an enormous challenge, but also the impact these changes have on society and consequently on social and cultural development. Whereas on the one hand, technological progress or globalization generates wealth among those having access to it or those benefitting from it, on the other hand, these developments widen the prosperity gap. The impact of climate change disproportionately affects the poorest and most vulnerable populations, exacerbating existing inequalities. Different concepts exist to address these challenges like general policy recommendations, social protection efforts, or inclusive growth strategies. Nevertheless, it for sure is a joint effort to overcome this disbalance in social and cultural development, and needs coordinated global action. For companies and businesses, it is of huge interest to also contribute to this important goal and promote a more equitable and sustainable future.