FROM WEF: Implementing Stakeholder Capitalism

Watch here Klaus Schwab's speeh just presented:https://www.youtube.com/watch?v=-lqynBzC6Jc

For more information: https://www.weforum.org/events/the-davos-agenda-2021

Mutual interdependence

Klaus Schwab believes that 2021 will be a historical year in changing the philosophy of business. Accelerated by COVID-19, businesses will increasingly recognize the need for stakeholder capitalism.

Although the new metrics are just the first step, it will move stakeholder capitalism on from being just a concept - we can now "walk the talk", he said. 61 companies have already signed up.

The past year has underlined how mutually dependent we are, and taking a coordinated approach to further stakeholder capitalism is part of that.