HILARY JOFFE: Davos shows big business in SA must act on climate crisis
26 January 2020 - 02:01
Stakeholder capitalism was all the rage at this year's World Economic Forum at Davos, with the CEOs of major multinationals debating the details and profiling their initiatives on platforms of all sorts. For the WEF, it was a refresh of its founding principle of 50 years ago that businesses should serve society, not just shareholders. A new "Davos Manifesto" expands that to a "better kind of capitalism" in which companies recognise they can thrive over the longer term only if they help to overcome income inequality, societal division and the climate crisis, rather than focusing just on shorter-term profits...
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