It is remarkable how the agenda in this 50th edition of the World Economic Forum (WEF) Annual Meeting has shifted towards calling for a move to stakeholder capitalism, as issued by Klaus Schwab in the new Davos Manifesto.
he World Business Council for Sustainable Development (WBCSD) today launched Staying competitive in a fast-changing world – Practical steps for future-proofing your business.
Last Tuesday 8 October the first-ever TCFD Summit was held in Tokyo, convening around 300 global attendees from government, business, investors and civil society to advance discussions around corporate disclosure on climate change.
e recent Business Roundtable Statement on the Purpose of a Corporation recognizes that companies have responsibility to a broad range of stakeholders – such as customers, employees, suppliers and the environment – on par with their responsibility to shareholders.
Today, through collaboration with WBCSD, eleven leading companies across chemical and electric utility sectors provide an in-depth look at climate-related financial disclosure in two landmark reports.
In September 2015, Mark Carney, Governor of the Bank of England, issued a clear warning about the Tragedy of the Horizon, stating that by the time climate change impacts financial stability, it will already be too late.