Updated: Mar 24, 2021
Heads of state, chief executives, society leaders and media participated in 140 sessions at the first virtual Davos Agenda dedicated to helping leaders choose solutions to end the pandemic and drive recovery over the next year. The event, held from 25 to 29 January under the theme ‘A Crucial Year to Rebuild Trust’, considered the need for greater collaboration, placing sustainability and a green agenda at the heart of economic recoveries and the use of technology to help achieve this.
Professor Klaus Schwab, founder and executive chairman of the World Economic Forum says we need to move from a world which is just based on material objectives, to one that is much more conscious of the wellbeing of people. He says we are witnessing a mindset shift from short-term profit maximization, to a world that is much more characterized by stakeholder responsibility.
“The pandemic has shown that companies committing to stakeholder capitalism perform much better because they invest in the long-term viability of the company. In Stak