RIL, Mahindra join global giants in committing to stakeholder capitalism metrics
Announcing the details during its online Davos Agenda Summit, the WEF said a total of 61 business leaders have so far committed to the core Stakeholder Capitalism Metrics
PTI | January 27, 2021 | Updated 01:05 IST
Reliance Industries and Mahindra Group on Tuesday joined more than 50 global giants in committing to core stakeholder capitalism metrics a set of environmental, social and governance (ESG) parameters and disclosures prepared by the World Economic Forum.
The global giants who have made this commitment include Accenture, Bank of America, Credit Suisse, Dell Technologies, Deloitte, EY, HEINEKEN, HP, HSBC Holdings, IBM, JLL, KPMG, Mastercard, McKinsey, Nestle, PayPal, PwC, Royal Dutch Shell, Royal Philips, Salesforce, Schneider Electric, Siemens, Sony, Total, UBS, Unilever, Yara International and Zurich Insurance Group.
Only way out of pandemic will be economy that fights inequality: Emmanuel Macron
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Last Updated: Jan 26, 2021, 09:23 PM IST
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Synopsis
In conversation with the WEF Founder and Executive Chairman Klaus Schwab, the French President said, We will get out of this pandemic only with an economy that fights inequality.
He said societies are transforming as a result of the current health crisis and emphasised the importance of saving lives during a pandemic.
New Delhi: The world will get out of the COVID-19 pandemic only with an economy that fights inequality, French President Emmanuel Macron said on Tuesday while asserting that the economy of tomorrow has to be one that thinks about innovation and humanity.Speaking at the online Davos Agenda Summit, Macron also said, Let s not forget that the target should always be to build the good life with all its advantages and with the will of respecting the other.
Businesses need to find a purpose that is transcending, says the Mahindra Group chairman Industry leader Anand Mahindra on Tuesday said the biggest growth opportunities for businesses come from serving the bottom of the pyramid and following ESG (Environmental, social and governance) metrics should not be merely a box-ticking exercise. Speaking at a panel discussion on Implementing Stakeholder Capitalism at the World Economic Forum s online Davos Agenda Summit, he said it is in the interest of everyone to grow businesses sustainably. As a businessman, it benefits to create a business that promotes the economic prospects of as many people as possible. Businesses need to find a purpose that is transcending, the Mahindra Group chairman said.
The world will get out of the COVID-19 pandemic only with an economy that fights inequality, French President Emmanuel Macron said on Tuesday while asserting that the economy of tomorrow has to be one that thinks about innovation and humanity. Speaking at the online Davos Agenda Summit, Macron also said, Let s not forget that the target should always be to build the good life with all its advantages and with the will of respecting the other. In conversation with the WEF Founder and Executive Chairman Klaus Schwab, the French President said, We will get out of this pandemic only with an economy that fights inequality.
Concerned over the COVID-19 pandemic having widened inequality, IMF Chief Kristalina Georgieva said on Tuesday all hands are needed on deck, be it businesses, governments or even central banks, for a sustainable and balanced recovery. Speaking at the World Economic Forum s online Davos Agenda Summit, she said the IMF is projecting 5.5 per cent global economic growth for 2021, which is higher than before. But, we won t be winners after this crisis, unless capitalism globally brings people closer together, Georgieva said. She also called for stepping up the action to support low-income countries. Just to give you the number that is staggering, big countries are reporting 20 per cent GDP in support during this crisis. In poor countries, it is 2 per cent of GDP and their GDP is tiny, she said.