Did 2020 And Covid-19 Permanently Shift Leaders’ Priorities?

But WEF 2021 took it to a whole new level. The WEF even framed its themes around these principles, including: “How to Save the Planet,” “Fairer Economies,” Tech for Good,” “Society & Future of Work,” “Better Business,” “Healthy Futures,” and “Beyond Geopolitics.” They called it “Stakeholder Capitalism,” after theand Executive Chairman Klaus Schwab .

In a WEF 2021 video, New Zealand Prime Minister Jacinda Ardern said that “It’s not just growth for growth’s sake, but how we share that prosperity,” and Christine Lagarde, president of the European Central Bank , said, “We have to make sure the economy actually works for the people.”Screen shot of GM announcement about eliminating gas vehicles by 2035 in caranddriver.

The CEO of the largest asset management firm in the world, BlackRock’s Larry Fink, said that ”2020 was a pivotal year. In 2020 we saw an extraordinary shift in how investors invest…in every industry…and much of it has to do with stakeholder capitalism,” including a laser focus on employees, communities and the environment.

The fact that the quintessential gathering of the elites of the elites, the World Economic Forum, is now embracing the ESG economy reflects that the 21the ESG economy. Leaders and organization that do not authentically protect their people and the environment, and respond to the markets’ demands for transparency and accountability, will likely be left behind.As Thando Hope, diversity advocate and model put it in another WEF 2021 session, “Make them imagine it and then they can see it.

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