Business Impacts

  • Davos Attendees Discuss "Stakeholder Capitalism"

    January 22, 2020

    Business leaders and policy makers attending this year's World Economic Forum in Davos, Switzerland are considering the implications of transitioning from a classical interpretation of the role of businesses to maximize shareholder value to the role of maximizing the outcomes for a variety of stakeholders, including shareholders, customers, employees, suppliers, and communities.

  • BlackRock Signs Climate Change Pact

    January 15, 2020

    BlackRock, the world’s largest asset manager with more than $6.8 trillion under its control, has become a signatory to Climate Action 100+, joining 370 other global investors in an initiative designed to encourage companies to take action on climate change by becoming carbon neutral by 2050.

  • WEF Publishes Survey Results Relating to Corporate Ethical Cultures

    January 08, 2020

    The World Economic Forum’s Fourth Industrial Revolution Steering Committee for the Responsible Use of Technology has published the results of a survey it conducted of businesses regarding what factors contribute to positive corporate ethical cultures.

  • Gorman: Rollout of 5G Cellular Networks Constitutes a "Geopolitical Turning Point"

    January 08, 2020

    According to Lindsay Gorman writing in The Atlantic, the West has ample reason for caution about Chinese 5G suppliers, including a recent Chinese National Intelligence Law requiring companies to comply with Communist Party demands to turn over data or otherwise engage in snooping or network-disruption activities.

  • Former Google Executive Criticizes Google's Human Rights Record

    January 07, 2020

    Ross LaJeunesse, the former head of global international relations at Google, has posted a strongly-worded blog post criticizing the company for its alleged neglect of human rights concerns.

  • Delcker: Regulation of Face-Scanning Technology Eludes U.S. and European Officials

    January 01, 2020

    According to Politico's Janosch Delcker, as face-scanning technology inspires privacy fears in the United States and Europe, efforts to check its spread are hitting a wall of resistance on both sides of the Atlantic.

  • Buxton: Davos Manifesto Lacks Enforcement Mechanisms

    December 23, 2019

    At openDemocracy.net, Nick Buxton laments that the recently published Davos Manifesto on the purpose of a company proposes an entirely voluntary process that contains no "enforcement mechanisms, legislation or regulation to ensure companies abide by their commitments."

  • WEF's Schwab Publishes "Davos Manifesto" on Purpose of a Company

    December 23, 2019

    Klaus Schwab, Founder and Executive Chairman, World Economic Forum, has published Davos Manifesto 2020: The Universal Purpose of a Company in the Fourth Industrial Revolution, building on the emerging view that "the purpose of a company is to engage all its stakeholders in shared and sustained value creation."

  • Survey Results Reveal Global Concern over "Big Tech" Collection and Use of Personal Data

    December 10, 2019

    According to a recent survey of 10,000 people in nine countries conducted by YouGov on behalf of Amnesty International, seven in ten people (73%) want governments to do more to regulate Big Tech, with a clear majority (71%) worried about how tech companies collect and use their personal data.

  • Brown University Committee Supports Divestment Action

    December 04, 2019

    Brown University's Advisory Committee on Corporate Responsibility in Investment Policies (ACCRIP) has voted to have the University withdraw support for companies that are "facilitating the [Israeli] occupation and its human rights abuses in the West Bank and Gaza," an action supported in an earlier referendum by 70% of students and 100 faculty members.

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