Stakeholder Capitalism

A Global Economy that Works for Progress, People and Planet

by: Professor Dr.-Ing. Klaus Schwab

in: Economics

Summary:

The book advocates for a global economic system that balances the interests of various stakeholders rather than prioritizing shareholders alone, emphasizing the need for cooperation among businesses, governments, and civil society to address challenges like inequality and climate change. It outlines a framework for integrating environmental, social, and governance (ESG) metrics into corporate strategies to create a more sustainable and inclusive economic future.

Key points:

1. Stakeholder Capitalism: Klaus Schwab defines it as a system where companies work for the benefit of all parties involved, including workers, customers, suppliers, communities, and the environment, focusing on long-term success.

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