At the World Economic Forum in Davos last week over a 100 large companies under which Friesland Campina, Philips en Unilever signed a compact for more corporate sustainable responsability.
The World Economic Forum’s Annual Meeting was this year held from 17 to 20 January in Davos. Around 3000 participants were present to discuss the main theme “responsive and responsible leadership”. Within this framework a compact was presented that serves a practical guide to what challenges need to be solved.
“A new model of responsive and responsible leadership is needed to allow us to address the challenges the world faces, from security to the Fourth Industrial Revolution, with long-term, action-oriented thinking and solidarity on a national and global level.” – Klaus Schwab, founder and Executive Chairman of the World Economic Forum
By signing the compact for responsive and responsible leadership, companies commit themselves to long term benefits for society over short-term financial gains. Through open dialogue with stakeholders and using the SDGs as a roadmap corporate leadership alignment can take place.
“We need to have the courage to follow a longer term ‘North star’ to truly achieve progress and create real value for all stakeholders.” – Frans van Houten CEO Royal Philips
Read the full compact here