Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘WEF’

Time for a Great Reset

Posted by hkarner - 4. Juni 2020

Date: 03‑06‑2020

Source: Project Syndicate by Klaus Schwab

Klaus Schwab is Founder and Executive Chairman of the World Economic Forum. 

Tragedy need not be the only legacy of the COVID‑19 crisis. On the contrary, the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future.

GENEVA – COVID‑19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.

To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism. Den Rest des Beitrags lesen »

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Stimmungswandel in Davos?

Posted by hkarner - 3. Februar 2020

Joseph E. Stiglitz, a Nobel laureate in economics, is University Professor at Columbia University and Chief Economist at the Roosevelt Institute. His most recent book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent

DAVOS – Dieses Jahr markierte das 50-jährige Jubiläum der Vorzeigeveranstaltung des Weltwirtschaftsforums, des Treffens der weltweiten Wirtschafts- und Politikeliten in Davos (Schweiz). Seit meiner ersten Teilnahme dort im Jahr 1995 hat sich eine Menge verändert. Damals herrschten Euphorie über die Globalisierung, Hoffnung auf den Übergang der ehemals kommunistischen Länder zur Marktwirtschaft und die Zuversicht, dass neue Technologien neue Perspektiven eröffnen würden, von denen alle profitieren würden. Die Unternehmen würden dabei – in Zusammenarbeit mit den Regierungen – die Richtung weisen.

Heute ist die Stimmung angesichts der Klima-, Umwelt- und Ungleichheitskrisen, vor denen die Welt steht, eine ganz andere. Facebook, das unabhängig von den Folgen für die Demokratie bereit ist, Fehl- und Desinformation sowie politischer Manipulation eine Plattform zu bieten, hat die Gefahren einer privat kontrollierten monopolistischen aufgezeigt. Viele Unternehmensführer, und zwar nicht nur die im Finanzsektor, haben eine bemerkenswerte moralische Verkommenheit an den Tag gelegt.Darüber hinaus steht der Multilateralismus unter Beschuss. Sein traditionell stärkster Verteidiger, die USA, hat nun eine Regierung, die sich dem Motto „America First“ verschrieben hat und die sich dazu bekennt, die weltweite Zusammenarbeit zu untergraben, obwohl die Notwendigkeit zur Kooperation in einer Vielzahl von Bereichen – darunter Frieden, Gesundheit und Umwelt – immer deutlicher wird. Den Rest des Beitrags lesen »

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Net-Zero at Davos

Posted by hkarner - 25. Januar 2020

Jules Kortenhorst

Jules Kortenhorst is CEO of the Rocky Mountain Institute.

The World Economic Forum used its influential annual meeting in Davos this year to issue a call to arms on climate change. Corporate and finance leaders must recognize that as members of the global elite, they have a duty to lead the charge toward a clean, low-carbon economy.

DAVOS – At its annual flagship meeting in Davos, Switzerland, this year, the World Economic Forum called on companies from around the world to commit to reducing their greenhouse-gas emissions to net-zero by 2050 at the latest. Climate science shows us that such reductions are necessary both to meet the goals of the 2015 Paris climate agreement and to prevent catastrophic climate change.

Naturally, we at the Rocky Mountain Institute (RMI) welcome the WEF’s challenge to the global business community. It is both timely and appropriate. It makes clear to business leaders that, as members of the “Davos elite,” they have a responsibility to set an example by taking bold, immediate action to reduce emissions. Den Rest des Beitrags lesen »

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All Aboard the Crazy Train

Posted by hkarner - 22. Januar 2020

Date: 21‑01‑2020

Source: The Wall Street Journal By Walter Russell Mead

Or at least that’s how populism’s rise feels to those at the World Economic Forum.

Davos, Switzerland

For half a century the annual meeting of the World Economic Forum has brought a mix of business leaders, politicians, pundits, academics, activists, “social entrepreneurs” and celebrities to this small village high in the Swiss Alps. For the year‑round inhabitants, the conference is a mixed blessing. Security barriers and heavy traffic turn the narrow streets into a nightmare. With well‑situated one‑bedroom apartments renting for as much as $5,000 a night, however, many a Davos‑dweller can escape the madness and pocket a nice profit. The resort’s hotels also make out well; with corporations and governments competing to reserve ballrooms and salons for their events, local hoteliers can clear more in a week than they likely could make during the whole ski season in the old pre‑WEF days.

There is something inescapably ridiculous about a gathering this self‑important; certainly Marie Antoinette and her friends dressing up as shepherdesses to celebrate the simple life has nothing on the more than 100 billionaires descending, often by private jet, on an exclusive Swiss ski resort for four days of ostentatious hand‑wringing about the problems of the poor and the dangers of climate change. This year an earnest young aide at registration told me that, to reduce the event’s carbon footprint, no paper maps of the town were being distributed; one could almost feel the waves of relief from the nearby Alpine glaciers at this sign of green progress. Den Rest des Beitrags lesen »

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In Stakeholder Capitalism, Shareholders Are Still King

Posted by hkarner - 21. Januar 2020

Date: 20‑01‑2020

Source: The Wall Street Journal

Corporations are talking big about looking beyond share price. But don’t count on it.

At this week’s World Economic Forum in Davos, two very different visions of stakeholders will be in play.

Stakeholder capitalism reached its apotheosis in 2006 in the U.K., when Prime Minister Tony Blair’s centrist government required directors to take into account the interests of staff, customers, suppliers and the environment, as well as corporate reputation.

It didn’t work: The financial crisis showed the excesses at Britain’s biggest banks, and the reputation of the country’s businesses collapsed.

Now, more than a decade later, big business in the U.S. is talking up stakeholder capitalism as it fends off growing criticism of its place in society. Most prominently, in August, the Business Roundtable released a statement signed by 181 CEOs in which they pledged “a fundamental commitment” to “deliver value to all” stakeholders. Den Rest des Beitrags lesen »

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VOM WAGNIS DER MITVERANTWORTUNG

Posted by hkarner - 21. Januar 2020

FURCHE-Kolumne 284,mWilfried Stadler

Joe Kaeser, Vorsitzender des Vorstandes von Siemens, verantwortet einen Jahresumsatz von nahezu 90 Milliarden Euro. Entscheidungen über komplexe Probleme und hohe Risiken gehören in seiner Funktion zur Routine. Er gilt als unkonventioneller Mahner gegen einen die Gesellschaft spaltenden „Kasinokapitalismus“ und orientiert sich damit an einem berühmt gewordenen Leitsatz des Firmengründers Werner von Siemens: Für augenblicklichen Gewinn verkaufe ich die Zukunft nicht“.

Dennoch geriet der weltgewandte Top-Manager jüngst unter massiven Druck, als deutsche Klimaschützer gegen die Lieferung von Signaltechnik für Züge protestierten, die in Australien für Kohletransporte eingesetzt werden. Kaeser lehnte eine Aufkündigung des bereits abgeschlossenen Vertrages ab, sicherte jedoch zu, in Zukunft konsequent für mehr Öko-Sensibilität zu sorgen. Sein Aufsehen erregendes Beschwichtigungsangebot, Aufsichtsrätin von Siemens zu werden, lehnte Luisa Neubauer, die 23-jährige Sprecherin der deutschen Friday-for-Future-Bewegung, nach kurzer Bedenkzeit ab.

Dass die Auseinandersetzung über den künftigen Umgang von Konzernen mit der Klimakrise damit wenige Tage vor Beginn des Welt-Wirtschaftsforums in Davos eine neue Dimension erreicht hat, ist Wasser auf die Mühlen von Klaus Schwab. Denn der Begründer dieser wohl gewichtigsten Welt-Konferenz sieht sich als Vorkämpfer einer Wirtschaftsordnung, in der Konzerne nicht nur Gewinnziele verfolgen, sondern auch zu sozialer und ökologischer Nachhaltigkeit beitragen. Den Rest des Beitrags lesen »

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Walking the Talk of Stakeholder Capitalism

Posted by hkarner - 21. Januar 2020

Richard Samans

Richard Samans is a managing director of the World Economic Forum and Chairman of the Climate Disclosure Standards Board.

Jane Nelson is Director of the Corporate Responsibility Initiative at Harvard Kennedy School.

Corporate governance is undergoing a sea change, as the longstanding principle of „shareholder primacy“ gives way to broader concerns. But recognition of social, environmental, governance, and data stewardship issues is not enough; company boards must also figure out how to integrate shareholder value with corporate responsibility.

DAVOS – The role of corporate boards has never been more important, nor subject to as much scrutiny, as it is today. The technological, environmental, geopolitical, and socioeconomic transformations of the past two decades are driving a re-examination of the prevailing corporate-governance model, just as they are posing fundamental challenges to many areas of public policy and governance.

In particular, these transformations are making environmental, social, governance, and data stewardship (ESG&D) considerations increasingly important to companies’ financial performance and resilience. Den Rest des Beitrags lesen »

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What Kind of Capitalism Do We Want?  

Posted by hkarner - 3. Dezember 2019

Date: 02‑12‑2019

Source: Project Syndicate by Klaus Schwab

Klaus Schwab is Founder and Executive Chairman of the World Economic Forum. 

Though the concept of „stakeholder capitalism“ has been around for a half‑century, it has only recently begun to gain traction against the prevailing shareholder‑primacy model of profit maximization. Now, advocates of a more socially conscious economic system must take steps to ensure that their vision takes hold for the long term.

GENEVA – What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.

Generally speaking, we have three models to choose from. The first is “shareholder capitalism,” embraced by most Western corporations, which holds that a corporation’s primary goal should be to maximize its profits. The second model is “state capitalism,” which entrusts the government with setting the direction of the economy, and has risen to prominence in many emerging markets, not least China.

But, compared to these two options, the third has the most to recommend it. “Stakeholder capitalism,” a model I first proposed a half‑century ago, positions private corporations as trustees of society, and is clearly the best response to today’s social and environmental challenges. Den Rest des Beitrags lesen »

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Eine Scorecard zur Beendigung des kurzfristigen Denkens

Posted by hkarner - 20. Oktober 2019

Klaus Schwab

Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.

GENF – Die Angst vor einer weltweiten Rezession, der Handelskrieg zwischen den USA und China, die Auswirkungen des Brexit und ein gefährlicher Schuldenüberhang sorgen für eine der stressreichsten Phasen seit einem Jahrzehnt. Gleichzeitig stehen langfristige Ziele, wie die Umsetzung der Nachhaltigkeitszielen bis 2020, die Umsetzung des Pariser Klimaabkommens bis 2050 und der Umbau des Wirtschaftssystems für die nächsten 50 Jahre, an. 

Um ein langristiges Denken anzuregen, braucht es eine Neuorientierung. Dazu drei Vorschläge:Zunächst müssen wir den wirtschaftlichen Bezugsrahmen ändern. 75 Jahre lang stand das Bruttoinlandsprodukts (BIP) im Zentrum und die Volkswirtschaften dienten als Werkzeug zur Mobilisierung der Produktion für den Krieg. Gegenwärtig aber ist die Maximierung von nachhatligem Wohlstand das Ziel und es braucht alternative Messgrössen.Eine Gruppe von Ökonomen aus der Privatwirtschaft, Hochschulen und internationalen Einrichtungen, (u.a. Diane Coyle und Mariana Mazzucato) haben das „Wealth Project“ (Wohlstandsprojekt), aufbauend auf Weltbank-Ansätzen, entwickelt. Den Rest des Beitrags lesen »

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The new elite’s phoney crusade to save the world – without changing anything

Posted by hkarner - 27. Januar 2019

Date: 26-01-2019
Source: The Guardian

Today’s titans of tech and finance want to solve the world’s problems, as long as the solutions never, ever threaten their own wealth and power. By Anand Giridharadas

A successful society is a progress machine. It takes in the raw material of innovations and produces broad human advancement. America’s machine is broken. The same could be said of others around the world. And now many of the people who broke the progress machine are trying to sell us their services as repairmen.

When the fruits of change have fallen on the US in recent decades, the very fortunate have basketed almost all of them. For instance, the average pretax income of the top 10th of Americans has doubled since 1980, that of the top 1% has more than tripled, and that of the top 0.001% has risen more than sevenfold – even as the average pretax income of the bottom half of Americans has stayed almost precisely the same. These familiar figures amount to three-and-a-half decades’ worth of wondrous, head-spinning change with zero impact on the average pay of 117 million Americans. Globally, over the same period, according to the World Inequality Report, the top 1% captured 27% of new income, while the bottom half of humanity – presently, more than 3 billion people – saw 12% of it. Den Rest des Beitrags lesen »

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