The aim of stakeholder capitalism is to structure a sustainable form of capitalism that encompasses all stakeholders in a shared and sustainable value chain. It recognizes that a company's purpose goes beyond maximizing shareholder value and includes creating long-term value for employees, customers, communities, and the environment. The concept emphasizes the importance of adopting sustainable practices, promoting social progress, and ensuring good governance.
Professor Klaus Schwab, founder and chairman of the World Economic Forum, introduced this idea over 50 years ago in his Davos Manifesto, which asserted that private corporations have a responsibility as trustees of society. Stakeholder capitalism believes that businesses can positively contribute to society by creating value for all stakeholders and working towards the collective good.
The metrics of stakeholder capitalism go beyond financial measures such as profits and shareholder returns. They encompass social and environmental indicators like employee well-being, customer satisfaction, community impact, and environmental sustainability. By evaluating performance across these dimensions, companies can assess their contributions to society and their efforts to create long-term value for stakeholders.
“We have to build completely new foundations for our economic and social systems.”
Professor Klaus Schwab, Founder & Chairman World Economic Forum
Here you will find an encyclopedia of knowledge and courage and commitment from leading global pioneers who talk to me about what it takes to create a world that works for the planet and the people – industry by industry, sector by sector, human by human. With: WEF Chairman Professor Klaus Schwab, UNDP administrator Achim Steiner, Dr Rajiv Shah, Chairman of the Rockefeller Foundation, Jim Hagemann Snabe, Chairman of Siemens and Matt Rogers, CEO Mission Possible Partnership and many others. I have written about the concept of stakeholder capitalism since the global financial crisis and about the actual implementation process since the Great Reset initiative in 2020. In the below conversations, as well as in my book and many articles you will find a how to approach on managing the global transformation - on a macro level (world), micro level (companies) and individual level (human). It’s about learning the vast advantages of a multi stakeholder approach, understanding it and finally, implementing it.
Deshalb brauchen wir den “Großen Neustart
Smarter, Greener, Fairer: Ein nachhaltiges Wirtschaftssystem für das 21. Jahrhundert gelingt nur gemeinsam. Professor Klaus Schwab, der Gründer und Vorstandsvorsitzende des World Economic Forums, erklärt im Eröffnungsgespräch die notwendige Transformation von Wirtschaft, Politik und Zivilgesellschaft. Der WEF-Chef ist seit Sommer 2020 Kopf und Herz des “Großen Neustarts"
Vereinte Nationen: Wir brauchen einen Paradigmenwechsel
Die Vereinten Nationen rufen auf zur Großen Transformation: “Wir befinden uns in einer Zeit radikaler Unsicherheit – und brauchen einen Paradigmenwechsel”, sagt Achim Steiner, #3 bei den VN und Leiter der größten Organisation, dem Entwicklungsprogramm. Mit 17.000 Mitarbeitern und einem Jahres-Budget von 5 Milliarden Dollar ist er zuständig für die Umsetzung der Nachhaltigkeitsziele und damit für die Abschaffung der weltweiten Armut.
President of the Rockefeller Foundation, we will lift 1 billion people out of poverty in a decade
"The Rockefeller Foundation and the IKEA Foundation are joining forces to create a $1 billion historic global platform to fight climate change and energy poverty," Dr. Rajiv Shah, President of the Rockefeller Foundation. The platform aims to reduce 1 billion tons of greenhouse gas emissions and provide 1 billion people with decentralized renewable energy."
ISSB Chair Emmanuel Faber: Leading Sustainable Finance Transformation
With endorsements from the G20, UN, World Bank, IOSCO, the International Sustainability Standards Board (ISSB) stands at the forefront of standard-setting efforts, shaping the future of sustainable finance and reporting worldwide.
Founded in 2021 at COP26 in Glasgow, under the stewardship of Emmanuel Faber as Chair, the ISSB has become a globally recognized and respected standard-setter.
Stakeholder Capitalism with Sibylle Barden
Sibylle Barden is an author and SDG and ESG strategist. She is an early champion of Stakeholder Capitalism. Her latest political novel „The Honeyguide“ was selected by the Frankfurt Book Fair as “one of 8 revolutionary books recommended for film adaptation”. Your host for this episode is Michal Koran, the Founder of the Global Arena Research Institute.
Reshaping Capitalism
Martin Wolf, the Chief Economics Commentator at the Financial Times and one of the world's top 100 global thinkers, delves deep into the core of our global economic and political systems. Wolf's latest book, The Crisis of Democratic Capitalism, serves as the foundation for our exploration of the fundamental question:
Is the West's Democratic Capitalism the optimal system to confront the world's complex and interconnected challenges?
The Reinvention of Everything
The FT called him one of Europe’s leading industrialists and transformational leaders - and transforming is exactly what he does. Transforming and reinventing companies, across sectors and across industries. Dreaming big. First as Co-CEO and Chairman at the giant software company SAP and recently, taking A.P Møller-Maersk, the Danish conglomerate that dominates container shipping, into the new era of decarboniziation.
Prince Albert II Foundation: Monaco's Green Revolution
Monaco, the most densely-populated sovereign state in the world, smaller than New York's Central Park, has emerged as a powerful advocate for ocean and marine life conservation. Prince Albert, Head of State and president of his foundation, played a significant role in shaping SDG 14, the United Nations sustainable development goal entirely dedicated to the Ocean.
UN Global Compact: SDGs - the North Star for Business
Sanda Ojiambo, the Assistant Secretary-General and CEO of the United Nations Global Compact, shines a spotlight on the world's largest corporate sustainability initiative and the driving force behind the Sustainable Development Goals (SDGs). With over 18,000 corporate participants spanning 160 countries, the UN Global Compact aligns businesses with principles in human rights, labor, the environment, and anti-corruption.
"The SDGs are the singular uniting force across all sectors, nations, and economies.”
Matt Rogers – CEO Mission Possible Partnership: 400 Partners. 7 Heavy Industries. 1 Goal: Net-Zero 2050
CEO Matt Rogers: “We are deeply committed to decarbonise 7 heavy-emitting industries by 2050: Cement, Steel, Aluminium and Chemicals – as well as Shipping, Aviation and Trucking.”
These 7 big industries are the building blocks of the global economy. Currently, they are responsible for 30% of GHG emissions globally. The 4 materials alone are responsible for 60% of current industry emissions. Where to begin? “Our 400 partners made bold commitments. Now is the time for bold actions. Because we know how to get from here to there on a step-by-step-basis."
My book (in German) - How do we want to live? The World needs a Marshall Plan - my search for a better system
"How do we want to live?” reflects the economic development since the global financial crisis. It's a call for a global economic stimulus program. In 66 compelling essays, she draws attention to the change in political and economic values since 2007 and advocates a re-think: towards sustainable economic policy and more awareness of the importance of a society based on solidarity.
(LinkedIn)
The Annual Meeting of the World Economic Forum at Davos is framed by the poignant theme: Rebuilding Trust. This overarching motif reflects a collective recognition among global leaders that trust, a cornerstone of societal cohesion and economic prosperity, has been eroded and needs meticulous reconstruction.
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As the world anticipates the Stockholm "World Water Week 2023: Seeds of Change: Innovative Solutions for a Water-Wise World," a global movement takes shape to confront the imminent water crisis. With freshwater scarcity affecting over 2.2 billion individuals, a sanitation crisis impacting 4.2 billion people, and water-related conflicts unsettling 40% of the global population, this year's theme underscores the urgency for innovative solutions and collaborative efforts.
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(ESG Global)
Sibylle Barden is an author and board member. She is an early champion of Stakeholder Capitalism and the World Economic Forum’s “Great Reset” initiative.
(UmweltDialog)
Die Corona-Pandemie bringt derzeit viele Veränderungen mit sich - sowohl im Alltag als auch in der Wirtschaft. Autorin Sibylle Barden blickt in diesem Essay auf unser Wirtschaftssystem und widmet sich der Frage, wie viel Wirtschaftswachstum sich die Weltgemeinschaft nach der Corona-Krise leisten kann. Was können wir durch die Krise lernen und ändern?
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(LinkedIn)
Wie wollen wir leben? Wir sind Täter und Zeuge einer erdrutschartigen Verschiebung unserer Existenz. Wählen wir Zynismus und nehmen die Zerstörung des Planeten in Kauf? Wählen wir Optimismus und setzen uns aktiv für eine bessere Zukunft ein?
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(PT Magazin Wirtschaft & Gesellschaft)
In seiner Radikalität trifft der Coronavirus auf unsere fragile Welt und legt all ihre Schwachstellen offen. Die neue wöchentliche Serie beleuchtet diese Schwachstellen, versucht Gewinnern und Verlierern nach Covid-19 auf den Grund zu gehen. Teil I: Das Finanzsystem.
(Stern)
Die Zeitenwende, die wir gerade erleben, ist nicht neu. Neu ist sie für die Nachkriegsgenerationen der westlichen Welt. Die Welt, in der immer alles wachsen muss: die Wirtschaft, die Städte, der Wohlstand, das eigene Glück.
(Capital)
Alles soll wachsen: die Wirtschaft, die Städte, der Wohlstand, das eigene Glück. Auf Kosten der Natur, des Klimas, der Staatsschulden. Deshalb brauchen wir einen Marshallplan für neues Denken, fordert Sibylle Barden-Fürchtenicht in ihrem Gastbeitrag
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(Capital)
Will die Welt die Covid-Pandemie hinter sich lassen, muss sie einen Neustart in den internationalen Beziehungen hinbekommen. Dazu müssen alle gesellschaftlich relevanten Stakeholder an einen Tisch.
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(Capital)
Die Weltwirtschaft steht vor einer großen Transformation. Im Zeitalter des Stakeholder Kapitalismus sollen Unternehmen nachhaltiger, digitaler und fairer werden. Einige von ihnen sind bereits auf dem Weg dorthin und haben ihre Verantwortung erkannt.
(Capital)
Smarter, grüner, fairer: Der Kapitalismus benötigt ein Update. Sibylle Barden-Fürchtenicht erklärt, wie ein nachhaltiger Kapitalismus für das 21. Jahrhundert aussehen kann.
(Mannheimer Morgen)
Viele Konzerne und Spekulanten haben bisher enorm von der Covid-19-Pandemie profitiert. Doch es gibt auch Wege, wie die Gesellschaft selbst gestärkt aus der Krise hervorgehen kann, meint Publizistin und Wirtschaftsexpertin Sibylle Barden.
(PT Magazin Wirtschaft & Gesellschaft)
Wohin unsere Reise geht, liegt vor allem an der Intelligenz und dem Willen der Machtverschieber sowie den Zukunftsmodellen, auf die sie zurückgreifen können. Wie wird die Welt nach Covid-19 aussehen?
(PT Magazin Wirtschaft & Gesellschaft)
Europas politischer Unwille zur Solidarität führt schon heute in die nächste große Krise: Der Patient kommt vielleicht mit dem Leben davon, wird dann aber Zeuge des Niedergangs seiner Volkswirtschaften.