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Davos reboots for 'stakeholder capitalism'

Ahead of its Davos meeting, the World Economic Forum released a mission statement for 21st century businesses to elevate the importance of doing good.

The World Economic Forum in Davos, Switzerland
The World Economic Forum in Davos, Switzerland (AN/GCIS)

GENEVA (AN) — Ahead of its annual gathering in the Swiss mountain resort of Davos, the World Economic Forum released a universal mission statement for 21st century businesses on Monday that elevates the importance of doing good.

WEF's new "Davos Manifesto," titled “The Universal Purpose of a Company in the Fourth Industrial Revolution," is a call to put considerations about our planet and society on par with profit motives. Its updated ethical principles coincide with the international organization's 50th anniversary.

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