In a widely circulated memo, the 200-member organization reversed itself, writing that “shareholder primacy” is no longer the sole purpose of a corporation. Instead, corporations must include a commitment to “all stakeholders,” which includes customers, employees, suppliers and local communities. Business Roundtable
Business Roundtable announced the release of a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders. Business Roundtable
We share a fundamental commitment to all of our stakeholders. We commit to: delivering value to our customers; investing in our employees; dealing fairly and ethically with our suppliers; supporting the communities in which we work; generating long-term value for shareholders. Business Roundtable
For everyone who lives on land, the planet’s dangerously warmed future is already here. Earth’s land has already warmed more than 1.5 degrees Celsius (2.6 degrees Fahrenheit) since the industrial revolution, according to the Intergovernmental Panel on Climate Change. That’s the same amount of warming that climate activists are hoping to prevent on a global scale. The Atlantic
Computing the origin of electricity and its associated carbon emissions. electricityMap
As the world warms because of human-induced climate change, most of us can expect to see more days when temperatures hit 32 degrees Celsius (90 degrees Fahrenheit) or higher. See how your hometown has changed so far and how much hotter it may get. New York Times
Since President Trump imposed sanctions on Iranian oil sales last year, information on those sales has become a prized geopolitical weapon — coveted by Western intelligence agencies and top secret for Iran. And the business of selling Iranian oil, once a safe and lucrative enterprise for the well connected, has been transformed into a high-stakes global game of espionage and counterespionage. New York Times
The world’s land and water resources are being exploited at “unprecedented rates,” a new United Nations report warns, which combined with climate change is putting dire pressure on the ability of humanity to feed itself. New York Times
The industry’s plodding giants face mounting threats from restless reinsurers and Big Tech. Since the 1980s average annual losses from natural disasters have more than sextupled in real terms. Other risks are variations on old themes, such as pandemics or the fallout from increasing protectionism. And new ones have emerged. Ageing populations push up health-care costs. Cyber-attacks can shut power plants, paralyse firms and siphon fortunes from banks’ coffers. The Economicst
Paying for college seems out of reach for many Americans, so the idea of free college has broad appeal. Several Democratic presidential candidates and members of Congress have endorsed it. New York Times
© Stefan P. Schleicher 2019
