Good morning.
As the year ends, I’ll attempt to summarize in 300 words the dozens of conversations I’ve had with CEOs over the last 12 months about the changing role of businesses in society. My takeaways:
—Despite political pushback and rising recession threats, “stakeholder capitalism”—particularly when it comes to the environment and DEI—is very much alive and well, especially at the largest companies, like those in the Fortune 500. The main reasons? 1) Talent remains a top challenge for CEOs, and forward-leaning policies on climate and diversity help them recruit and retain top talent. 2) Climate, in particular, has become embedded in their strategies, and is now seen not just as a “nice to have,” but as a necessary driver of future growth.
