Getting reinvention ready
In the face of today’s dislocations – an ongoing pandemic, accelerating climate change, rising inequality, war in Europe and surging inflation – the business community has an unprecedented opportunity to lead by resetting corporate agendas and transitioning to stakeholder capitalism. Held from 22-26 May, the World Economic Forum Annual Meeting convenes leaders from business, government, academia and the media to take stock of the state of the world and shape partnerships and policies for the future.Read more
PwC’s Global Chairman Bob Moritz joined a session on 23 May to discuss the global skilling challenge and need for expanded training and lifelong learning services as labour markets are transformed by the consequences of the pandemic, advancements in technology and the green transition. With huge numbers of people in need of reskilling or training, investment in education and good jobs across key industries will be critical over the coming years. Watch the panel, and to learn more, read the PwC report on the youth skills gap written in collaboration with UNICEF and Generation Unlimited.
On 24 May, PwC launched its Global Workforce Hopes and Fears Survey 2022 at the World Economic Forum Annual Meeting in Davos. This year’s survey, which took place against a backdrop of rising inflation, tight labour markets and divisive politics, asked 52,000 workers across 44 countries and territories about their attitudes to work. Survey responses revealed findings on a range of topics such as generational differences, compensation, employee empowerment, politics in the workplace, expectations of transparency on ESG issues and different work models. Watch PwC Global Chairman Bob Moritz discuss the findings in Davos with Saadia Zahidi, Managing Director at the World Economic Forum and Jonas Prising, Chairman and CEO of ManpowerGroup.
"Alongside the World Economic Forum, we’re working to advance climate action, ESG reporting standards and the upskilling of people for the future of work. With concerns of irreversible climate change and deepening economic inequality threatening the future of our planet and society, we believe leaders from government and business alike need to work together to drive the change the world needs."
PwC’s Global Chairman Bob Moritz led a discussion with Emmanuel Faber, Chair of the International Sustainability Standards Board, Nadja Picard, PwC’s Global Reporting Leader, and Eelco van der Enden, CEO of the Global Reporting Initiative, on 24 May. The panel explored how stakeholders globally are increasingly demanding more information and transparency that helps them hold companies accountable for actions – whether that’s to maintain or create value, or to minimise negative impacts on the planet and society while also showing a holistic view of performance.
As companies focus on managing their impact on the climate, they should not forget to address the impact a changing climate has on them. Looking to the future, firms need to redefine their business models and take a fuller view of how they will survive and thrive in a warming climate and low-carbon economy. PwC’s Global Climate Leader Emma Cox explores this topic in a Forum-featured article, which builds on Bob Moritz’s commentary on the need for companies to ensure true climate resilience in a rapidly transforming business environment.
To learn more, read Emma Cox, Colm Kelly, Barry Murphy and Nicole Röttmer’s realities of climate risk article, which explores how understanding the risks of climate change can allow leaders to safeguard their business and identify opportunities to compete in a decarbonising world.
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Senior Manager in Global Corporate Affairs and Communications, PwC Switzerland
Tel: +41 79 599 9567