Paul Polman's advice to CEOs [Fortune]
BAYER AG S/ADR (BAYRY)
NASDAQ:AMEX Investor Relations:
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Source: Fortune
His courageous embrace of stakeholder capitalism, combined with strong results and a 300% shareholder return, inspired other CEOs to take up the cause of ESG, only to downplay such efforts when faced with today's backlash. As Polman said last night at the Fortune Sustainability Dinner in New York, we now face a crisis of leadership in business at a time when we need it most. With record flooding, heat, wildfires, drought, melting, and other symptoms of global warming, there's not much debate about the reality of climate change. It's here. The question is what to do about it while delivering quarterly returns, crowd-pleasing products, and all the other things that keep leaders in their jobs. Polman, who's co-authored the book Net Positive and held senior advisory roles at the UN and elsewhere, called for a more collaborative mindset, cooperative leadership, and what he called “positive advocacy”—lobbying for causes bigger than yourself or your company. Only 5 or 6% of CEOs go to Wa
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