Summary of Davos Manifesto 2020

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Davos Manifesto 2020 summary

Editorial Rating



With the release of the “Davos Manifesto 2020,” the World Economic Forum (WEF) challenges the notion that a corporation’s sole purpose is to serve shareholders and maximize profits. WEF founder and executive chairman Karl Schwab maintains that the shareholder-centric model no longer fits early 21st-century realities, including climate change, globalization and digital transformation. His manifesto calls upon every organization to “engage all its stakeholders” and create value that benefits everyone. The manifesto is thought-provoking and worth a read, regardless of whether it remains merely a statement of principle or a guide to a new era of responsible corporate governance.

About the Author

Klaus Schwab is the founder and executive chairman of the World Economic Forum.


Companies have responsibilities beyond serving their shareholders to also include customers, employees and suppliers.

To ensure their long-term sustainability, companies must move beyond a shareholder-centric model and instead factor all stakeholders into strategic corporate decisions. Companies should strive to produce products and services that best serve their customers’ needs and aim to be fully transparent about their products’ features and potential risks...

Comment on this summary

More on this topic

Global Warming. Inequality. Covid-19. And Al Gore Is…Optimistic?
What Companies Can Learn from World Leaders in Societal Impact
Chemical Companies Need a Bold New Approach to Value Levers
As Pressure to Upskill Grows, 5 Models Emerge
Work for a Brighter Future
Lighthouses for a Perfect Storm

Related Channels