Benchmarking income inequality would advance the inclusion of social issues in investment decisions the same way carbon footprinting has for environmental issues, according to global human rights leader, Kerry Kennedy.
Being a signatory to the Business Roundtable’s statement of the purpose of a corporation did not bear fruit when it came to a company’s responsiveness to COVID-19 pandemic and inequality issues, a groundbreaking new initiative has revealed.
Rebecca Henderson, the John and Natty McArthur University Professor at Harvard University who co-teaches Reimagining Capitalism at HBS, says inequality is equal to climate risk in its potential impact. She told delegates at the Fiduciary Investors Symposium at Harvard University when a system no longer generates freedom and prosperity it must be changed. Change is possible because we have the resources and technology to do it. A first move is decent jobs for people at the “bottom”.
"If we don’t heal the fractures of today’s workforce that have been caused by the current model of greed, we will see even greater inequality in years to come," says Sharan Burrow, general secretary, International Trade Union Confederation.
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