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Your guide to what the American elections mean for the year 2024 for Washington and the world
Last Monday, as the new President Donald Trump Declare After the United States government has now recognized only two types of both sexes, male and female, the victory of institutional diversity was very welcome in Davos.
He was directed at a president who had just spoke at the sidelines of the World Economic Forum about a sexually transformed employee who had long dreamed of adopting a child and buying a house for her mother.
“A few months ago, she wrote to me and said:” I have done both things together, “the president said, and he seemed clearly happy with the opportunities available to women now in a company trying to make its working power more and more beautiful.
This name is the business warrior? Berra Agharwal Hippar, President of Hindustan Zinc Mining Company in India and the non -executive director of the Fida Mining and Energy Group founded by her father, Anil Aguardus.
To avoid doubt, the idea of waking up mining seems logical as Trump's practice of yoga.
Hippar was in no way, the only leader in Davos, who explained that Maga's vision of companies would face resistance by the boards of directors that found that the diversity and environmental measures it adopted years ago seem financially logical.
“We will not change the course,” said Dara Khusroshi, CEO of Uber, in an interview with the Financial Times at the Alps meeting. “We believe that building a varied and universal recruitment set and thinks about all aspects of the work is a positive thing, and this is just a good job.”
“It will be very brief not to represent the consumers we serve, and we serve a very wide and varied collection of consumers,” said Patrice Lowett, Ralph Lauren's president, lightly.
However, Davos also showed Trump's war on what he later called “World War II”. “absolute The “nonsense” cannot be ignored about DEI measures. I have not heard a single executive president at the World Economic Forum meeting using an explicit language like Trump. But the gestures of the president's pledge to make America a “merit -based country” were clear.
“We need to create an environment in which people feel covered and “There must be a merit system where everyone has the opportunity to succeed,” said Rich Lesser, the global president of the Boston Consulting Group. One forum It happened.
Trump's approach may encourage some business leaders to follow Meta, McDonald's Wall Mart and other major American companies that have already reduced their DEI programs amid Trump's return.
It is easy to imagine that the executives eager to end work policies from home may be an inspiration to move after Trump's day One Federal employees have five days a week.
But things become more complicated when it comes to Trump's efforts to make fossil fuels great again.
The Wall Street banks have already withdrew from Safi Safir alliances after Trump's re -election, which sparked speculation in Davos that the future of sustainability departments in banking companies may not be bright.
A number of executives in their private conversations said they may now talk less about saving the planet and more about strengthening “flexibility” when it comes to their climate work.
However, 40 CEOs gathered in the Swiss ski city to enhance the movements in their sectors that support and protect nature. “This indicates that there is another aspect of the reverse reaction story on environmental, social and governance standards,” said Jack Hurd, head of the Nature Department at the World Economic Forum.
Other leaders said that years of experience showed the financial wisdom of carbon reduction measures.
“It is incredibly beneficial from an economic point of view,” said Lee Gissper Broadin, CEO of Ingeka Group, the main retail company in IKEA, while the Davos conference was close to its end.
He said that reducing emissions from supply chains and operations focused interest on resources and costs, which in turn helped Inca revenues to grow by 24 percent since 2016, while carbon emissions decreased by 30 percent.
Andrew Forest, the Australian billionaire who was determined to convert his collection to the Fortescue iron mining into an exhibition of green industry, had a similar story. Although only a third of the road was crossed by his carbon removal plans, he said that the economic situation was clear.
He said that the companies that jumped on the anti -environmental and social standards and governance said: “Let's go ahead with the utmost speed, and move in the icebergs”, was shocked. “It will be like the Titanic because the climate does not care about our policy, and the situation is getting worse.”
