Take on Tomorrow

Stakeholder capitalism is the idea that businesses have a responsibility to groups other than their shareholders. But is that really capitalism? Why are so many businesses embracing this idea? And, given that stakeholders often have conflicting views, can it work in practice?  Lizzie and Ayesha are joined by Alison Taylor, the director of Ethical Systems at NYU’s Stern School of Business, and Richard Oldfield, PwC’s global markets leader, to discuss what stakeholder capitalism means for businesses and for society. 

The reporting of corporate data matters—and not just to accountants and stock analysts. The way in which companies make progress when dealing with climate change, building more diverse workforces, and complying with regulation has become a differentiating factor. Stakeholders of all kinds are demanding information that is more detailed, more readily measured, and more easily verified. Understanding how reporting builds trust is a key item on leaders’ agendas. This week, we get an important download on the power of reporting. We’ll hear from Emmanuel Faber, chair of the International Sustainability Standards Board; Eelco van der Enden, CEO of the Global Reporting Initiative; and Nadja Picard, PwC’s global reporting leader, and listen in on a panel discussion they held at the World Economic Forum’s Annual Meeting in Davos. Then, Nadja joins Lizzie and Ayesha to discuss what it all means for society.

There’s an old saying: people overestimate the impact of technology in the short term and underestimate it in the long term. Is that what’s happening with crypto? There’s a lot of news about cryptocurrencies, but are we paying too little attention to the long-term impacts of the underlying technology? Joined by Sheila Bair, the former chair of the US Federal Deposit Insurance Corporation (FDIC), and Vicki Huff Eckert, a retired PwC US partner who served as vice chair for PwC’s US technology, media, and telecommunications sector, we’ll ponder how blockchain, and the cryptocurrencies that exist because of it, could affect financial systems and transform business and society—ready or not. 

From cyber-attacks and supply-chain disruption to hurricanes and pandemics, the list of things that can go wrong for a company is long and it is growing. So how can businesses prepare for the unknown?   Hosts Lizzie O’Leary and Ayesha Hazarika meet with the former head of the United States’ Federal Emergency Management Agency (FEMA) Craig Fugate - inventor of the Waffle House Index, by the way - and PwC UK Crisis and Resilience Partner Bobbie Ramsden-Knowles to discuss how business can help society and organisations be better prepared, before the next disaster strikes. 

The rapid development of the mRNA covid vaccine shows that breakthrough innovation can happen at great pace when needed - so what’s holding us back in other areas? How can the world – and business – deliver transformational new technologies at speed?  Drawing on lessons from the development of other breakthrough technologies, Chief Operating Officer of Wellcome Leap and former acting director of the United States’ Defense Advanced Research Projects Agency (DARPA), Ken Gabriel, talks about the recipe for breakthrough, rather than incremental, innovation.  He is joined by PwC UK’s Leo Johnson, Head of Disruption & Innovation, to discuss the future of innovation for some of society’s biggest challenges and the crucial issue of trust. 

Data is one of the most valuable and most dangerous things a business can collect. While gathering data helps businesses better understand customers, it also exposes them to concerns about privacy, data security and trust. And if trust is lost, it is very difficult to earn back.  So, does taking privacy seriously make for better business?  Hosts Lizzie O’Leary and Ayesha Hazarika are joined by Apple’s Chief Privacy Officer Jane Horvath and Pat Moran, Head of Cybersecurity and Incident Response for PwC Ireland (Republic of). We hear the lessons they’ve learned working across high-level cybersecurity and privacy concerns, and why this topic is more important than ever for business leaders.

How can business help solve society’s biggest problems? Take on Tomorrow brings together leading experts from around the globe to figure out what business could and should be doing to tackle the greatest challenges facing the world; from privacy to climate change to crypto. Join hosts Ayesha Hazarika, columnist and senior political advisor in London and Lizzie O’Leary, business journalist in New York, and hear some of the brightest minds and boldest thinkers on how they’re taking on these problems, and how you could too.