Microsoft tops list of the most 'just' US corporations
Posted in: Miscellaneous at 13/11/2019 21:24
With capitalism widely under fire in the United States for its contributions to widening wealth inequality and a deepening climate crisis, many Americans have called for major structural change.
But one nonprofit group, JUST Capital, is saying that capitalism itself is not the problem, as long as corporations are made answerable to all stakeholders, and not only to shareholders seeking to maximise financial gain.
To that end, the organisation - billed as "the leading platform for measuring and improving corporate performance in the stakeholder economy" - on Tuesday released new rankings putting Microsoft Corp, NVIDIA Corp and Apple Inc at the top.
Announcing the 2020 Rankings of America’s Most JUST Companies
The imperative of the 21st century is to make capitalism work for more people.
Over the last five years, JUST Capital has surveyed close to 100,000 Americans to find out what they want from corporate America today. What do they value? What issues would they like companies to prioritize? The response has been clear and consistent. Americans want corporations to stop prioritizing shareholders and instead put workers, customers, communities, and the environment at the heart of just business practices.
The good news? 181 of the most influential CEOs agree that it’s time. In August, the Business Roundtable released a new Statement on the Purpose of a Corporation rejecting 40 years of shareholder primacy to adopt a new framework that creates value for all stakeholders – including workers, customers, communities, the environment, and shareholders – “for the future success of our companies, our communities, and our country.”