The Davos Manifesto

[ANON-X]

https://widgets.weforum.org/history/1973.html

Building an International Organization for Public-Private Cooperation
The Davos Manifesto

At the third European Management Symposium, the Forum broadened its European focus, picking the theme “Shaping Your Future in Europe”. His Royal Highness Prince Bernhard of the Netherlands was the honorary sponsor and the Commission of the European Communities renewed its patronage.

Two developments distinguished this Davos meeting. First, Aurelio Peccei, the Italian industrialist, delivered a speech summarizing The Limits to Growth, a book that had been commissioned by the Club of Rome, the global think tank that he founded. When it was published in 1972, the study had caused a sensation for calling into question the sustainability of global economic growth. The authors outlined the choices that society had to make to reconcile economic development and environmental constraints. The landmark publication sold more than 12 million copies and was translated into over 30 languages.

Second, participants took the initiative to draft a code of ethics based on Klaus Schwab’s stakeholder concept. With just one abstention, all participants approved the text in the final session of the symposium.

From its beginning, the Forum set out the principle that it should neither act as an advocacy group nor express any opinions on behalf of its members or participants. The Davos Manifesto was a rare exception to this policy.