Unilever CEO Thinks Capitalism Needs Some Fixing

Unilever chief executive officer Paul Polman said he thinks capitalism as it is right now is burdened with several weaknesses, including its over-consumption of natural resources. Polman said the inability of international organizations to deal with the effects of globalization only worsens the impact of resource depletion, which is forecast to get worse in the future. Unilever’s move against quarterly financial reporting was aimed at reforming the company’s culture that was too focused on short-term results. Also, Unilever’s integration of sustainability into its business operations and enhancement of its competitiveness helped improve its revenue performance.