'Damaged ideology': business must reinvent capitalism – ex-Unilever boss

Firms that take a lead on world's biggest problems will be most successful, says Paul Polman

A former boss of Unilever has said capitalism is a "damaged ideology" that must reinvent itself to survive by doing more to combat inequality and the climate emergency.

Paul Polman said companies that took a lead on the world's biggest problems would be the most successful of the 21st century. Companies that put short-term profit ahead of long-term sustainability would not survive, he said.