Why are Nordic companies so successful?

illuminem summarizes for you the essential news of the day. Read the full piece on The Economist or enjoy below:

🗞️ Driving the news: Nordic companies, from giants like IKEA to Novo Nordisk, consistently achieve global success despite originating from small countries
• The region's corporate ecosystem is rooted in a mix of innovation, strong governance, and societal trust
• Leaders like Carlsberg’s CEO (see Carlsberg sustainability performance) point to a cultural emphasis on long-term thinking and adaptability as key factors

🔭 The context: Denmark, Sweden, Norway, and Finland boast efficient welfare systems, high education standards, and robust infrastructure that support business growth
• Nordic firms often focus on sustainability and value-driven business models, appealing to global markets
• Collaboration between public and private sectors fosters innovation and resilience

🌍 Why it matters for the planet: Nordic companies are leaders in sustainability, pioneering green technologies and ethical business practices
• Their success highlights how integrating ESG principles can drive both profitability and global influence

⏭️ What's next: The region is poised to continue its dominance as Nordic companies invest heavily in digitalization and sustainability
• Their model may serve as a blueprint for other countries aiming to balance economic growth with social and environmental responsibility

💬 One quote: “How a country so small could produce so many large companies is part of a bigger puzzle about Danish businesses.” — Jacob Aarup-Andersen, CEO of Carlsberg

📈 One stat: Denmark alone is home to several global leaders, including Carlsberg, Maersk, and Novo Nordisk, despite a population of just 5.8 million

See here the detailed sustainability performance of Carlsberg, Maersk, and Novo Nordisk

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