Amol Sarva, CEO of Knotel, recounted his experience at the renowned annual World Economic Forum in Davos, Switzerland.
The World Economic Forum gathers political leaders, business executives and celebrities from around the world. While they are not necessarily affiliated with the forum, they still engage with the theme. This year’s was “stakeholder capitalism,” which is the idea that corporations should create value for their shareholders, customers, employees, governments and the environment.
Sarva said that stakeholder capitalism’s impact on real estate will lead it to become more customer focused.
Sarva also said that “Davos felt like an anti-capitalist capitalist club.” While the changes proposed at the forum, such as universal basic income, will be slower to achieve, the switch to more sustainable business practices won’t be.
“We really get something for free at Knotel, which is that when companies use flexible office space, they can lower their carbon footprint by 30%,” said Sarva. “Most companies that are planning on growing lease too much space. Rooms are getting heated and cooled, burning energy while they sit empty, waiting for the company to hire new employees. Companies that use Knotel only take up as much space as they need.”