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The World’s Biggest Companies Agree: Rising Inequality Is a Threat

US-SOCIAL-HOMELESS

Photographer: Frederic J. Brown/AFP via Getty Images

More than 30 of the world’s biggest companies signed on to an effort to spread the benefits of economic growth, saying that rising inequality is the “defining challenge of our time.”

The initiative, sponsored by the Organization for Economic Cooperation and Development, is set to be unveiled by President Emmanuel Macron as he prepares to host the G7 summit this weekend in Biarritz, France. Participants include international giants such as JPMorgan Chase & Co., L’Oreal and Danone.