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Recorded live on the final day of WEF 2026 in Davos, David Bach sits down with colleague and fellow IMD professor Julia Binder to unpack what shaped the week beyond the headlines – and why there is room for optimism. Bach reflects on two competing visions now emerging in global affairs: a world driven by raw power, and an alternative he describes as values-based realism or principled pragmatism, insisting on “a commitment to democracy, the rule of law, human rights, free speech, self-determination, and respect for sovereignty” while recognizing and navigating the distribution of power and influence. While discussions on sustainability and greater inclusion were less present on the main stage, Binder shares her assessment from behind the scenes: “It’s not that the sustainability conversation is dead. It’s happening under different terms. It’s reframed,” she explains. Many companies, she notes, are practicing quiet corporate activism: “We can’t speak out at the moment, but actually our actions do not just continue – we’re doubling down, we’re putting more money on the table.” Overall, a new logic dominates the transition: “those that will win the race for AI are the ones that manage energy better.” Our Guest: Julia Binder is the Director of IMD's Center for Sustainable and Inclusive Business, a Young Global Leader of the World Economic Forum, and the host of “Inside the Transition”. She works with organizations globally on transformation and helps leaders turn sustainability and societal challenges into strategic opportunity. LinkedIn: / julia-k-binder (LinkedIn) Time Codes: 00:00 Live from Davos: why WEF 2026 mattered 01:38 What Davos really is: the Congress Center, houses, and the “shadow WEF” 03:42 What headlines missed: the conversations beneath geopolitics 04:25 Sustainability isn’t dead — it’s been reframed 05:20 AI’s real bottleneck: energy 07:10 Elon Musk, solar, and hard economics 08:38 India, growth, and renewables 11:47 Young Global Leaders and the power of diverse perspectives 16:06 Quiet corporate activism 18:05 A new world order: values-based realism and business leadership Resources: “The Case for Quiet Corporate Activism” (MIT Sloan Management Review) (LinkedIn) Planetary Boundaries framework (Stockholm Resilience Centre overview) https://www.stockholmresilience.org/r... International Energy Agency (IEA) — World Energy Outlook https://www.iea.org/reports/world-ene... 🔔 Subscribe to Leaders Unplugged for candid conversations with the impactful. Connect with IMD: Follow IMD on Instagram: @imdbusinessschool Follow IMD on LinkedIn: @imd-business-school Follow IMD on BlueSky: @imdbusinessschool.bsky.social Follow IMD on Facebook: @imdbschool Follow IMD on Substack: https://substack.com/@ibyimd