Why loneliness is a drain on the bottom line

At our Danske Bank New York Summit 2021, renowned thought leader Noreena Hertz provided us with her perspective on loneliness as an increasing risk factor for companies.

Through New York Summit -- transformed into a series of virtual sessions -- Danske Bank sheds light on current economic, investment and geopolitical topics. Noreena Hertz is a renowned thought leader, academic, and broadcaster.


Watch a short recap

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Key takeaways from Hertz

  • 40 per cent of office workers globally feel lonely. Lonely workers are less productive, less motivated, more likely to quit a company than workers who don't feel lonely. So loneliness is a drain on the bottom line.
  • We're talking a lot nowadays about the environmental aspect of ESG, especially in the wake of COP. Rightly so, but I believe that the social aspect of ESG is going to be increasingly in the spotlight over the coming months and years.
  • Think about social loneliness not only as important in the battle for talent, not only important to retain employees, not only important to enhance productivity and motivation and engagement, but also increasingly a risk factor for companies who don't do something to address it in-house.
  • I believe that there's a real market opportunity here, not only in the tech space, but also in physical co-working, co-living spaces, big opportunities, shared experiences, things like that.

About Hertz

  • Noreena Hertz is a renowned thought leader, academic, and broadcaster, named by The Observer “one of the world’s leading thinkers” and by Vogue “one of the world’s most inspiring women.”
  • Her latest book The Lonely Century - How to Restore Human Connection in a World That’s Pulling Apart came out in the UK in Fall 2020 to great acclaim and was chosen by the Daily Telegraph as “One of the Top Five Books of 2020”, The Financial Times as one of their ”Great Reads” and by Wired as one of the “Best Reads of 2020”.
  • Noreena’s previous bestsellers—The Silent Takeover, The Debt Threat, and Eyes Wide Open—have been published in more than twenty countries, and her opinion pieces have appeared in The New York Times, The Washington Post, The Wall Street Journal, The Guardian, and Financial Times.

New York Summit - what you need to know

  • A recurring annual event for Danske Bank’s corporate and institutional clients about investments, economy, politics and geopolitics.
  • Featuring some of the world’s most prominent thinkers, analysts and strategists.
  • Usually the event takes place in New York. Due to the global Covid-19 pandemic, as last year it was decided to transform this year’s event into a series of virtual sessions.

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