![]() ![]() The transformations will only be achieved successfully through three critical strategic business mindsets shifts: People and their well-being should become a much bigger part of “sustainability” and tackling inequality will be a top priority. Moreover, the pandemic and the growing social unrest around the world have made clear that the vision will only be successful if we put the “S” of ESG at the center of our thinking and actions in more simple terms: our people and communities. We have less than ten years to get these pathways of transformation on track for a net-zero and nature-positive economy. We need to act faster, together, to lead the critical transformations in the coming decade.īusiness plays a central role in driving and delivering the actions, innovations, products and services, that are required to transform our economic systems, including: energy transportation & mobility living spaces products & materials financial products & services connectivity health & well-being water & sanitation and food. Living “within planetary boundaries” means that nature is protected, restored and used sustainably, and societies have developed sufficient adaptive capacity to build and maintain resilience in a healthy and regenerative Earth system. “Living well” means that everyone’s dignity and rights are respected, basic needs are met, and equal opportunities are available for all. ![]() ![]() Using the latest scientific and development thinking, we have a clear understanding of what that means. Together with our member companies, we believe that 9+ billion people can live well, within planetary boundaries, by 2050. To lay out the roadmap with priorities for the critical decade ahead in support of the essential systemic transformations, WBCSD will – on 25 March – launch a business action-oriented refresh of Vision 2050 that has been in the making over the last 19 months with over 40 businesses from our membership. It also makes the mission of WBCSD so clear.Īs leaders go to Davos to talk about sustainability, they will look at WBCSD to help getting things done. It means that sustainability is no longer about giving back or about a side show in a tent down the Davos boulevard, but that it is placed squarely at the heart of the meetings. As such, it is great news that much of the scope of work at WBCSD is now reflected in the Davos agenda. These developments clearly illustrate that the integration of sustainability in the economic agenda globally has finally made it to Davos. Furthermore, it contains a strong focus on the need to move towards a global standard for ESG disclosures as well as on the need to address the climate emergency. He emphasized the devasting impact that the pandemic has on human lives and the inequality that needs to be addressed. Larry Fink’s annual CEO Letter: confirming that capital markets are starting to change.Global Risks Report: with “climate action failure, extreme weather and biodiversity loss” among the main global risks through to 2030, and societal unrest and growing inequality throughout all parts of the world and.Business is now the most trusted of all institutions and mandated to lead some of the most pressing global challenges Edelman Trust Barometer: showing that trust continues to decline in all parts of the world.Creating fair and inclusive economic systems: focusing on the future of work.Īs usual, a number of important statements were released ahead of and during the week:.Enhancing global stewardship: focusing on the climate crisis and achieving a net-zero world and.Stakeholder capitalism (including the launch of Klaus Schwab’s similarly titled book): making the case for a global economy that works for progress, people and planet.But, above all we need to restore trust in the world.” Building on these priorities, the Davos agenda looked at a number of significant themes: Klaus Schwab called 2021 “a pivotal year, to continue to fight the virus and to find a way to create sound economic growth that is more resilient, more inclusive and more sustainable. This year, the Davos meetings were held virtually and many nevertheless gathered online to discuss the state of the world. Geneva, 31 January 2021: This week traditionally marked the gathering of heads of governments, business leaders and civil society in the snowy mountains of Switzerland for the World Economic Forum annual meeting. Transition Roadmap for Product Use Area.Sustainable Plastics & Packaging Value chains.Policy and Global Treaty on Plastic Pollution.Global Agribusiness Action on Equitable Livelihoods.Policy Advocacy and Member Mobilization (PAMM). ![]()
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