The World Economic Forum convened in Davos earlier this month to discuss top socio-economic priorities, political pledges to address sustainable development goals and key game changers that can still save our people from themselves.
This article gives a nice summary of the top 10 takeaways from the Davos dialogue. In my opinion, the three points that stood out the most were:
1. 'Davos's great Achilles heel remains its aged, white, male membership' - with only 17% female representation on panels it is shocking that half the world's voices still remain relatively unheard.
2. 'We are going to need a new form of governmental and business leadership' - I feel this is gradually happening, especially with policy makes and private sector investors increasingly embracing the growing impact investing space that can help create a new form of more conscious capitalism.
3. 'The SDGs are starting to play their part' - Its interesting that sustainable development is still assuming a top down approach and is shaped by policy-makers and business leaders who have never seen, felt nor heard poverty, in a world where the richest 62 people own as much wealth as the bottom 50%!
Read on for more details and follow me on twitter @NatashaGarcha for more updates on the global sustainable development agenda!
So what to make of Davos this year? Lots of short-term worries (stock market volatility, oil prices, terrorism, migration, Brexit, US elections) jockeyed with the big theme (the Fourth Industrial Revolution). The result? An underlying sense of fear and uncertainty. After a very positive 2015 for the sustainable business movement. With the United Nations’ Sustainable Development Goals and COP21 successfully signed off you sensed a business community that’s climbed onto the highest diving board but is now hesitant to leap, fearful of what lies below. But you also sense that if it hangs around on the edge of the board, business is going to get a fearful shove in the back, from frustrated citizens, fearful investors, edgy governments and dynamic entrepreneurs with a better (for citizen and planet alike) way of doing business.