3 things to know about our Sustainable Development Impact Summit

sustainable water

(Credit: Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Katharine Rooney, Senior Writer, Formative Content


How can we accelerate action on sustainable development?

Global leaders are set to take stock of the 17 goals they’ve set themselves at a meeting on the fringes of the United Nations General Assembly in New York. The World Economic Forum’s Sustainable Development Impact Summit (SDIS) on September 23-24 brings together hundreds of leaders from government, business and civil society to help find solutions to major challenges around climate change, health, inclusion and technology.

Here are three things you should know about their gathering:

In 2015, world leaders established 17 goals to help create a more equal world.
Image: United Nations

It has two climate-friendly world leaders as co-chairs

Chilean President Sebastián Piñera Echenique and Mark Rutte, Prime Minister of the Netherlands, are co-chairing this year’s summit, alongside the CEO of IKEA Retail, the Chair of Booking.com and the co-founder of Bye Bye Plastic Bags.

What is the World Economic Forum’s Sustainable Development Impact summit?

It’s an annual meeting featuring top examples of public-private cooperation and Fourth Industrial Revolution technologies being used to develop the sustainable development agenda.

It runs alongside the United Nations General Assembly, which this year features a one-day climate summit. This is timely given rising public fears – and citizen action – over weather conditions, pollution, ocean health and dwindling wildlife. It also reflects the understanding of the growing business case for action.

The UN’s Strategic Development Goals and the Paris Agreement provide the architecture for resolving many of these challenges. But to achieve this, we need to change the patterns of production, operation and consumption.

The World Economic Forum’s work is key, with the summit offering the opportunity to debate, discuss and engage on these issues at a global policy level.

In September 2018, the Netherlands committed $5.5 million to the P4G partnerships initiative for sustainable global growth, with Mark Rutte saying: “We must act in concert with other nations because no country and no government can fight climate change alone.”

Chile, which is hosting the Santiago Climate Change Conference in December 2019, has pledged to phase out coal plants by 2040.

It’s putting displaced people at the heart of investment

Unlocking capital for the displaced and marginalized will be a key focus. In January 2019, the Forum launched a Humanitarian Investing Initiative to support long-term investment for the management of aid and refugee settlement.

The scale of global displacement is huge, affecting more than 70 million people worldwide. In recent years, there has been an increase in refugee lens investing: funding initiatives that help give the most vulnerable the tools they need to integrate – whether that’s learning new skills or setting up small businesses.

“The humanitarian response system is important work for providing basic necessities for survival, but everyone engaged recognizes it is not sustainable,” Refugee Investment Network founder John Kluge recently told Euromoney.

It’s encouraging entrepreneurialism

The skills demanded for jobs are forecast to change dramatically by 2020, and at least 1 in 4 workers in OECD countries is already reporting a mismatch in their current role.

Part of the problem is that more than half of the world’s population isn’t yet online.The industries enabled by the Fourth Industrial Revolution are likely to reshape the global economy – but those living in hard-to-reach areas with no connectivity are missing out on opportunities.

The Forum’s Internet for All initiative is already having an impact, introducing blended finance to connectivity investing and helping to get people online in Rwanda and South Africa.

That’s where gatherings like SDIS come in, with participants discussing how to bolster local entrepreneurship and innovation, so that global growth is more equitable, and fewer people are left behind.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

UN chief sends condolences to families of Malawi flood victims

Food safety: Enhancing consumer trust in EU risk assessment and authorisation

This company helps women to become solar entrepreneurs

Continuing incarceration of women’s rights activists in Saudi Arabia, ‘reprehensible’: UN experts

7 simple steps we can all take to reduce food waste

Globalization is changing. Here’s how your business can adapt

The rise and rise of media on your mobile phone – in one chart

The impact of COVID-19 on the life of the elderly

UN spotlights digitization of audiovisual archives to preserve human history on World Day

Central Africans ‘need our help now’: UN’s deputy relief chief

UN human rights report cites ‘multiple root causes’ of deadly Chile protests

3 important lessons from 20 years of working with social entrepreneurs

Employment: Commission proposes €1.6 million from Globalisation Adjustment Fund to help 400 workers made redundant in Carrefour Belgique

Support ‘winds of change’ in DR Congo to consolidate positive developments, urges UN mission chief

What we take for granted: The EU is not perfect

Healthcare workers’ safety: a forgotten necessity

As COP25 goes into the night, Guterres calls for more climate ambition

European Commission registers Χαλλούμι/Halloumi/Hellim as a Protected Designation of Origin (PDO)

G20: Less growth, more austerity for developing countries

Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds

WEF Davos 2016 LIVE: “Chinese economy has great potential, resilience and ample space for policy adjustment”, China’s Vice President Li Yuanchao reassures from Davos

Millions denied citizenship due to ideas of national, ethnic or racial ‘purity’: UN rights expert

Paris, Washington, IMF against Berlin and ECB on money and interest

Myanmar: New UN envoy offers to serve ‘as a bridge’, recognizes ‘positive steps’ over Rakhine state

Guinea-Bissau spotlights threats of organized crime, Sahel terrorism in speech to UN Assembly

COVID-19: What you need to know about the coronavirus pandemic on 4 January

Palm Oil: With Malaysia cracking down on production, what’s the alternative?

A Monday to watch the final act of a Greek tragedy; will there be catharsis or more fear?

Data exchanges: Strengthening Europol cooperation with non-EU countries

Migration and rule of law on next ACP-EU Parliamentary Assembly agenda

Violence on the rise in Darfur following Sudan military takeover, but UN-AU peacekeeping mission maintains ‘robust posture’

This is why retail is such a sore point in India-US trade relations

President David Sassoli to visit Skopje: “Remain on the European track”

Former Chilean President Bachelet put forward by UN chief as next High Commissioner for Human Rights

How to keep essential value chains moving during the COVID-19 crisis

Mergers: Commission opens in-depth investigation into proposed acquisition of Metallo by Aurubis

A small group of world leaders are standing together against inequality

EU budget 2019 approved: focus on the young, innovation and migration

Forget 2009, this is the real credit crisis of our time

Energy Union: deals on efficiency targets and governance

UPDATED: Thousands flee fighting around Libyan capital as Guterres condemns escalation, urges ‘immediate halt’ to all military operations

New seat projections for the next European Parliament

The new era of Matriarchy?

4 ways to keep the momentum rolling on mental health

Services are the hidden side of the US-China trade war

Spring 2019 Economic Forecast: Growth continues at a more moderate pace

Visa-free access to the EU for UK nationals and to the UK for EU nationals

Top officials say UN will support Bahamas’ rescue, relief efforts as Hurricane Dorian churns in Atlantic

Budget Committee backs €2.3 million worth of aid to help 550 redundant media workers in Greece

Human rights on film: International festival celebrates mobile phone films for a cause

EU fight against tax-evasion and money laundering blocked by Britain

World Population Day: ‘A matter of human rights’ says UN

Ahead of UN summit, leading scientists warn climate change ‘hitting harder and sooner’ than forecast

The invisible L word: the struggles to achieve SRHR, as HIV/AIDS prevention and treatment for lesbian population

To solve the climate crisis, we need an investment revolution

‘Great Pacific Garbage Patch’ clean-up project launches trial run: UN Environment

Parliament votes reform for better European Co2 market but critics want it sooner than later

How COVID-19 accelerated the shift towards TradeTech

Why the UK government must do more to boost green revolution

On Brexit: the outcome of UK elections next May to be based on false promises?

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s