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 Milestone

Featured Stings

How to build a more resilient and inclusive global system

Can we feed everyone without unleashing disaster? Read on

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

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

China is a renewable energy champion. But it’s time for a new approach

250+ senior claims leaders under one roof, exchanging transformation strategy

More needs to be done to bridge the digital gender divide

Parliament commemorates the liberation of Auschwitz 75 years ago

Upgraded EU visa information database to increase security at external borders

Khashoggi murder trials must public and meet international standards, UN expert urges

How LA plans to be 1.6°C cooler by 2050

Seize the opportunities of digital technology to improve well-being but also address the risks

Women’s work faces the greatest risk of automation, says new research

Is a deal over EU budget possible today?

‘Global sisterhood’ tells perpetrators ‘time is up’ for pandemic of violence

WEF Davos 2016 LIVE: “CO2 is not the problem, it is the symptom”, the pilots who crossed the world using solar energy cry out from Davos

“The Belt and Road Initiative should be mutually beneficial for EU and China and every participating country”, Vice-President Papadimoulis of the European Parliament underscores from European Business Summit 2018

Single Market Scoreboard 2020: Member States need to do more to ensure the good functioning of the EU Single Market*

This is what the UK’s major supermarkets say about plastic packaging and the environment

MEPs demand an end to migrant deaths across the Mediterranean Sea

Pakistan’s digital revolution is happening faster than you think

Syria still suffering ‘staggering levels’ of humanitarian need, Security Council hears

From low-earth orbit, ‘envoys’ of humanity join UN space forum

Find unity ‘to halt Libya’s senseless unraveling’, UN envoy urges Security Council

Burnout is a pandemic. Why don’t we talk more about it?

UN chief extends condolences to families of China landslide casualties

Quashing myths on 2019-nCoV for better public management

DR Congo Ebola centre attacks could force retreat against the deadly disease, warns UN health chief

EU-Ukraine Free Trade Agreement sees the light as Moscow’s reaction once more looms

How speaking ‘parentese’ to your child could make them a faster learner

Five-year low inflation for Eurozone and now Mario has to finally wake up the Germans

Idai disaster: Stranded victims still need rescue from heavy rains as UN scales up response

EU-China: Council authorises signature of the agreement on geographical indications

War in Syria: ‘Carnage’, flouting of rights and international law, must stop: Guterres

Youth Forum welcomes European Commission proposal to speed up financing for youth employment

MasterCard at European Business Summit 2015: A focus on innovation will drive inclusive economic growth for Europe

Is technology key to improving global health and education, or just an expensive distraction?

Rule of Law: European Commission refers Poland to the Court of Justice to protect judges from political control

What is behind the wide reach of  fake news about Coronavirus?

EU-Vietnam trade agreement enters into force

Why impoverishment and social exclusion grow in the EU; the affluent north also suffers

COVID-19 and nature are linked. So should be the recovery.

Corporate tax remains a key revenue source, despite falling rates worldwide

Residents and visitors to this Dutch neighborhood could share a pool of cars and bikes

Europe might not avoid new partitioning on Ukrainian crisis

Draghi to hold on zero interest rates until he leaves ECB

This is how drones and other ‘tradetech’ are transforming international trade

Empathy and human connection: how businesses can respond to COVID-19

UNICEF reports uneven progress in 30 years of child rights treaty

3 important lessons from 20 years of working with social entrepreneurs

United States: UN chief ‘deeply saddened’ by deadly California wildfires

Coronavirus: Commission Statement on consulting Member States on proposal to further expand State aid Temporary Framework to recapitalisation measures

Europe united in not supporting a US attack on Syria

These are the world’s 10 most competitive economies in 2019

Apple’s tax avoidance scheme remains as creative as their new iPhone

Practicing healthcare: Skills of a good healthcare professional and its effects

The European Sting live from the World Economic Forum 2015 in Davos

How global tech companies can champion ethical AI

Parliament wants to suspend EU accession negotiations with Turkey

‘Fire-fighting approach’ to humanitarian aid ‘not sustainable’: Deputy UN chief

This is the critical number that shows when housing breaks down

Horn of Africa: UN chief welcomes Djibouti agreement between Eritrea, Ethiopia and Somalia

Guterres appeals for ‘maximum restraint’ over Jammu and Kashmir, as tensions rise

More Stings?

Advertising

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