Want to drive inclusive economic growth? Start with manufacturing

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Asutosh Padhi, Managing Partner, North America, McKinsey & Company The decline of the United States’ manufacturing industry has driven inequality and hurt its global competitiveness. Revitalizing manufacturing could add 1.5 million well-paid jobs to the economy and reinvigorate […]

Putting capital markets into stakeholder capitalism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laura M. Cha, Chairman, Hong Kong Exchanges and Clearing (HKEX) Capital markets have a key role to play in building a more equitable and environmentally sustainable economic system. ESG assets under management reached $35 trillion in 2020 and […]

Why the road to stakeholder capitalism begins with diverse boards

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ronald P. O’Hanley, Chairman and Chief Executive Officer, State Street Ronald P. O’Hanley Chairman and Chief Executive Officer, State Street Stakeholder capitalism aims to ensure economies improve society and protect the planet. We need diverse leadership in the […]

Green finance can bolster India’s transition to net-zero. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Amitabh Chaudhry, Managing Director and Chief Executive Officer, Axis Bank The effects of climate change are causing damage to the environment and disrupting economies around the world. India is committed to achieving net-zero emissions by 2070 but its […]

How green corridors can enable the transition to zero-emission shipping

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jesse Fahnestock, Head, Research and Analysis, Global Maritime Forum & Aparajit Pandey, Associate, Energy Transitions Commission Zero-emission fuels and vessels will need to be deployed at scale over the next decade to meet emissions targets by 2050. Green […]

4 reasons ocean industry should embrace data sharing

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mogens L. Mathiesen, Chief Industrial Officer, Centre for the Fourth Industrial Revolution, Ocean Ocean industry practices are under scrutiny due to advances in surveillance technology. The industry has a responsibility to be more transparent about how their activities […]

How farming innovations can feed the world and protect the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: J. Erik Fyrwald, Chief Executive Officer, Syngenta Group Approximately 40% of the global population cannot afford a healthy diet. Agriculture industry is vulnerable to climate impacts, making it harder to support a growing population. Innovative technologies and practices […]

How to address sustainable investment backlash and improve ESG reporting

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Meagan Andrews, Community Curator, Investors Industries, World Economic Forum The fast-growing sustainable investment sector is coming under scrutiny. Many investors are concerned by the possibility of greenwashing. Stronger definition of ESG products is needed, while investors must hold […]

Here’s how rising inflation is affecting us around the world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Inflation is pushing up the prices of essential goods such as food, transport and utilities. More than two-thirds of people around the world are feeling the squeeze, according to new research. As […]

How to beat the 3 challenges to building inclusive digital financial services

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ben Weisman, Project Lead, Financial Innovation, World Economic Forum, Bryan Zheng Zhang, Executive Director, Cambridge Centre for Alternative Finance, the University of Cambridge Judge Business School, Hunter Sims, Associate Director of Business & Operations, Cambridge Centre for Alternative […]

COVID-19’s impact on jobs and education: using data to cushion the blow

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jerica Isabel L. Reyes, Global Shapers, Manila Hub, Philippines, Veronica Renee Carlos, Global Shapers, Manila Hub, Philippines, Johnathan Watkins, PILAR Research Network, London, United Kingdom, & Jimuel Celeste Jr., Department of Computer Science, University of the Philippines Diliman […]

How to spare low-income countries from ‘economic collapse’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Many less-wealthy countries face worsening debt problems as the pandemic lingers. Some say the design of the global financial system is inherently unfair to them. An initiative designed to […]

Stakeholder Capitalism: A brief history of GDP – and what could come next

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Vanham, Head of Communications, Chairman’s Office, World Economic Forum As the World Economic Forum launches the video-podcast Stakeholder Capitalism, host and author Peter Vanham looks at GDP, the focus of episode 1. Gross Domestic Product (GDP) is […]

5 barriers to using recycled materials to boost the circular economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mayuri Wijayasundara, Lecturer, Deakin University Recycled materials could be used across manufacturing to make production processes greener and more sustainable. Significant challenges remain in terms of gaining widespread buy-in from manufacturers to use of recycled materials instead of […]

3 lessons for financing forest conservation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School There is a shortfall in the annual expenditure required to preserve the planet’s biodiversity. Without private investment dollars, this deficit is likely to persist indefinitely. Analysing […]

Globalization and world trade bounce back from the impact of COVID-19: report

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Reports of the demise of globalization due to COVID-19 have proved premature, says global connectedness report. World trade of goods has surged to pre-pandemic levels despite supply chain problems. But many countries […]

This is how COVID-19 hit household expenditure in Europe

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content New data reveals that COVID-19 reduced Europe’s household spending by 8% in 2020. Nations with the severest lockdowns saw the most dramatic drop in household consumption, says Eurostat. Elsewhere, consumer spending in […]

4 expert views on how to accelerate investment in green buildings and decarbonize cities

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Vincent Minier, Vice-President, Global Strategy, Prospective and External Affairs; Senior Project Fellow, ENMATI, Schneider Electric & Oliver Tsai, Platform Curator, World Economic Forum Cities are major carbon emitters and with urban populations set to rise it’s imperative we […]

Digital currencies are cutting across borders. Here’s how regulators can catch up

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Ho, Head of Legal, Financial Markets, Standard Chartered Bank, Erin English, Director, Thought Leadership and Policy Research at Visa, Visa, Alejandro Rothamel, Chief Legal Officer, Ripio, Shearin Cao, Executive Director, Group Public and Regulatory Affairs, Standard Chartered […]

Black Friday – Consumers are still shopping but searching harder for bargains

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content This year there are specific challenges to the traditional festive gift-buying season. Despite inflation and shortages, Black Friday sales are rising in countries free of lockdowns. The bad news for retailers is […]

What play-to-earn gaming can tell us about the future of the digital economy – and the metaverse

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Brambilla Hall, Project Lead, Media, Entertainment and Sport, World Economic Forum Geneva & Moritz Baier-Lentz, Partner, BITKRAFT Ventures Play-to-earn games could bring digital identity, assets, and ownership into players’ hands as the gaming industry is becoming decentralized. […]

Will WTO members act now to end harmful fisheries subsidies?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Thomson, UN Secretary-General’s Special Envoy for the Ocean and Co-Chair, Friends of Ocean Action Every year over $20 billion of taxpayers’ money funds harmful fisheries subsidies around the world. Members of the WTO have been negotiating rules […]

The UN tells Elon Musk how his money could end world hunger

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Senior Writer, Formative Content The Tesla founder has offered to pay to end world hunger if the UN explains how it would spend his money. Responding to the challenge, the UN’s World Food Programme has produced […]

Is infinite economic growth possible on a finite planet?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Riya Master, Undergraduate Research Fellow, Harvard Medical School 7 Neha Rana, Undergraduate Research Fellow, Harvard Medical School 7 Ben Grobman, Medical Student, Harvard Medical School 7 David Duong, Director, Program in Global Primary Care and Social Change, Harvard […]

4 key cybersecurity threats to new central bank digital currencies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sebastian Banescu, Senior Research Engineer / Security Auditor, Quantstamp & Ben Borodach, Vice-President, Strategy and Operations, Team8 & Ashley Lannquist, Project Lead, Blockchain and Distributed Ledger Technology, World Economic Forum Central bank digital currencies (CBDC) are increasing in […]

These economies have the best ‘brand’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content The Nation Brands Index has ranked economies by brand appeal since 2008. 2021 is the seventh year that Germany has topped the Index for its brand. Canada, Japan and Italy are amongst […]

In a quantum future, our economy needs to be protected. A cybersecurity expert explains why 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Abhinav Chugh, Acting Content and Partnerships Lead, World Economic Forum The dawn of the quantum computing age brings with it many potential new risks – including those related to security. Government agencies and industry groups have expressed a […]

Forget 2050, investors should demand action now on oil and gas

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ben Ratner, Associate Vice President , Environmental Defense Fund & Erin Blanton, Senior Research Scholar, Center on Global Energy Policy, Columbia University Many corporations have committed to net zero by 2050, but the reality is that actions in […]

Earth is reaching its best-by date. Better food processing and packaging can help restore its health

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Lars Holmquist, Executive Vice-President, Sustainability & Communications, Tetra Pak The world currently wastes one-third of all food produced. The food processing and packaging industry can contribute to the transformation of food systems. Food packaging can adopt many approaches […]

Investment, bans and goals: Everything to know about the environment this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Formative Content This weekly round-up brings you some of the key environment stories from the past seven days, to help keep you up to date. Top stories: Call for urgent action on biodiversity; IEA calls […]

Banks can achieve net-zero pledge by 2050. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Colas, Partner; Vice-Chairman, Financial Services, Americas, Oliver Wyman Group (MMC) The UN group, Net-Zero Banking Alliance, have pledged to reach net-zero carbon emissions across their lending portfolios by 2050. Banks can influence corporate behaviour by offering loans […]

When corporations and social enterprises work together, they can change the world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Yasmina Zaidman, Chief Partnerships Officer, Acumen & Åsa Skogström Feldt, Manager, IKEA Social Entrepreneurship, Inter IKEA Group & Saskia Bruysten, Co-Founder and Chief Executive Officer, Yunus Social Business There is an untapped opportunity for corporations and social enterprises […]

We must reform trade to build a sustainable, inclusive global recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Børge Brende, President, World Economic Forum & José Viñals Group Chairman, Standard Chartered Bank Trade policy needs to evolve to meet growing global challenges. 29 CEOs and Chairpersons from five continents have called on world leaders to update […]