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 […]

Stakeholder Capitalism: over 50 companies adopt ESG reporting metrics

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. A coalition of over 50 companies have drawn from existing frameworks and co-created a comprehensive set of metrics that highlight the need for consistent ESG reporting. The impact. Global challenges amplified by the COVID-19 pandemic have made Environmental, Social […]

Innovative debt financing could close the digital access gap. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Burke Norton, Senior Managing Director; Co-Head, Perennial Investing, Vista Equity Partners and Bill Horton, Senior Vice-President, Deputy General Counsel and Corporate Secretary, Verizon Communications Digitization of services is on the rise, with digital inclusion affecting access to healthcare, […]

Cambodia’s digital currency can show other central banks the way

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Makoto Takemiya, Co-founder and CEO, Soramitsu The National Bank of Cambodia launched its digital currency, Bakong, in October 2020. Almost 200,000 people use its digital wallet, and almost 6 million have benefited through the use of connected banking […]

Data marketplaces can transform economies. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ran Melamed, Head, Business Development, Orbs Group & Gary LaFever, Chief Executive Officer, Anonos Much of the technology necessary to enable consent and trust in data marketplaces currently exists and is scalable. Opportunities remain to innovate using 4IR […]

These countries are the most optimistic about economic recovery from the pandemic

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content China is the most optimistic country when people are asked when they think there will be an economic recovery from the pandemic. By comparison, people in Russia are the most pessimistic. One […]

The real economy is not a side event in the global decarbonization effort

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Faustine Delasalle, Co-Executive Director, Mission Possible Partnership and Director, Energy Transitions Commission & Anthony Robert Hobley, Co-Executive Director, Mission Possible Partnership and an Executive Fellow, WEF, World Economic Forum The real economy needs to be at the centre […]

How a demand-driven approach could accelerate zero-emission freight transportation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Margi Van Gogh, Head of Supply Chain and Transport, World Economic Forum & Angie Farrag-Thibault, Project Lead, Clean Trucking Initiative, World Economic Forum By greening their supply chains, freight buyers could boost decarbonization efforts in the global freight […]

Regionalization vs globalization: what is the future direction of trade?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Legge, Lecturer and Postdoctoral Researcher in Economics, University of St.Gallen, & Piotr Lukaszuk, Director for Data Forensics, St.Gallen Endowment for Prosperity through Trade Destabilizing world events, including COVID-19 and the Suez Canal blockage, have exposed international trade’s […]

How to solve COVID’s crew change crisis and protect global supply chains

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeremy Nixon, Chief Executive Officer, Ocean Network Express Pte. Ltd Over 1 million seafarers work in tough conditions to support 80% of global trade. COVID-19 pandemic has stranded vast numbers of these key workers at sea. We outline […]

How to harness AI and data portability for greater financial inclusion

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laurent Le Moal, Chief Executive Officer, PayU, Naspers & Amelia Ng, Managing Director, SC Ventures, Standard Chartered Bank Around the world, 1.7 billion people still lack access to a formal bank account. Digital innovations, such as AI, are […]

How trade-based money laundering works and its impact on world finances

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Deya Innab, Chief Strategy and Product Officer, Eastern Networks (EastNets) Trade-based money laundering and associated tax evasion is big business. Financial losses from these crimes in developing countries totalled $9 trillion between 2008 and 2017. Global trade complexities […]

5 practices to prevent and disrupt illicit financial flows

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christian Ulbrich, Global Chief Executive Officer; President, JLL & Katja Bechtel, Practice Lead, Partnering Against Corruption Initiative (PACI), World Economic Forum The illicit financial flow of money and goods is a threat to our sustainable future. Gatekeepers are […]

7 chief economists on how to solve the pandemic’s labour market paradox

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gayle Markovitz, Partnerships Editor, World Economic Forum & Samantha Sault, Writer, Washington DC and Geneva Are we on the verge of the “Roaring Twenties” ­– or will continued unemployment and economic hardship stall the post-pandemic party for the […]

What will a post-pandemic economy look like? Here’s what chief economists expect

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silja Baller, Insights Lead, Frontier Insights, World Economic Forum The World Economic Forum’s most-recent Chief Economists Survey shows most expect a recovery of global GDP to its pre-COVID-19 level by the first half of 2022. Respondents see the […]

Global trade after COVID-19: From fixed capital to human capital

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Alexis Crow, Global Head, Geopolitical Investing, PwC & Samir Saran, President, Observer Research Foundation (ORF) The current trade environment is in a state of flux – but globalization is proving to endure, despite the rising protectionism of the […]

How global trade can save lives and livelihoods – and help protect the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content New Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, joined the World Economic Forum Agenda Dialogues to discuss global trade. Dr Okonjo-Iweala said vaccine policy was crucial to helping the economic recovery […]

Investing in handwashing facilities to protect communities and kickstart economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Petri Gornitzka, Deputy Executive Director, United Nations Children’s Fund (UNICEF) 40% of the world’s population do not have access to handwashing facilities. Hand hygiene should be universally available to protect us from current and future pandemics. UNICEF […]

How central banks are tackling climate change risks

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Silvia Anna Ainio, Policy Officer, European Commission Central banks have an increasingly critical role in tackling climate change policy objectives. Incorporating climate-related risks into regulatory frameworks remains challenging but central banks are starting to lead the way. The […]

11 ways to align global economic governance with green new deal

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Thomas Hale, Associate Professor of Public Policy, Blavatnik School of Government, University of Oxford The clock is ticking to achieve global climate targets amid a devastating pandemic and financial crisis. To aid recovery and the transition to a […]

The future of global trade – in 7 charts

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 Merchandise trade volumes are expected to grow by 8% in 2021, according to World Trade Organization statistics. Production and distribution of vaccines will be key to how the world’s economy performs. Remote […]

Why a green economy is needed to stop Amazon deforestation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ilona Szabó de Carvalho, Executive Director, Igarape, Inc Future of the Amazon rainforest is at a dangerous environmental tipping point if deforestation levels rise another 5%. Collective action must be taken by countries in the Amazon Basin, underpinned […]

Embracing technology as a service will fuel the circular economy. Here’s how.

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Paul Sheeran, Managing Director, Worldwide Channel and SMB, HPE Financial Services Technology as a service has the potential to generate significant growth opportunities for any industry. It offers sustainable outcomes, specific to each industry. Offering as-a-service requires the […]

Why democratizing skills is the key to the post-pandemic economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nahia Orduña, Manager, Solutions Architecture, Amazon Germany • The pandemic has widened the skills gap because of accelerating digitalizations. • Upskilling must happen inclusively and globally to ensure an equitable recovery. • Private organizations with a global footprint […]

Images from space could bolster the global economy – here’s how

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 Data collected from space can help countries tackle issues like water scarcity and food security. Free and openly accessible earth observation data is already being used to predict crop yields and measure […]

Corporate investors hold the key to fostering inclusive entrepreneurship

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ram Jambunathan, SVP and Managing Director, SAP and SAP.iO & Aytug Goksu, Project Lead, Digital Europe, World Economic Forum Corporations need to activate their venturing funds, as well as accelerator, incubation and procurement programs. In doing so they […]

The next decade is critical for the climate. Here’s how the circular economy can help

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Naoko Ishii, Professor, Institute for Future Initiatives, University of Tokyo Net zero cannot be achieved by decarbonizing the energy sector alone. Circularity is needed to tackle climate goals within the next decade. Many of our environmental calamities – […]

How rethinking infrastructure could boost the economy and improve quality of life in the post-COVID world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Negash Haile, Manager of Economic Analysis and Modelling, Infrastructure Canada The pandemic has brought a once-in-a-lifetime opportunity to rethink the type of infrastructure investments we can make and how we deliver them. Canada has joined the ranks of […]

How we measure stakeholder capitalism will determine our recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katica Roy, CEO and Founder, Pipeline Equity Common metrics, which take account of gender and race, will stimulate global efforts necessary for inclusive capitalism to thrive. Taking account of gender and race within those metrics will ensure there […]

How leaders can harness the power of finance and technology for social good

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Professor Durreen Shahnaz, CEO, Impact Investment Exchange (IIX) & Marius Døcker Managing Director, Business for Peace & Rob Acker CEO, Salesforce.org A new imperative around inclusive growth is emerging. A cross-sector movement that combines mindset shifts with technology […]

4 ways to build a net-zero economy by 2050

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Veronica Scotti, Chairperson, Public Sector Solutions, Swiss Re Management Ltd EU Green Deal, worth €1 trillion, puts Europe on course to meet net-zero targets by 2050. Multi-stakeholder approach is needed to build momentum and achieve these goals. Here […]

Here’s what could happen to the global economy this year

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content A PwC report predicts the global economy will grow 5% this year. The issued value of green bonds will surpass $500 billion. G7 public debt levels will exceed $57 trillion. The global […]