The World Economic Forum has signed an agreement to boost multistakeholder cooperation on environmental policy with the China Council on International Cooperation on Environment and Development, an influential advisory body to China’s State Council. The CCICED includes Chinese and international experts.
The MoU comes shortly after Xi Jinping, President of the People’s Republic of China, stressed the importance of the UN Paris Climate Agreement in his keynote address at the World Economic Forum Annual Meeting in Davos as “a hard-won achievement that is in keeping with the underlying trend of global development.”
The collaboration will explore how circular and sharing-economy models can create a more resource-efficient society in China, and will also focus on other areas including oceans, the potential of new technologies for the environment, and climate change. An early output will involve research using anonymized data from sharing-economy companies and the analytical support of the MIT Senseable Cities Lab.
China has ambitious plans to reduce waste and tackle carbon emissions. Its government has promoted the recirculation of waste materials through targets, policies, financial measures and legislation. The goal is a “circular economy”, which includes closing industrial loops to turn outputs from one manufacturer into inputs for another and reducing the consumption of virgin materials and the generation of waste.
“In the past decade, China has made important progress in both the theory and practice of the circular economy, bringing environmental and economic benefits to key industries. For instance, with an annual output of over 2 trillion yuan, the resource recycling industry is growing by 15% annually and employs more than 30 million people. The application of big data and a new round of technological revolution will deepen regional and international cooperation in circular economy, and facilitate the realization of 2030 Sustainable Development Goals,” said Fang Li, Assistant Secretary-General of CCICED Secretariat, and Deputy Director-General of the Foreign Economic Cooperation Office at the Ministry of Environmental Protection, People’s Republic of China.
“China is pursuing the world’s largest public-private renewable energy and green-infrastructure investment programme and is also committed to accelerating the circular and sharing economy, driven by technology and business-model innovation to promote mass innovation and entrepreneurialism and to decouple growth from resource use. Through this unprecedented collaboration, which includes harnessing the Fourth Industrial Revolution for the environment, we are delighted to help support China’s leadership in environment and economic transformation,” said Dominic Waughray, Head of Public-Private Partnership and Member of the Executive Committee at the World Economic Forum.
“This collaboration shows China’s commitment to exploring new economic models for sustainable and inclusive growth. We believe that our joint work will yield important case studies and policy recommendations for leaders. We hope that this partnership can serve as a role model for collaboration with other thought leaders in China who are committed to improving the state of the world,” said David Aikman, Chief Representative Officer, China, and Member of the Executive Committee at the World Economic Forum.
The collaboration will form part of the Platform for Accelerating the Circular Economy, a global project with regional hubs in China, Africa, North America, Latin America and Europe. The platform is chaired by Frans van Houten, President and Chief Executive Officer of Royal Philips, Netherlands; Naoko Ishii, Chief Executive Officer and Chairperson of the Global Environment Facility, USA; and Erik Solheim, Executive Director of the United Nations Environment Programme (UNEP), Nairobi. It is hosted by the World Economic Forum with support from Accenture Strategy.
The agreement was signed at the World Economic Forum Annual Meeting 2017 by Fang, Aikman and Waughray, and It was witnessed by Catherine McKenna, Minister of Environment and Climate Change of Canada, and International Executive Vice-Chair of the CCICED, who added: “China can play an important role in accelerating the shift to a clean-growth economy. I am very pleased to see the Council build on its accomplishments by joining this new partnership.”
A key collaborator in the World Economic Forum’s circular economy initiative is the Ellen MacArthur Foundation. Dame Ellen MacArthur, its founder said: “In 2009, China was the first country to adopt circular-economy legislation, clearly recognizing the need to address the gap between anticipated economic demand and the supply of finite resources. Today’s announced collaboration between the Chinese government and the World Economic Forum, which is committed to accelerating the transition to a circular economy, sends a very strong signal of the importance of this topic and its take-up globally.”
“Accenture Strategy is pleased to see this MoU signed for the Chinese Platform for Accelerating the Circular Economy. We look forward to assisting the work of the hub on transforming consumption patterns through sharing and circular models, and to helping enable mass entrepreneurship and innovation,” said Peter Lacy, Global Managing Director, Strategy and Sustainability, Accenture, United Kingdom.
Multilateralism: The only path to address the world’s troubles
As the world’s problems grow, multilateralism represents to best path to meet the challenges that lie ahead, said United Nations Secretary-General António Guterres on Tuesday, launching his annual report.
The Report of the Secretary-General on the Work of the Organization for 2018, also tracks the progress made over the last year in maintaining peace and security, protecting human rights, and promoting sustainable development.
“I started my tenure calling for 2017 to be a year of peace, yet peace remains elusive,” said the UN chief in the report’s introduction, noting that since January last year “conflicts have deepened, with grave violations of human rights and humanitarian law; inequality has risen, intolerance has spread, discrimination against women remains entrenched and the impacts of climate change continue to accelerate.”
“We need unity and courage in setting the world on track towards a better future,” stressed Mr. Guterres, crediting the Sustainable Development Goals (SDGs) for generating coordinated efforts by Member States and civil society to “alleviate poverty and build peaceful, prosperous and inclusive societies.”
The most comprehensive reform of the UN development system in decades already underway, led by Mr. Guterres and his deputy, Amina Mohammed, aims to strengthen the Organization’s capacity to support Member States in achieving the 17 SDGs.
While the report points to gains, such as increased labour productivity, access to electricity and strengthened internet governance, it also illustrates that progress has been uneven and too slow to meet the 2030 Agenda for Sustainable Development Goals within the given time frame.
For example, in 2015, three out of 10 people did not have access to safe drinking water, and 60 per cent lacked safe sanitation. Moreover conflicts, disasters and climate change are also adversely affecting populations.
The report underlines the importance of building stronger multilateral partnerships with Member States; regional and international organizations; and civil society; to “find solutions to global problems that no nation alone can resolve.”
Although the 2018 High-Level Political Forum on Sustainable Development of 2018 reflected some positive initiatives, it also showed the urgent need to step up efforts in areas such as energy cooperation, water and terrestrial ecosystems.
According to the report, “partnerships are key to achieving the SDGs” – and as of June, 3,834 partnerships had been registered with the Partnerships for the SDGs online platform from different sectors across all the 17 goals.
With regard to technology, last October a joint meeting of the Economic and Social Council (ECOSOC) and the Second Committee welcomed Sophia, the first robot to sit on a UN panel. This gave a glimpse into the advances being made in the realm of Artificial Intelligence.
Turning to young people, UN Youth Envoy, Jayathma Wickramanayake, of Sri Lanka, is continuously advocating for their needs and rights, including in decision-making processes at all levels, and in strengthening the UN system’s coordination on delivering for youth, and with their increased participation.
The UN report also spoke to the growing scale, complexity and impact of global migration. In July, the General Assembly agreed a Global Compact for Safe, Orderly and Regular Migration, which will be presented for adoption in December at an Intergovernmental Conference in Morocco.
Youth Calls for Action to Build the Workforce of the Future
Over 400 youth representatives from Asia and the Pacific launched the Incheon Youth Declaration on the Future of Work, which calls upon the international community to invest in more inclusive, large-scale, and market-relevant solutions for youth employment and entrepreneurship.
The declaration, launched during the 6th Asian Youth Forum (AYF6) and coinciding with the celebration of the International Youth Day on 12 August, reflects the shared vision, commitments, and calls to action of the youth to inform future policy strategies and project initiatives to promote decent work. AYF6, with the theme “Building the workforce of the future,” was organized by the Asian Development Bank (ADB), Incheon Metropolitan City, Incheon Tourism Organization, Plan International, and AIESEC.
“We at ADB commit to continue investing in youth through our operations, including through our work in education, and in many other sectors we are supporting. We appreciate that the declaration today covers various issues including partnerships, entrepreneurship, as well as environment,” said Special Senior Advisor to the ADB President Mr. Ayumi Konishi, who also emphasized that the declaration will help guide ADB in advancing efforts to invest in education and empowering youth as key development partners in the region.
“Incheon will further boost its efforts to support youth employment and startups through various policies, such as the establishment of youth policy organization, cluster for startup incubators, funds, and forum for startups,” said Vice Mayor of Incheon Metropolitan City Mr. Jong Sik Heo. Acting President of the Incheon Tourism Organization Mr. Yong Sik Lee also attended the event.
The declaration highlights several key issues affecting youth employment and the future of work and what several stakeholders including governments, private sector, civil society, multilateral institutions, academe, and the youth themselves can do to address them. These issues include ensuring decent work and inclusion; transitioning from education and training to work; fostering youth entrepreneurship; and preparing for jobs of the future.
Youth delegates from 20 developing member countries of ADB have expressed their commitment in carrying out the efforts outlined in the declaration. Ms. Priscilla Caluag, a delegate from the Philippines, shared that the Asian Youth Forum has given her and other young people from the region a unique opportunity to act in ways beyond their own personal interests but ultimately for the betterment of society.
Are Real Estate CEOs missing out on the technology opportunity?
In its 21st annual survey of CEOs from around the world PwC found that technology does not top the agenda for real estate CEOs either as a threat or an opportunity.
Only 17% of real estate CEOs cite cyber threats as a danger to their growth prospects, compared with 40% of all CEOs who took part in the survey. While even fewer, only 10% of real estate CEOs, view the speed of technological change as a threat to their organisations compared with 38% of all CEOs.
Looking at opportunities only 20% of real estate CEOs said they clearly understood how robotics and artificial intelligence can improve customer services compared with 47% of all CEOs.
Real estate also appears to be a bit behind the curve when it comes to future talent with just 43% of real estate CEOs rethinking their human resources function to attract digital talent compared with 60% of CEOs overall.
“For most of its history, the capital-intensive real estate industry has had good reason to be slow moving and conservative. But times are changing. Technology, urbanisation and social changes are transforming how we live, work and play and therefore how we use real estate, meaning business leaders need to be bold and innovative if they will continue to succeed”, said Craig Hughes, global real estate leader, PwC.
“Our survey results suggest that real estate CEOs have some way to go if they are to meet digital disruption head on and reap the benefits. In our view, this process should start through building a more diverse group of talent, including data scientists and behavioural experts, to work alongside their existing talent and build the real estate champions of tomorrow.”
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