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Two World Conferences- What Can We Expect?

Dr. Arshad M. Khan

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President Trump’s abrupt cancellation of bilateral talks with Mr. Putin at the G-20 meeting in Argentina — following the seizure of Ukrainian ships by Russia — puts any rapprochement on the back burner, at least for the time being.  As leaders convene, Crown Prince Mohammed bin Salman is flashing his wallet, his presence awkward, trying to buy friends — this time India with the promise of investments, where tens of thousands of farmers are marching on Delhi to protest soaring production costs while produce prices plunge, as Prime Minister Modi meets with the Crown Prince.

In Argentina also, Human Rights Watch has petitioned successfully for a court prosecutor in the Jamal Khashoggi case putting the Crown Prince in peril of arrest.  Fortunately for him the wheels of justice turn slowly in Argentina as elsewhere because its courts will first have to consider the issue of diplomatic immunity.  He is safe for the present but the question of an international arrest warrant looms and could curtail future foreign trips.

The G-20 leaders will have their hands full with the U.S. and China trade war, dreaded photo-ops with the Crown Prince, and any new bombshells from the mercurial Donald Trump.

Doubtless more important for humankind is a second meeting:  COP24, officially the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change, is scheduled for December 2-14 in Katowice, Poland.  Its purpose … to develop an international agreement compelling all countries to implement the Paris climate accord, which limits global mean temperature rise to 2 degrees C.  But then some time ago doubts arose about the 2C limit being enough.

So it was that the Intergovernmental Panel on Climate Change (IPCC) was charged with comparing the 2C rise with a 1.5C rise, and the risks to the world of both.  The panel’s 1.5C report unveiled to the world on October 8, 2018 was far from sanguine.  For limiting warming to 1.5C, it allowed only a 12-year window.  Beyond that such a rise will become a foregone conclusion “dicing with the planet’s livability.”  There the matter rests as we await the outcome of COP24.  By the way, a somewhat scary thought is the fact that when President Trump was asked about the 1.5C report, his answer seemed to imply he had never heard of IPCC

Meanwhile, the annual greenhouse gas bulletin issued by the World Meteorological Organization (WMO) reported a new high in CO2 levels of 405.5 parts per million reached in 2017, 41 percent higher than in 1990 and 46 percent higher than preindustrial levels.  Average global temperatures in 2018 are expected to be the fourth highest on record and the last four years the four warmest.  Calling it an emergency, WMO has commenced the development of methods to guide and observe emissions reduction procedures at emission sources.  Particularly worrisome also is the finding of a resurgence of CFC-11, an air-conditioning gas blamed for depleting the ozone layer, and supposed to have been phased out under the 1987 Montreal Protocol.  Adding to worries, the rising CO2 trend continues for on May 14, 2018 another high of 412.60 ppm was recorded.

Moreover, the new UN emissions gap report, an assessment of country performance in meeting voluntary targets, also confirms CO2 levels are rising for the first time in four years.  The prior decline believed to have been caused by improved technology turns out simply to have been a consequence of economic slow down.  In a press release, UN Environment notes only 57 countries, or less than a third of the total, representing 60 percent of global emissions, are on target to start decreasing emissions by 2030.  It begs the question whether current voluntary targets should be made mandatory, an issue clearly ripe for debate.

What can we expect from these meetings?

The G-20 is a hodgepodge of advanced, emerging and developing economies with varying vulnerabilities in financial systems and institutional stability.  Insofar as there is an asymmetry, it makes for different priorities.  Cross-border finance and transactions on capital account are dominated by the advanced economies, and global liquidity is heavily dependent on the U.S. dollar despite recent attempts to mitigate its influence, principally by China and Russia.  Unless there is a real crisis as in 2008, not much can be expected other than the usual pablum.   On the other hand, the Trump-Xi private meeting has led to a temporary truce and helped to alleviate the effects of the ongoing trade war that is disquieting markets.

COP24 is another matter for it has to address an existential issue, an issue that could threaten the well-being and lives of our children and grandchildren.  Is Donald Trump’s lacuna on global warming unique or shared conveniently by others?  Will UN Environment be given some muscle or will it simply continue to report the paltry efforts of the members?  We just have to wait and see how seriously the world’s leaders view an issue increasingly evident in the uncommon severity of weather events.

Dr. Arshad M. Khan is a former Professor based in the US. Educated at King's College London, OSU and The University of Chicago, he has a multidisciplinary background that has frequently informed his research. Thus he headed the analysis of an innovation survey of Norway, and his work on SMEs published in major journals has been widely cited. He has for several decades also written for the press: These articles and occasional comments have appeared in print media such as The Dallas Morning News, Dawn (Pakistan), The Fort Worth Star Telegram, The Monitor, The Wall Street Journal and others. On the internet, he has written for Antiwar.com, Asia Times, Common Dreams, Counterpunch, Countercurrents, Dissident Voice, Eurasia Review and Modern Diplomacy among many. His work has been quoted in the U.S. Congress and published in its Congressional Record.

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Growing gap between ambition and action as the world prepares for a future with increasing climate risks

MD Staff

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While climate consciousness across the globe is on the rise, the fourth UN Environment Adaptation Gap Report released today has revealed a considerable gap between countries’ preparedness for climate change and the actual measures that should be put in place to prepare communities for a future of increasing climate risks.

The research particularly underscores a growing divide between the estimated annual costs of adaptation and the actual global investments in resilience measures, drawing a distinct connection between our adaptation to climate change and sustainable development that results in healthy communities and thriving economies.

Climate change will have a significant impact on human health over the next few decades, and while progress has been made in reducing climate-change related diseases and injuries, current adaptation efforts are by no means sufficient to minimize future health impact of a changing climate. The research highlights that unless adaptation efforts are strengthened considerably, heat and extreme event-related morbidity and mortality will continue to rise.

Despite voicing considerable concern on the divergence between the global goals on adaptation and actual action being taken at the national level, the report shines a positive light on the growth in national laws and policies that address adaptation. Studies show that at least 162 countries explicitly address adaptation at a national level, through a total of 110 laws and 330 policies.

Looking at the commitment countries made as part of the Paris Agreements, only 40 developing countries have quantifiable adaptation targets in their current Nationally Determined Contributions (NDCs), while 49 include quantifiable targets in their national laws and policies.

Low- and middle-income countries have shown consistent progress. However, without signs of acceleration, catching up with wealthier countries to bridge the gap in adaptive capacity will take many decades under current rates of improvement.

The Adaptation Gap Report identifies what is urgently needed to further narrow the adaptation gap in health, both today and in the future, is political will and the necessary financial resources to implement the most important actions related to climate resilient health systems; early warning systems and a broader development agenda aimed at reducing vulnerability to climate-sensitive health risks, particularly infectious diseases and food and nutritional insecurity.

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UN climate change conference in Katowice: Questions and Answers

MD Staff

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  1. What will happen at COP24?

This year’s annual conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) will be a crucial moment for the implementation of the Paris Agreement on climate change, as Parties are aiming to finalise a detailed set of rules and guidelines – the so-called Paris ‘work programme’ or ‘rule book’ – which will enable the landmark accord to be put into practice all around the world.

The conference, will take place from 2-14 December in Katowice, Poland, and will be presided over by the Government of Poland. It is officially the UNFCCC’s 24th Conference of the Parties which is where it gets its name ‘COP24’ from; the Kyoto Protocol’s 14th Conference of the Parties serving as the Meeting of the Parties (CMP 14) and the third part of the first session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA 1.3).

The Paris Agreement, adopted in December 2015, sets out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°C above pre-industrial levels and pursuing efforts to limit the temperature rise to 1.5°C. It entered into force on 4 November 2016. 195 UNFCCC Parties have signed the Agreement and 184 have now ratified it.

  1. What are the EU’s expectations for COP24?

In December 2015, Parties to the Paris Agreement agreed to finalise a detailed set of rules and guidelines – a ‘work programme’ or ‘rulebook’ – for implementing the accord by the end of 2018. Adopting a clear and comprehensive work programme consistent with what was agreed in Paris is necessary for putting the Agreement into practice. It will enable and encourage climate action at all levels worldwide and will demonstrate the global commitment to ambition.

Adopting a strong Paris work programme, with clear provisions on all key issues including transparency, finance, mitigation and adaptation, is the EU’s top priority for COP24. The outcome must preserve the spirit of the Paris Agreement, be applicable to all Parties, take into account different national circumstances and reflect the highest possible ambition over time. Clear rules and guidelines will also serve Parties’ own policy-making, by providing a robust underpinning for policies and reflection on enhancing ambition over time.

In the build-up to the conference, EU Climate Action and Energy Commissioner Miguel Arias Cañete has conducted extensive outreach with global counterparts in order to ensure a successful outcome in Katowice. This includes the second Ministerial on Climate Action in Brussels co-hosted with counterparts from China and Canada, the Global Climate Action Summit in California, and a recent visit to Beijing where climate priorities were discussed with Chinese authorities. Additionally, the EU has also undertaken wide outreach at officials level with a view to moving towards landing zones on the key political issues related to the Paris rulebook. Party groupings reached out to include progressive developed and developing countries, the G77 and major economies including South Africa.

The political phase of the Talanoa dialogue should send a strong message to the world, in support of the implementation of the Paris Agreement to spur momentum for action. The EU expects all Parties to share evidence of their action and progress on their nationally determined contribution (NDC), as part of a collective global conversation on how to enhance ambition.

Ahead of COP24, the European Commission presented a strategic vision on how the EU could achieve climate neutrality – i.e. become a net zero emission economy – by 2050 (see point 4).

Alongside the formal negotiations, COP24 will have a strong focus on keeping up the political momentum for continued climate action by a wide range of stakeholders before 2020. It will provide a space for all relevant stakeholders to showcase their action, share information, foster new cooperation and raise awareness on climate change and the solutions available.

The EU has a rich programme of side events at COP24 – it will host more than 100 events over the two weeks, at the EU Pavilion in the conference centre.

  1. What is the EU doing to reduce its own greenhouse gas emissions?

The EU’s NDC for Paris is to reduce its greenhouse gas (GHG) emissions by at least 40% by 2030 compared to 1990. This target is part of a wider EU climate and energy framework for 2030 and builds on the 2020 target to cut emissions by 20%, which the EU is well on course to exceed.

The EU has worked intensely to establish an economy-wide framework of legislation and initiatives that will allow the bloc to meet its 2030 target and drive the transition to a low-carbon, climate-resilient society. All key legislation for 2030 has already been adopted, including a modernisation of the EU Emissions Trading System (EU ETS) and new energy efficiency and renewable energy targets to ensure the power sector and energy-intensive industries deliver the necessary emissions cuts, and new 2030 targets for all Member States to reduce emissions in non-ETS sectors including transport, buildings, agriculture and waste. New legislation will also ensure that emissions from land use and forestry will be balanced out by removals. Ambitious proposals to reduce EU road transport emissions are also on the table and still being negotiated by member states and the European Parliament. Fully implemented these measures could lead to an EU GHG emissions reduction of around 45% in 2030.

However, EU ambition and vision goes far beyond 2030. In March this year, following a similar request from the European Parliament, EU leaders called on the Commission to present a proposal for a strategy for long-term EU GHG emissions reduction, in line with the goals of the Paris Agreement.

Following broad stakeholder consultation and taking into account the IPCC special report on global warming of 1.5°C, the Commission this week presented a strategic vision for a prosperous, modern, competitive and climate neutral EU economy in 2050. It is an ambitious vision in line with the Paris Agreement goals providing sustainable growth and jobs and improving the quality of life of all EU citizens.

The strategic vision will be followed by a broad debate among EU decision-makers and all stakeholders, which should allow the EU to adopt a long-term strategy and submit it to the UNFCCC by 2020, as requested under the Paris Agreement. The Commission will present its strategic vision to all global partners at COP24, hoping it can inspire others to prepare their own long-term strategies.

  1. How does the Paris Agreement ensure countries deliver on their commitments?

In 2015, countries agreed to set up an enhanced transparency framework for action and support to build mutual trust and confidence and to promote effective implementation of the Paris commitments. The key task is to make this framework a reality by adopting a strong set of detailed rules.

The enhanced transparency framework will help not only the understanding of progress made individually by Parties in the implementation of their nationally determined contributions, but is also critical for providing robust data to support the global stocktakes and assess the progress towards the long-term goals.

Solid multilateral transparency and accountability guidelines would help countries to design good policies at home. They should provide an incentive to build and maintain domestic institutions, data collection and tracking systems that policymakers need to make the right decisions.

The transparency, accountability and compliance system under the Paris Agreement is not punitive, but it is meant to identify when Parties are off track and help them to get back on track if they are not delivering. Underpinning this system are new and comprehensive requirements and procedures applicable to all Parties to track and facilitate their performance. These include technical expert reviews, a multilateral peer review process, and a standing committee on implementation and compliance. Together, these will maintain a focus on both technical and political aspects of performance.

  1. What does the Paris Agreement mean for the EU’s contribution to climate finance for developing countries before 2020?

At the UN climate conference in Copenhagen in 2009, developed countries collectively committed to contribute USD 100 billion of climate finance per year by 2020, from both public and private sources, for meaningful mitigation action and transparency of implementation. In Paris in 2015, the EU and other developed countries committed to continue to provide financial resources to help developing countries tackle climate change.

Together, the EU, its Member States and the European Investment Bank are the biggest donor of climate finance to developing countries. We have progressively raised our contribution in recent years, providing EUR 20.4 billion in 2017 alone. The EU is delivering its fair share of the overall USD 100 billion commitment.

The Paris Agreement called for a “concrete roadmap” to achieve the USD 100 billion goal, with a Climate Finance Roadmap prepared by the donor community in 2016 indicating that they are on track to meet the ambitious goal.

  1. How does the Paris Agreement address adaptation and loss and damage associated with the impacts of climate change?

The Paris Agreement put adaptation on an equal footing with mitigation and established the first global goal on adaptation, namely to enhance adaptive capacity, strengthen resilience and reduce vulnerability to climate change. The global stocktake will review the overall progress towards this goal. Adaptation is a key element of EU policy and planning. National, regional and local adaptation strategies are gaining ground since the adoption of the EU Adaptation Strategy in 2013. Today, 25 Member States have a strategy or plan and over 1,500 cities and municipalities have committed to developing one, in the framework of the Covenant of Mayors for Climate and Energy.

The Commission published an evaluation of the Adaptation Strategy earlier this month – highlighting successes achieved and actions needed to further reduce Europe’s vulnerability to climate impacts. The evaluation also concluded that adapting EU regions and economic sectors to the impacts of climate change is now more urgent than forecast when the strategy was adopted in 2013.

In addition, the EU is highly committed to supporting partner countries to take climate action, including adaptation efforts. The percentage of EU climate finance targeted at adaptation is increasing, with particular focus on action in the most vulnerable countries. In 2017, roughly 50% of climate finance from the EU budget (excludes Member State funds) was dedicated to adaptation projects. The Paris Agreement recognises the importance of averting, minimising and addressing loss and damage associated with climate change, including extreme weather events, such as floods, landslides, storms and forest fires, and slow onset events such as the loss of fresh water aquifers and glaciers.

These concerns were addressed when the Paris Agreement was adopted by giving the Warsaw International Mechanism on Loss and Damage the role of promoting cooperation on these issues. This includes further work on emergency response and insurance issues and a task force to develop recommendations on approaches to address displacement due to climate change, which delivered comprehensive recommendations on the subject.

  1. What is the role for business and other non-state actors and how can the Global Climate Action Agenda be strengthened?

The Paris Agreement recognises the key role of businesses, local governments, cities and other organisations in the transition to a low-carbon and climate-resilient world. The private sector will ultimately need to bring about the economic transformation, turning challenges into business opportunities. The sharing of experience from the private sector side, on the conditions to achieve sustainability in practice, is therefore extremely valuable.

Actions showcased through the Global Climate Action Agenda (GCAA) – also known as the Marrakesh Partnership on Global Climate Action – are helping to build on the growing momentum. The GCAA has the potential to deliver transformative impacts on the ground, enhance ambition pre-2020 and contribute to implementing national climate plans and the long-term Paris goals.

While measuring the impact and identifying what is additional to national climate pledges remains difficult, data indicates that the aggregated impact of the initiatives is in the order of a few gigatonnes of carbon dioxide equivalent (GtCO2e) in 2030 beyond the current NDCs – a potentially significant contribution to closing the gap (UNEP Gap Report 2016).

The EU and its Member States have been proactive in promoting and sponsoring specific GCAA initiatives. Flagship initiatives include the Global Covenant of Mayors for Climate and Energy and Mission Innovation.

The high-level events on global climate action and the thematic days at COP24 will be excellent opportunities to reflect on progress made under existing initiatives, as well as for announcements on new transformative initiatives.

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Business Urges Governments to Step Up Fight Against Climate Change

MD Staff

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Heads of 50 major global businesses representing more than $1.5 trillion in total revenue today publish an open letter to world government leaders urging greater collaboration to accelerate outcomes in the race against climate change.

Leaders from the Forum’s Alliance of Climate Action CEOs are committed to using their positions to help meet the Paris Climate Agreement goals. Thirty of the companies that signed the open letter succeeded in reducing emissions by 9%, (more than 47 million metric tonnes in absolute terms) between 2015 and 2016, the equivalent of taking ten million cars off the road for one year.

The open letter is addressed ahead of the UNFCCC climate conference in Katowice, Poland, where government leaders will meet next week to review progress towards delivering on the goals set in 2015.

Alliance leaders call for greater public-private cooperation to accelerate effective carbon pricing mechanisms and policies to incentivize low-carbon investment and drive demand for carbon-reduction solutions. They also highlight the business case for cutting emissions to generate wider support in the private sector.

“If we have twelve years to avoid a ‘hothouse’ earth, we absolutely cannot pursue a business-as-usual approach. Business and government must forge new partnerships that are able to drive results much more quickly than our current international architecture allows,” said Dominic Waughray, Head of the Centre for Global Public Goods, World Economic Forum.

“Business has an increasingly vital role to play in accelerating the shift to a low-carbon and climate-resilient economy. This will require partnerships with other companies, governments at all levels and civil society. It also requires bold leadership and good governance, which will allow long-term creation of shareholder value alongside long-term value for our society. We, as business leaders, are committed to climate action and stand ready to facilitate fast-track solutions to help world leaders deliver on an enhanced and more ambitious action plan to tackle climate change and meet the goals set out at the 2015 Paris Climate Agreement”, said Feike Sijbesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM, and Chair of the Alliance of CEO Climate Leaders

Among measures taken by members of the Alliance to drive climate action within their businesses:

BT: The UK-based telecom provider is aiming to buy 100% renewable energy by 2020, and to have reduced carbon intensity by 87% from 2017 levels by 2030. It is also aiming to help customers cut emissions by three times its own total carbon impact by 2030.

ENGIE: Having cut coal-fired capacity by 60% since 2016 by closing or selling plants, the France-based energy group has adopted an internal carbon price and is now focusing on low CO2e energy sources like natural gas and renewables, which will represent over 90% of its earnings by 2018.

ING Group: By 2025, the banking group will only finance existing utility clients that use coal for 5% or less of their energy mix. New clients will only be financed if they have near-zero reliance on coal. As of November 2017, 60% of all utilities project financing went towards renewables.

Ørsted: Changed its name in 2017 from Danish Oil and Natural Gas (DONG) Energy to signify its switch from oil and gas to renewable energy. The company has committed to reducing greenhouse gas (GHG) emission intensity from energy production by 96% by 2023, using a 2006 base-year.

Royal DSM: The Netherlands-based global business in health, nutrition and sustainable living was established in 1902 as a nationalized coal mining company. This year it has committed to an absolute GHG emissions reduction of 30% (2016-2030, Scope 1+2), among other by using 75% purchased renewable electricity by 2030. DSM uses an internal carbon price of €50 per ton of CO2e.

Signify: Formerly Philips Lighting, the company has committed to achieve net-zero carbon buildings by 2030 and to operate a 100% electric and hybrid lease fleet by 2030.

The Alliance of Climate CEOs has also provided input into the UNFCCC Talanoa Dialogue and companies will be looking for a clear signal from COP24 negotiations that governments are willing to strengthen their engagement with the private sector. When they meet in Davos in January 2019, a clear focus will be on setting goals for the UN Secretary General’s Climate Summit in September 2019 to further support the urgent action needed – a watershed moment for getting the planet on track to curb emissions and avoid global temperature rise beyond 1.5oC.

View from the C-Suite

José Manuel Entrecanales Domecq, Chairman and Chief Executive Officer, Acciona: “The second-best time to act against climate change is now; the best has already passed. It´s the moment to foster emission reduction, effective carbon prices, key partnership and climate risk management.”

Cees ‘t Hart, President and Chief Executive Officer, Carlsber: “We’re targeting carbon neutrality by 2030 and are excited to work alongside like-minded businesses in our drive to reach the goals of the Paris Agreement, through climate leadership and action.”

John Flint, Chief Executive Officer, HSBC Holdings: “Climate change is a major threat to our environment, societies and economy. Decarbonization of the economy is not straightforward, but it can be achieved by urgent and combined efforts by government, business and policy-makers. HSBC is committed to climate action and has already made significant progress towards our commitment to provide $100 billion of sustainable finance”.

Chen Kangping, Chief Executive Officer, JinkoSolar: “This is the last chance we give to ourselves. Don’t be too late to take action when grid parity is just around the corner.”

Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente: “We have a real opportunity to create synergistic public-private partnerships. Working together, we can solve these pressing climate change issues.”

Tex Gunning, Chief Executive Officer, LeasePlan: “Climate change is one of the biggest challenges facing every one of us. That’s why we’re committed to working with the entire stakeholder community to speed up the transition to zero emission mobility. Our ambition is to achieve net zero emissions from our entire fleet of 1.8 million vehicles by 2030.”

“Pollution is having dramatic impact on our climate, our landscapes, our flora and fauna, and our health. We need a higher environmental engagement and a shift towards systems that address the negative and positive externalities of products and businesses. Banks should stop financing dirty businesses and shift financial flows towards a low carbon and more circular economy,” said H.S.H. Prince Max von und zu Liechtenstein, Chief Executive Officer, LGT.

Henrik Poulsen, Chief Executive Officer, Ørsted: ”Green energy is now fully competitive with fossil energy. There is no economic reason for not accelerating the transition to green energy.”

Eric Rondolat, Chief Executive Officer, Signify: “Today’s weather anomalies are the result of a temperature rise of only 1 degree Celsius. Imagine the impact on our daily lives when temperature rises 2 degrees or more. We – both political and business leaders – need to act now and accelerate targeted integrated policy interventions that stimulate sustainable business and safeguard a healthy planet for future generations. The good news is that we can still limit global warming with the latest available technologies, so let’s step up climate action now for the benefit of all”.

Christian Mumenthaler, Group Chief Executive Officer, Swiss Reinsurance Company Ltd.: “Climate change is impacting our societies and will cause irreversible damage if we don’t act. With our partners we need to make societies more resilient and build a low-carbon future”.

Erik Fyrwald, Chief Executive Officer and Executive Director of Syngenta International: “Climate change poses severe threats to food security, rural communities and economies. As one of the world’s leading agricultural companies we are investing more than US$1 billion every year to achieve a coherent approach to meet that challenge.”

The list of signatories includes:

  1. Ulrich Spiesshofer, President and Chief Executive Officer, ABB
  2. Pierre Nanterme, Chairman and Chief Executive Officer, Accenture
  3. José Manuel Entrecanales Domecq, Chairman and Chief Executive Officer, Acciona
  4. Oliver Bäte, Chief Executive Officer, Allianz
  5. Peter Oosterveer, Chief Executive Officer, Arcadis
  6. Gregory Hodkinson, Chairman, Arup Group
  7. Thomas Buberl, Chief Executive Officer, AXA
  8. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer, BASF
  9. Peter T. Grauer, Chairman, Bloomberg
  10. Gavin Patterson, Chief Executive, BT Group
  11. Ion Yadigaroglu, Managing Partner, Capricorn Investment Group
  12. Cees ‘t Hart, Chief Executive Officer, Carlsberg
  13. Patrick Allman-Ward, Chief Executive Officer, Dana Gas
  14. Kim Fausing, President and Chief Executive Officer, Danfoss
  15. Frank Appel, Chief Executive Officer, Deutsche Post DHL
  16. Francesco Starace, Chief Executive Officer and General Manager, Enel
  17. Isabelle Kocher, Chief Executive Officer, ENGIE Group
  18. Jeffrey McDermott, Managing Partner, Greentech Capital Advisors
  19. Jean-François van Boxmeer, Chairman of the Executive Board and Chief Executive Officer, Heineken
  20. Ajit Gulabchand, Chairman and Managing Director, HCC
  21. Ratul Puri, Chairman, Hindustan Powerprojects (Hindustan Power)
  22. John Flint, Chief Executive Officer, HSBC Holdings
  23. Ignacio Sánchez Galán, Chairman and Chief Executive Officer, Iberdrola
  24. Salil S. Parekh, Chief Executive Officer and Managing Director, Infosys
  25. Ralph Hamers, Chief Executive Officer, ING Group
  26. Chen Kangping, Chief Executive Officer, JinkoSolar
  27. Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente
  28. Sandra Wu Wen-Hsiu, Chairperson and Chief Executive Officer, Kokusai Kogyo
  29. Jan Jenisch, Chief Executive Officer, LafargeHolcim
  30. Tex Gunning, Chief Executive Officer, LeasePlan
  31. Stefan Doboczky, Chief Executive Officer, Lenzing
  32. H.S.H. Prince Max von und zu Liechtenstein, Chief Executive Officer, LGT
  33. Michael H. McCain, President and Chief Executive Officer, Maple Leaf Foods
  34. Jean Raby, Chief Executive Officer, Natixis Investment Managers
  35. Henrik Poulsen, Chief Executive Officer, Ørsted
  36. Ross Beaty, Chairman, Pan American Silver
  37. Robert E. Moritz, Global Chairman, PwC International
  38. Feike Sybesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM
  39. Frans van Houten, Chief Executive Officer, Royal Philips
  40. Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric
  41. Eric Rondolat, Chief Executive Officer, Signify
  42. Takeshi Niinami, Chief Executive Officer, Suntory Holdings
  43. J. Erik Fyrwald, Chief Executive Officer, Syngenta International
  44. Tulsi Tanti, Chairman, Suzlon Energy
  45. Christian Mumenthaler, Group Chief Executive Officer, Swiss Reinsurance
  46. Don Lindsay, President and Chief Executive Officer, Teck Resources
  47. Sergio P. Ermotti, Group Chief Executive Officer, UBS
  48. Paul Polman, Chief Executive Officer, Unilever
  49. Anders Runevad, President and Chief Executive Officer, Vestas Wind Systems
  50. Svein Tore Holsether, President and Chief Executive Officer, Yara International
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