B20 Summit Report Resilience, Responsibility, Responsiveness – Towards a Future-Oriented, Sustainable World Economy
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B20 Summit Report Resilience, Responsibility, Responsiveness – Towards a Future-oriented, Sustainable World Economy 0 Thursday, 1 “If we want to ensure future-oriented and sustainable economic growth, business plays an important role. We are ready to take on this task.” B20 Chair Jürgen Heraeus Federal Chancellor of the Republic of Germany Angela Merkel and B20 Chair Jürgen Heraeus together with the presidents of BDI, BDA & DIHK (Dieter Kempf, Ingo Kramer, Eric Schweitzer), as well as representatives of the seven B20 Taskforces (Gerhard Braun, Kurt Bock, John Cryan, Daniel Funes de Rioja, Klaus Helmrich, Lynette Magasa, Emma Marcegaglia, Klaus Moosmayer, Rudolf Staudigl, and Dany Qian) B20 Summit Report Resilience, Responsibility, Responsiveness – Towards a Future-oriented, Sustainable World Economy Thursday, 1 B20 Summit, 2-3 May 2017, Berlinn e Handover of the B20 recommendations from B20 Chair Jür- Panel on “The Future of Trade and Investment” gen Heraeus to Angela Merkel, Federal Chancellor of the Republic of Germany B20 Summit event location Tempodrom Berlin Pierre Nanterme, CEO Accenture, with German Federal Minister of Finance, Wolfgang Schäuble Mthunzi Mdwaba, Vice President, International Organisation Outside area of the Tempodrom during the networking of Employers (IOE), with Gerhard Braun, Vice President, session Confederation of German Employers’ Association (BDA) 2 B20 Summit, 2-3 May 2017, Berlinn e Voices of B20 Summit Attendees “The B20 is an indispensable forum in which business can help shape the agenda for tak- “Especially for young entrepreneurs, the ef- ing sustained, inclusive growth and develop- forts of the G20 and B20 are of utmost im- ment forward.” “ portance as they lay the groundwork for the future of our economy and society.” Alejandra Kindelan, Banco Santander Sara Lengauer, JCI Germany “Having attended all B20s, the B20 Germany is outstanding on its collaborative and inclu- “The B20 is an incredible forum, bringing sive approach to all participants. The B20 Ger- stakeholders together to collaborate on policy many’s comprehensive and relevant agenda solutions that will allow governments to better confirms the increasing importance of global respond to issues people care about: jobs, ed- businesses’ direct input into the G20 through ucation, small business and security.” the B20.” Mary Andringa, Vermeer Corporation Mark Burrows, Credit Suisse “The B20's ability to facilitate substantive “The B20 this year has been executed with ef- conversations between business and leading ficiency. The small organizing committee has governments is crucial to unlocking the bene- performed remarkably given the huge amount fits of trade, digitalization, infrastructure and of work it takes to organize such a wide rang- more for people worldwide.” ing series of taskforce events, across multiple jurisdictions and involving multiple stake- Hans-Paul Bürkner, The Boston Consulting Group holders.” Alan John Wilkins, Global Coalition for Efficient Logis- “In the face of a rising tide of protectionism tics (GCEL) and a chorus of anti-trade rhetoric, G20 and B20 leadership and its mutual commitment to collective economic growth and open cross- “Understanding and joint action across bor- border trade and investment is more im- ders becomes ever more important. This high- portant than ever. The B20 Germany recom- lights the significance of B20.” mendations will drive progress on some of the Sebastian Turner, Der Tagesspiegel most intractable economic challenges con- fronting the world and opens pathways to global and inclusive growth.” “Certainly a robust and effective delivery of John W.H. Denton, Corrs Chambers Westgarth the coordination of the B20 voice - a catalyst of gathering thoughts, ideas, views and dis- seminating the very important message of all B20 members for G20 2017 - Thank You B20 “B20 shows a clear commitment to free trade Germany.” and global cooperation at the right time. The right priorities are set with focus on trade, dig- Aisha Izzet, Takamol italization, energy/climate, and SMEs among other topics.” This is only an excerpt, as we have received almost Sieglinde Feist, Wacker Chemie „ 200 voices – Thanks for your feedback! 3 B20 Summit, 2-3 May 2017, Berlinn e Introduction: B20 Germany 2017 & Open- around the world, the rules-based international trading ing Remarks by B20 Chairman Jürgen system is increasingly questioned. While it was wrong to scapegoat trade for increasing inequality in many Heraeus countries, international trade and the wider process of globalization need to better serve the most vulnerable In spring 2016, the German government mandated the parts of our societies, Heraeus emphasized. leading German business associations, the Federation of German Industries (BDI), the Confederation of Ger- man Employers' Associations (BDA) and the Cham- bers of Commerce and Industry (DIHK), to organize B20 Germany. Since early September 2016, the official handover from B20 China to B20 Germany, over 700 representatives, spanning 39 countries, from leading business associations and companies, came together to contribute to the G20 process with their expertise and practical experience. Over the past ten months, the B20 Germany members, together with our partners and supporters, developed policy recommendations in five taskforces, two cross-thematic groups, and one initia- tive, which were constituted through a bottom-up pro- B20 Chair Jürgen Heraeus cess: Trade and Investment; Energy, Climate and Re- source Efficiency; Financing Growth and Infrastructure; Nevertheless, workers around the world face an in- Digitalization; Employment and Education; Responsi- creasingly disruptive environment. G20 leaders need to ble Business Conduct and Anti-Corruption; and Small- collaborate to improve their policy frameworks in a way and Medium-Sized Enterprises (SMEs); and Health. that enables citizens to reap “The business representa- Taken together, these issue areas both align with past the benefits of both trade and tives of the G20 countries priorities and reflect new initiatives introduced under technological change while call on the G20 to have more the German presidency. B20 members worked tire- mitigating its risks. Climate courage in actively shaping lessly in the respective taskforces, cross-thematic change and enhanced re- globalization” groups, and in the initiative to provide the G20 with con- source efficiency is another crete and actionable policy recommendations, all under area where international co- Jürgen Heraeus the leading theme of “Resilience, Responsibility, Re- operation is indispensable. B20 Chair sponsiveness – Towards a Future-oriented, Sustaina- G20 members need to pro- ble World Economy.” vide for stable and predictable long-term policy environ- ments. These need to be market-oriented and allow for Ever since its elevation to the level of heads of state innovation, competition, and the introduction and con- and government at the height of the global financial cri- vergence of proper carbon pricing mechanisms across sis in 2008, the G20 has steadily grown in importance. borders to drive the global energy transition. With its members representing 85 percent of the world economy, more than three quarters of the global ex- The B20 Summit featured panels that expanded on change of goods and services, and more than 60 per- these issues of global importance, from the need for a cent of the world’s population, the G20 is the leading more resilient international financial architecture, to co- forum for global governance. This is especially im- operation on cross-border data flows, the reform of portant in the contemporary geopolitical landscape, global labor markets and the cross-cutting fight against where uncertainty and volatility is on the rise, and com- corruption. The debates reflected the 20 policy recom- promises seem increasingly hard to find. mendations captured in the B20 summary document handed over to Federal Chancellor of the Republic of This was reiterated by B20 Chair Jürgen Heraeus in his Germany Angela Merkel on the second day of the Sum- introductory remarks to the B20 Summit with the exam- mit. The B20 does not only ask for government action, ple of trade and climate change. Even though the five- but assumes responsibility itself – we stand ready to fold increase in global trade, coupled with an increase assist governments in both the design and the imple- in global per capita income of a factor of 2.5, has lifted mentation of new policy frameworks. millions out of poverty and increased living standards 4 B20 Summit, 2-3 May 2017, Berlinn e With the conclusion of the Summit, our work is not done. We will continue to engage with governments, international organizations, other engagement part- ners, and civil society in the lead-up to the G20 Summit in Hamburg on July 7, 2017. We would like to use this opportunity to express our profound gratitude to all B20 members, partners, and supporters for their input, drive, patience, and passion – without you, this process would not have been such a success. Remarks by German Federal Minister Wolfgang Schäuble Followed by a Panel German Federal Minister of Finance Wolfgang Schäuble Discussion on Preparedness for Future Crises The panel “Resilience. Are We Prepared for Future Cri- ses?” with Wolfgang Schäuble, German Federal Minis- In his opening remarks, German Federal Minister of Fi- ter of Finance, John Cryan, CEO of Deutsche Bank, nance Wolfgang Schäuble underlined that we must not Emily Mackay, CEO of Crowdsurfer, Axel Lehmann,