Transcripts For DW Business 20240714 : comparemela.com

Sustainability inequality and Climate Change what will it take to redesign todays business todays economic models in order to provide for that sort of long term value and ultimately a more sustainable and a more Inclusive Society to discuss we have a very distinguished panel the c. E. O. And chairman of the Management Board of royal d. S. M. Is joining us fica cbus mom Senior Advisor to the World Economic forum and also the interim merican Development Bank caroline n. C. And we have the cofounder of byebye plastic bags and also one of the cochairs at this years summit mati whys that. And we have the Prime Minister of sand lucia joining us from there alan tasm thank you so much to all of you for being here today and please lets give our panel a very warm welcome thank you and 5 id like to begin with you because you have a company you are helping to run a company that was not always sustainable youve been around for more than a century you started lining that went to chemicals now you are a leader in nutrition and Food Ingredients and i found it quite interesting ive heard you claim before that you can both make a profit and improve the worlds so youve cracked the code. Well. I believe that the role of business is to make the world a better place and were not a Charity Foundation to we need to make money. But we need to make the world a better place so why our business. Well we changed our portfolio which changed our Business Models and will Say Something more maybe later on about that about how to change the markets because sometimes its hard when we went into a different business and we now make a sustainability our living. We make 8 of trollish green or we use aquaculture waste for energy we make food tells here we make cows cleaner in terms of their emissions cetera et cetera we make our money with that now at this moment in our share price did very well in the company did very well so investors say ok per the is possible to make the world a better place and to make money and i say to those investors you know what come back in 1015 years those 2 things are not exclusive like you said 10 years ago those things cannot go hand in hand together which you say today those 2 things have to will go together in 10 years from now all the way steve and then it was dont want to work for your company anymore they dont buy a product youve got to put a project carbon you. Wake up in a way you lost your license to operate i believe in the Business Model and it was only. It didnt went automatically exposed they were crying along the way there is still this gap were talking about transitioning the markets toward sustainability caroline id like to bring in your experience because you bring a very interesting view to this panel youve worked in the Public Sector in the private sector how leadership positions over the past decade the world bank u. B. S. Where do you see the biggest gaps right now and the ones that we have potentials to close i think the good news and following on from 5 key is that things are changing. The bad news is im not sure theyre changing fast enough and there are a lot of pitfalls. Its true that recently weve had some Good Progress weve seen the business round table share move away from shareholder primacy say the stakeholders we must think now about stakeholders and today i sort of bump a stick which said no more. Share value shared value which was a nice little nice little slogan the bad news is that a lot of companies are still thinking about Corporate Social Responsibility theyre not running it through the business through the strategy theyre not really putting it into the plumbing and without any Global Metrics consumers and investors and others really dont know who is sustainable and who is doing greenwashing so i think we need Global Metrics and they need to be mandatory and Companies Need to show how theyre running the business in line with people and planet and this Broader Group of stakeholders that the Business Roundtable took so out and we need to be able to compare companies and they need to be a 3rd party and regulations need to hold them to account for that i think we also need to look at how we use product labeling so that consumers consumers. Control about 60 percent of global g. D. P. They they make choices every day using their pocketbook say wallets it with proper labeling and disclosure weve seen it with Food Labeling but also with product. Product Production Supply chains consumers can make that choice but its very important that consumers dont have to pay more for doing the right things mr Prime Minister id like to turn to you now because i think that you would underscore the urgency for that change youre on the front lines of the Climate Emergency youre a small island but you most certainly have a big voice and youre here in new york this week on a mission arent you what what needs to happen right now for your country well most of the small and developing states are facing 2 things extinction. And being viable and unfortunately the extinction extinction part comes 1st so we have had now several years we are there is absolute evidence of the Climate Change its numbers that are uncomprehensible so for instance dominique to hurricanes in the 2nd one maria 200 percent of your g. D. P. I mean can we fathom that. That all of a sudden life as you knew it on an island is completely destroyed that the people who are staying there really the ones that were self employed that were on the farms and teachers doctors nurses leave do they ever come back and so bahamas and if i can just take you for a moment to be in a house in which the sea level rose more than 15 feet and that youre hanging on to the rafters of your roof to breathe because the waters underneath you and that instead of the wind blowing off the roof the water basically took the roof off with it and that you were there for 36 hours and then another 24 to 48 hours afterwards there was still sufficient when the did not allow planes or helicopters to come in so for 5 days you were literally by yourself and then when the water subsides what do you have you have an island that had 25000. 00 people that has nothing so for the next year and a half to 2 years while the island is being rebuilt whos thought of the logistics of where those people are going to go whos thought of the logistics of who is going to support those people and i was just saying when they left they left with just the clothes that they had no idea. No job so imagine we have to now get their i. D. s to be able to get into their Bank Accounts whos paying their mortgage whats going to happen and so these are the logistics that we have to start thinking of when i talk about being extinct the final nail in the coffin for us is that weve become now uninsurable so i mean you need action not only from the private sector you also need policy changes and you need Public Sector action as well i want to get to that just a 2nd but you know you mentioned the micro level now were going to the grassroots level. Your generation. Theyre out on the streets theyre demanding action on Climate Change europe actually been taking action yourself at the age of 12 you started this organization in order to tackle an issue in your own country of bali. That was the use of single use plastic items that were being disposed of and polluting your waters there. A beggar mission to perth for a 12 year old to take at the time i mean how did that make you feel surely you must have felt a sense of anger i mean where were the adults in the room why was this problem not being handled i think you. Know i mean im not 12 years old anymore but i at times im 18 now and i like to say that im a full time change maker you know dedicating my life entirely since i was 12 where growing up on the island of bali definitely there was this deep frustration as to why nothing was happening in this in the situation of plastic drowning our island home and you know we learned that 40 other countries around the world banned plastic bags so you can imagine at the age of 10 and 12 my sister was 10 i was 12 we looked at each other and said 40 other countries we can do it too and so i was a simple as that you know was no Business Plan no agenda no strategy that we pulled together it was just this it came from this pure intention and this vision to make our island home of bali plastic bag free now 6 years ago you know and with our and you know by plastic bags weve really managed to mobilize the masses on the island weve gone into classrooms weve gone into conferences weve also gone into government meetings and i think this is where you see the integration of what needs to happen on a Society Level how we have to mobilize how we have to collaborate to really get change happening now it shouldnt have taken a 6 years but i can now say finally with a smile on my face that as of 2. Or 3 months ago this summer we finally saw the implementation of the ban come in place for plastic bags straws and styrofoam on the island of bali. Thank you know i really resonated with what you said earlier that things are happening and i see that again and again entering these sort of spaces learning from so many different people from all around the world things are happening but they are not happening fast enough and you know one of the bad the forefront questions of this panel is you know how do we create markets that people actually want and through my work with bags through my work with meeting other young change makers in the discussions we have our answer to that question would be to involve people in the planning for those markets involve the young people take our ideas as crazy as they might be we have things to offer we are smart we are passionate we are motivated and were ready to be part of those opening markets and you feel like your voices are being heard now. I think i think were going were demanding pass just being heard we dont want to just be heard its not enough for us anymore we expect a seat at the table we expect to be invited to these high level discussions we expect to be involved in political meetings because i think that we grew up with the reality so extreme that no other generation has ever experienced our childhood was completely taken away from us and so in order to have a say with what happens in our future in our lifetime. We not only expect to be heard but we expect to be a part of the decisions that are being made today. And one of the decisions i mean were seeing at least potentially a shift in the world of business right now we had the Business Roundtable come out about a month ago with this commitment essentially to you know benefit all stakeholders not just shareholders the issue of shareholder privacy they say is not going to be so predominant doing business something that caroline just mentioned we actually polled everyone through the World Economic forum on twitter to ask whether people believe that we ask the following question Business Leaders say they want to be more sustainable do you believe them i can imagine that you might imagine how people answered so 23 percent of people said yes 22 percent of people said im not sure 55 percent of people said no i do not believe them so i mean there is clearly a distrust out there. You know if i felt turn to you essentially people saying c. E. O. s or yourself your greenwashing. And. This is the. Score of course. Thats cool because he would you do i mean. What is the essence of bases it is a simple model in which we have for distribution of competences youre better than this im better than this you do does i do it is and then we exchange at the end of the day and we live happy he had to get it it is no more no more complicated than that thats rolled pieces in the last d. T. s result of making money is not a tool but theres a goal it is not a goal i mean making money is a tool to exchange to live a bit to goods and to live happy it all together if you do to her business and what you have done its now days called shoshu and to price of a social and to preserve i dont like that word told all of my of what you do i think all ends of british old basically there should be shoshu and the banerjee you should go to jail if you are not so one because obese issue church of society c. S. R. Caroline also said its out you need to do it the new mainstream a few of your bases that is which we need if i mean you you you dont like the score right but if he were limited to it i mean did is there a point there and what in your view separates a sustainably run thats for one thats just greenwashing and what if you see it what are you seeing more of out there right now are you seeing people really doing the work or is it just like karen and saying all invoke it is changing the world is changing and thats to bolster the news and companies and changing their new generation is coming at the helm and want to do things in a different way. I see myself also wish a new generation may be compared youve filled laugh im. Going to do it in a in a different way and that means that he is sorry to see how to do in the mainstream a few businesses something good for the world and it goes for his resistance of shareholders to the goals which greenwashing of some of the people who do it on the side demetri. Etc ok lets talk about how we can make that it happen caroline turning to you because i want to get concrete steps actually what would you need to see from c. E. O. s and from Business Leaders to make you believe that they are serious that this isnt just a piece of paper or that theyve all signed to make themselves feel a little bit better at the end of the day i think the Biggest Issue behind the lack of trust is how many different systems they rock to measure these sustainability and even to define what sustainability is i was just in a meeting earlier where i heard there are 600 different types of metrics. Not talking to each other not necessarily compatible to say whether a company is running itself sustainably and many of those just focus on the immediate footprint of the company theyre not actually looking at is the Company Creating long term value for the society so we have a Financial System a regulatory system some might say its too onerous we have a client system that asked companies and banks to conform to a whole host of issues we need to saw extending that to conforming to a clear set of metrics about how is environment social governance whatever it may be is integrated in your business one set of metrics so that people can see and people can make comparisons across companies i Mean Companies love competition lets have some competition so can i. Its still to best thing you can do to good for me or to every c. E. O. What well about i know i want to take that challenge i think america for every c. E. O. Would be good but but even with america i think some might turn out to be rather shortsighted you know when they need to do something which to me are to look into it and to answer the question would it be to produce and their companies a contributing something meaningful to society and if not then you can maybe call you companies with you missed the point why we have an economy. But a lot i just want to ask you for your Quick Reaction how do you feel do you trust business i mean youve had the experience of partner actually with businesses what have you learned in your experience but is sent to by using them. And just generally speaking how does your generation see the business world. As a step to getting to where it is we want to go with sustainability i think were seeing a lot of commitments come out but again i think that if we know that. I think were just expecting a lot more and with the timelines that are set in place with the budget that we know companies have behind them theyre investing in 70 percent when they could be investing in the 100 percent solution and i think that were living in a time where were waiting for this leap frog to happen and thats where i think young people play a huge role and i think the biggest mistake that any company can make is to look at us and put and invite us to you know meetings or lectures as an inspirational part i think we are beyond just an inspiration and i think that a lot of us young people. We want to really give voice to how what matters for us and i think that with the changing markets were already creating a bigger push and a bigger direction of where we want to see it go and thats also the consumers role as us individuals we do our homework we go above and beyond and you know we have phones and 1st i dont have my phone on me all right handy but you know we have our phones on us at all times and especially as kids we go on social media we check out what the Company Stands for what the reports are and if we cant find it we start questioning and its those big hard questions that were asking and when we dont get an answer that sits right with us when we feel a hint of greenwashing thats when we decide as consumers where we want to use our pocket or where we want to use our wallet for thats where we can make the decision mr Prime Minister you weigh in here what do you want to see from business. I think the rules the challenging. Point but thats no news to everybody. The question really becomes the disrupters so caroline is right were not pricing our products out properly right so. The idea that you would transport a tomato to st lucia which is a small Climate Change<\/a> what will it take to redesign todays business todays economic models in order to provide for that sort of long term value and ultimately a more sustainable and a more Inclusive Society<\/a> to discuss we have a very distinguished panel the c. E. O. And chairman of the Management Board<\/a> of royal d. S. M. Is joining us fica cbus mom Senior Advisor<\/a> to the World Economic<\/a> forum and also the interim merican Development Bank<\/a> caroline n. C. And we have the cofounder of byebye plastic bags and also one of the cochairs at this years summit mati whys that. And we have the Prime Minister<\/a> of sand lucia joining us from there alan tasm thank you so much to all of you for being here today and please lets give our panel a very warm welcome thank you and 5 id like to begin with you because you have a company you are helping to run a company that was not always sustainable youve been around for more than a century you started lining that went to chemicals now you are a leader in nutrition and Food Ingredients<\/a> and i found it quite interesting ive heard you claim before that you can both make a profit and improve the worlds so youve cracked the code. Well. I believe that the role of business is to make the world a better place and were not a Charity Foundation<\/a> to we need to make money. But we need to make the world a better place so why our business. Well we changed our portfolio which changed our Business Models<\/a> and will Say Something<\/a> more maybe later on about that about how to change the markets because sometimes its hard when we went into a different business and we now make a sustainability our living. We make 8 of trollish green or we use aquaculture waste for energy we make food tells here we make cows cleaner in terms of their emissions cetera et cetera we make our money with that now at this moment in our share price did very well in the company did very well so investors say ok per the is possible to make the world a better place and to make money and i say to those investors you know what come back in 1015 years those 2 things are not exclusive like you said 10 years ago those things cannot go hand in hand together which you say today those 2 things have to will go together in 10 years from now all the way steve and then it was dont want to work for your company anymore they dont buy a product youve got to put a project carbon you. Wake up in a way you lost your license to operate i believe in the Business Model<\/a> and it was only. It didnt went automatically exposed they were crying along the way there is still this gap were talking about transitioning the markets toward sustainability caroline id like to bring in your experience because you bring a very interesting view to this panel youve worked in the Public Sector<\/a> in the private sector how leadership positions over the past decade the world bank u. B. S. Where do you see the biggest gaps right now and the ones that we have potentials to close i think the good news and following on from 5 key is that things are changing. The bad news is im not sure theyre changing fast enough and there are a lot of pitfalls. Its true that recently weve had some Good Progress<\/a> weve seen the business round table share move away from shareholder primacy say the stakeholders we must think now about stakeholders and today i sort of bump a stick which said no more. Share value shared value which was a nice little nice little slogan the bad news is that a lot of companies are still thinking about Corporate Social Responsibility<\/a> theyre not running it through the business through the strategy theyre not really putting it into the plumbing and without any Global Metrics<\/a> consumers and investors and others really dont know who is sustainable and who is doing greenwashing so i think we need Global Metrics<\/a> and they need to be mandatory and Companies Need<\/a> to show how theyre running the business in line with people and planet and this Broader Group<\/a> of stakeholders that the Business Roundtable<\/a> took so out and we need to be able to compare companies and they need to be a 3rd party and regulations need to hold them to account for that i think we also need to look at how we use product labeling so that consumers consumers. Control about 60 percent of global g. D. P. They they make choices every day using their pocketbook say wallets it with proper labeling and disclosure weve seen it with Food Labeling<\/a> but also with product. Product Production Supply<\/a> chains consumers can make that choice but its very important that consumers dont have to pay more for doing the right things mr Prime Minister<\/a> id like to turn to you now because i think that you would underscore the urgency for that change youre on the front lines of the Climate Emergency<\/a> youre a small island but you most certainly have a big voice and youre here in new york this week on a mission arent you what what needs to happen right now for your country well most of the small and developing states are facing 2 things extinction. And being viable and unfortunately the extinction extinction part comes 1st so we have had now several years we are there is absolute evidence of the Climate Change<\/a> its numbers that are uncomprehensible so for instance dominique to hurricanes in the 2nd one maria 200 percent of your g. D. P. I mean can we fathom that. That all of a sudden life as you knew it on an island is completely destroyed that the people who are staying there really the ones that were self employed that were on the farms and teachers doctors nurses leave do they ever come back and so bahamas and if i can just take you for a moment to be in a house in which the sea level rose more than 15 feet and that youre hanging on to the rafters of your roof to breathe because the waters underneath you and that instead of the wind blowing off the roof the water basically took the roof off with it and that you were there for 36 hours and then another 24 to 48 hours afterwards there was still sufficient when the did not allow planes or helicopters to come in so for 5 days you were literally by yourself and then when the water subsides what do you have you have an island that had 25000. 00 people that has nothing so for the next year and a half to 2 years while the island is being rebuilt whos thought of the logistics of where those people are going to go whos thought of the logistics of who is going to support those people and i was just saying when they left they left with just the clothes that they had no idea. No job so imagine we have to now get their i. D. s to be able to get into their Bank Accounts<\/a> whos paying their mortgage whats going to happen and so these are the logistics that we have to start thinking of when i talk about being extinct the final nail in the coffin for us is that weve become now uninsurable so i mean you need action not only from the private sector you also need policy changes and you need Public Sector<\/a> action as well i want to get to that just a 2nd but you know you mentioned the micro level now were going to the grassroots level. Your generation. Theyre out on the streets theyre demanding action on Climate Change<\/a> europe actually been taking action yourself at the age of 12 you started this organization in order to tackle an issue in your own country of bali. That was the use of single use plastic items that were being disposed of and polluting your waters there. A beggar mission to perth for a 12 year old to take at the time i mean how did that make you feel surely you must have felt a sense of anger i mean where were the adults in the room why was this problem not being handled i think you. Know i mean im not 12 years old anymore but i at times im 18 now and i like to say that im a full time change maker you know dedicating my life entirely since i was 12 where growing up on the island of bali definitely there was this deep frustration as to why nothing was happening in this in the situation of plastic drowning our island home and you know we learned that 40 other countries around the world banned plastic bags so you can imagine at the age of 10 and 12 my sister was 10 i was 12 we looked at each other and said 40 other countries we can do it too and so i was a simple as that you know was no Business Plan<\/a> no agenda no strategy that we pulled together it was just this it came from this pure intention and this vision to make our island home of bali plastic bag free now 6 years ago you know and with our and you know by plastic bags weve really managed to mobilize the masses on the island weve gone into classrooms weve gone into conferences weve also gone into government meetings and i think this is where you see the integration of what needs to happen on a Society Level<\/a> how we have to mobilize how we have to collaborate to really get change happening now it shouldnt have taken a 6 years but i can now say finally with a smile on my face that as of 2. Or 3 months ago this summer we finally saw the implementation of the ban come in place for plastic bags straws and styrofoam on the island of bali. Thank you know i really resonated with what you said earlier that things are happening and i see that again and again entering these sort of spaces learning from so many different people from all around the world things are happening but they are not happening fast enough and you know one of the bad the forefront questions of this panel is you know how do we create markets that people actually want and through my work with bags through my work with meeting other young change makers in the discussions we have our answer to that question would be to involve people in the planning for those markets involve the young people take our ideas as crazy as they might be we have things to offer we are smart we are passionate we are motivated and were ready to be part of those opening markets and you feel like your voices are being heard now. I think i think were going were demanding pass just being heard we dont want to just be heard its not enough for us anymore we expect a seat at the table we expect to be invited to these high level discussions we expect to be involved in political meetings because i think that we grew up with the reality so extreme that no other generation has ever experienced our childhood was completely taken away from us and so in order to have a say with what happens in our future in our lifetime. We not only expect to be heard but we expect to be a part of the decisions that are being made today. And one of the decisions i mean were seeing at least potentially a shift in the world of business right now we had the Business Roundtable<\/a> come out about a month ago with this commitment essentially to you know benefit all stakeholders not just shareholders the issue of shareholder privacy they say is not going to be so predominant doing business something that caroline just mentioned we actually polled everyone through the World Economic<\/a> forum on twitter to ask whether people believe that we ask the following question Business Leaders<\/a> say they want to be more sustainable do you believe them i can imagine that you might imagine how people answered so 23 percent of people said yes 22 percent of people said im not sure 55 percent of people said no i do not believe them so i mean there is clearly a distrust out there. You know if i felt turn to you essentially people saying c. E. O. s or yourself your greenwashing. And. This is the. Score of course. Thats cool because he would you do i mean. What is the essence of bases it is a simple model in which we have for distribution of competences youre better than this im better than this you do does i do it is and then we exchange at the end of the day and we live happy he had to get it it is no more no more complicated than that thats rolled pieces in the last d. T. s result of making money is not a tool but theres a goal it is not a goal i mean making money is a tool to exchange to live a bit to goods and to live happy it all together if you do to her business and what you have done its now days called shoshu and to price of a social and to preserve i dont like that word told all of my of what you do i think all ends of british old basically there should be shoshu and the banerjee you should go to jail if you are not so one because obese issue church of society c. S. R. Caroline also said its out you need to do it the new mainstream a few of your bases that is which we need if i mean you you you dont like the score right but if he were limited to it i mean did is there a point there and what in your view separates a sustainably run thats for one thats just greenwashing and what if you see it what are you seeing more of out there right now are you seeing people really doing the work or is it just like karen and saying all invoke it is changing the world is changing and thats to bolster the news and companies and changing their new generation is coming at the helm and want to do things in a different way. I see myself also wish a new generation may be compared youve filled laugh im. Going to do it in a in a different way and that means that he is sorry to see how to do in the mainstream a few businesses something good for the world and it goes for his resistance of shareholders to the goals which greenwashing of some of the people who do it on the side demetri. Etc ok lets talk about how we can make that it happen caroline turning to you because i want to get concrete steps actually what would you need to see from c. E. O. s and from Business Leaders<\/a> to make you believe that they are serious that this isnt just a piece of paper or that theyve all signed to make themselves feel a little bit better at the end of the day i think the Biggest Issue<\/a> behind the lack of trust is how many different systems they rock to measure these sustainability and even to define what sustainability is i was just in a meeting earlier where i heard there are 600 different types of metrics. Not talking to each other not necessarily compatible to say whether a company is running itself sustainably and many of those just focus on the immediate footprint of the company theyre not actually looking at is the Company Creating<\/a> long term value for the society so we have a Financial System<\/a> a regulatory system some might say its too onerous we have a client system that asked companies and banks to conform to a whole host of issues we need to saw extending that to conforming to a clear set of metrics about how is environment social governance whatever it may be is integrated in your business one set of metrics so that people can see and people can make comparisons across companies i Mean Companies<\/a> love competition lets have some competition so can i. Its still to best thing you can do to good for me or to every c. E. O. What well about i know i want to take that challenge i think america for every c. E. O. Would be good but but even with america i think some might turn out to be rather shortsighted you know when they need to do something which to me are to look into it and to answer the question would it be to produce and their companies a contributing something meaningful to society and if not then you can maybe call you companies with you missed the point why we have an economy. But a lot i just want to ask you for your Quick Reaction<\/a> how do you feel do you trust business i mean youve had the experience of partner actually with businesses what have you learned in your experience but is sent to by using them. And just generally speaking how does your generation see the business world. As a step to getting to where it is we want to go with sustainability i think were seeing a lot of commitments come out but again i think that if we know that. I think were just expecting a lot more and with the timelines that are set in place with the budget that we know companies have behind them theyre investing in 70 percent when they could be investing in the 100 percent solution and i think that were living in a time where were waiting for this leap frog to happen and thats where i think young people play a huge role and i think the biggest mistake that any company can make is to look at us and put and invite us to you know meetings or lectures as an inspirational part i think we are beyond just an inspiration and i think that a lot of us young people. We want to really give voice to how what matters for us and i think that with the changing markets were already creating a bigger push and a bigger direction of where we want to see it go and thats also the consumers role as us individuals we do our homework we go above and beyond and you know we have phones and 1st i dont have my phone on me all right handy but you know we have our phones on us at all times and especially as kids we go on social media we check out what the Company Stands<\/a> for what the reports are and if we cant find it we start questioning and its those big hard questions that were asking and when we dont get an answer that sits right with us when we feel a hint of greenwashing thats when we decide as consumers where we want to use our pocket or where we want to use our wallet for thats where we can make the decision mr Prime Minister<\/a> you weigh in here what do you want to see from business. I think the rules the challenging. Point but thats no news to everybody. The question really becomes the disrupters so caroline is right were not pricing our products out properly right so. The idea that you would transport a tomato to st lucia which is a small Tropical Island<\/a> because the economies of scale suggested its cheaper to produce it simmers right. How does a small farmer in solution survive if in fact the product that hes producing which may have substantially less Carbon Emissions<\/a> but he cannot produce the volume of that tomato it to be able to sell it at the price thats currently on the market so imagine if a country of 180000. 00 people can find the solutions to be sustainable and viable. And that you now go the way that were thinking were seeing this. I had to write it down again think small and x. Mart. Right because its about being small now all of a sudden were the big part was the economies of scale but in the it wasnt being priced in because you have the transportation to bring Everything Else<\/a> to the distribution the world basis whereas i go to a restaurant in an island valley i want to get Fresh Produce<\/a> from bally and now people are saying thats what they want they dont want they can choose that comes from somewhere else or can joost it really is the same prototype of the same kind of juice that they couldnt get anywhere else in the world and how much of that cost and how much to do so we have a sting in england i think its called free trade in terms of that were trying to figure out what products were produced how with the produce what were their employment strategies and once you start now imposing these new rules whether we call them rules or requirements then all of a sudden the Distribution Process<\/a> is going to start to change quite dramatically and we start becoming a bit more sustainable i do want to talk about you know the actions that can be taken if i can turn to you with that one perhaps you can give us some Lessons Learned<\/a> from your company there its transformation and ones which can be extrapolated and perhaps used by other Business Leaders<\/a> for example Going Forward<\/a> and i just want to remind us also of the central question that were asking today how can we move beyond growth to create greater alignment between the chair peoples choices and economy. For me its still stark choice to mira and your own belief and your own moral feelings and opinions if you dont have to feeling like your contribution should be then it goes wrong if you have an impact if you have power as the c. E. O. And company you need to take that response would be to going to get it we said its not enough its not the only thing. I will built but they wish a lot see what lessons do you think we need to learn i mean youve talked a lot about the role of the individual for example. Or you can tell us you know how you might see the possibility to scale some of your initiatives. I truly believe that we dont need more mirrors so we need to look more at each other and i think that we need to build a True Community<\/a> where we can build trust and where we can have that authenticity that we tap into because we have only each other to depend on and how we get rid of that greenwashing is not by holding up a nerve but by looking at each other and honestly calling out each other for when we feel like were wrong and when we know there is another way carolina like to give you the final word now take us one year from now were at the next Sustainable Development<\/a> impacts summit what action would you like to see in the next here on this particular issue well i would like to see something on metrics i would like to finally see something on redefining growth so thats not just Gross Domestic Product<\/a> but about how resilient are your communities how integrated are your old people do your young people have jobs we measure what we measure we do and we measure it in the wrong way but i think there is on the horizon a very interesting Pincer Movement<\/a> and i think it looks like this i think it looks like modern companies recognizing that their long term value means they have to be sustainable and the more that show that they can be sustainable and still deliver. To their shareholders the more it will spiral accountability so get out weve built a market that people want one that is more inclusive one that is more sustainable we thank you so much to all of you for being here for this though its a valid debate at the World Economic<\/a> forum Sustainable Development<\/a> impact summit and especially a very special thanks to our panelists. No place. In a. Good. Look at. The thing. The thing. The thing. The thing. The thing. Small acts can inspire be changing the people making it possible to keep going to africa. Fantastic right. Now as they set out to safety environments. That ive learned from one another. And Work Together<\/a> for a better future. See for yourself. 30 minutes long. On the battle to find decent accommodation limber up with Cancer Clinic<\/a> and live up to 100. 00 euros per square meter elapsed one away since the 100 years ago live secure in the us is becoming a scarce commodity elim made in germany limits below. But you are now going to keep. Exposing injustice global news that matters to me for minds stories that people the world over d. W. Office book and twitters up to date and in touch follow us. Where is home. When your family is scattered across the globe. To. Returning back to the roots get a minute live. Shot family from somalia live around the world. One of them needed urgent assistance in. A family starts october any on g. W. Frank food. International gateway to the best connection self in road and rail. Located in the heart of europe you are connected to the whole world. Experience outstanding shopping and dining offers and try our services. Be our guest at Frankfurt Airport<\/a> city managed by from a bought. This is the deputy who is live from berlin m. P. Looms over President Donald Trump<\/a> u. S. House Speaker Nancy Pelosi<\/a> announce congress will start an official inquiry into legit high crimes and misdemeanors the actions of the Trump Presidency<\/a> reveal a dishonorable fact of the president s betrayal of his oath of office of our National Security<\/a> and betrayal of the integrity of our elections the president must be held accountable no one is in the wrong","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801001.us.archive.org\/26\/items\/DW_20190925_023000_Business\/DW_20190925_023000_Business.thumbs\/DW_20190925_023000_Business_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}