The fourth edition of the Business & SDGs High Level Meeting, a round table promoted by Global Compact Network Italia (GCNI) and addressed to top business managers, will be held in Rome on April 4. Since 2016, more than 25 CEOs of Italian companies participating in the United Nations Global Compact have attended the CEO Meeting.
This year the meeting aims to foster discussion, reflection and sharing of experiences on a very current, priority topic to the achievement of the Global Goals: finance supporting sustainable development. The meeting will be hosted by Terna SpA, “Founder Promoter” of GCNI. Meeting attendance is by invitation.
“Financing the Global Goals is a big but not insurmountable challenge”, said Lise Kingo, CEO and Executive Director of the United Nations Global Compact at the World Economic Forum held in Davos in January 2019. The UN has estimated that approximately $5-7 trillion of investments will have to be mobilized each year to reach the SDGs, and this cannot be achieved by relying exclusively on public funds. Therefore, a fundamental prerequisite for the advancement of the 2030 Agenda is an increasingly intense, structured and transparent synergy between private investors and companies committed to sustainable development.
The data emerging from the recent United Nations Global Compact – Accenture CEO Study on Sustainability – highlight that 93% of the CEOs who participated in the survey consider sustainability an important factor for the continuity and development of their business, and 76% believe that the integration of sustainability in their core business would lead to revenue growth and new market opportunities. Consistent with this perspective, data from the Eurosif 2018 SRI Study underline the greater likelihood of sustainable and transparent companies to achieve long-term financial results. Their ability to integrate sustainability principles into their core business makes these companies the best investments for a community of financial operators that is increasingly responsible and oriented towards ethical choices.
Based on the assumption that the open challenges of sustainable development will only be solved through a strong and concrete leadership commitment both in the private and the public field, as well as in business and non-business, this year’s CEO Meeting will once again be an opportunity for discussion and exchange – at the highest levels – of experiences, objectives and visions about future scenarios related to finance supporting market transformations consistent with the criteria of economic, social and environmental sustainability.