Global Tables on Social Cohesion and the State
At the core of the Digital Global Solutions Summit are Global Tables, each tackling the T20 and G20 agenda as well as generating policies in response to the COVID-19 pandemic. The Global Tables are filled with keynotes, discussions, interviews and impulse statements by high-ranking representatives from research, politics, business and civil society.
In the context of recent dynamics propelled by globalization and technological developments, the trust in political institutions has diminished in many parts of the world and led to a surge of parties selfportraying as anti-establishment, often promoting nativism and xenophobia. This trend undermines the support for multilateralism and effective global governance and propagates the idea that relationships between nation states are a zero-sum-game. To revitalise multilateralism and global solidarity, the benefits of globalization and international cooperation must be made more visible and more accessible to the general public. The purpose of the session is to discuss the foundations of a social cohesion at the global level; and what the G20 can do to foster social cohesion from the local to the global level. Social cohesion is the capacity of a community to express mutual solidarity and traditionally, social cohesion is considered to be rooted primarily at the national level. How widespread is the notion of global citizenship, and to what extent is it compatible with other notions of citizenship? Could policies such as a global health fund or a global basic income and increased international cooperation on tax matters buttress the idea of global citizenship? How can businesses foster and valorize global citizenship and global solidarity?
Global Tax & Legal Services Leader and Global Purpose Leader, PwC
Universidad Mayor, Chile
The value balancing alliance e.V. (VBA) is a non-profit organization founded in June 2019 by global companies to develop and promote a methodology to assess company’s impacts on nature, society, and the economy in monetary terms along the value chain. In addition, the Alliance develops a concept how this information can be reflected in the profit & loss account and the balance sheet along the traditional financial statements. The Alliance has four primary objectives: a) to standardize a methodology to assess the broader enterprise value based on multi-capital accounting and impact valuation; b) to design a disclosure frame for comparability; c) to pilot the methodology in business steering; d) to make outcomes publicly available. The aim is to provide a comprehensive set of robust and assured data on natural, social and human capital for stakeholders to improve decision-making, business steering and performance evaluation. The Alliance is supported, amongst others, by the four largest professional services networks – Deloitte, EY, KPMG, PwC – and by the OECD and the World Bank as a policy advisor. In February, the Alliance received a grant by the EU Commission to develop green accounting principles for the EU to support the implementation of the Green Deal.
The session at the Global Solutions Summit will introduce the methodology for company evaluation developed by the Value Balancing Alliance and will discuss the way forward for more holistic company evaluation. It will focus on latest developments in public and private accounting, standardizing methodologies and making them comparable, as well as on solutions to generate traction amongst key decision-makers in business and politics.
Moderator: Declan Curry
Policy Recommendations, Policy Briefs and Articles
Policy Briefs contain recommendations and visions and cover policy ares that are of interest to G20 policymakers. The majority of the Policy Briefs has been developed by a corresponding T20 Task Force.
By Adam Brzezinski, Guido Deiana, Valentin Kecht and David Van Dijcke (University of Oxford – The Institute for New Economic Thinking)
Contributions by the Young Global Changers
Ninety young people from around the world were selected to participate in the Global Solutions Summit as Young Global Changers. These young changemakers from academica, business and civil society will contribute and debate in their various working groups on the Summit topics. Find out more about their projects!
Explore the Digital Global Solutions Summit 2020
You can navigate to content related to the Global Solutions Summit here. Discover the T20 agenda, an overview of all Global Tables, meet the speakers and read the latest issue of the Global Solutions Journal. Also navigate to the G20 Insights Platform offers policy proposals to the G20: The Policy Briefs, produced by Task Forces from the Think20 (T20) Group and other sources, are clustered in policy areas and describe either recommendations or visions.
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