#B20Summit in Berlin: Shaping an Interconnected World with contribution of Yes for Europe and other young treps of G20 YEA

02-05-2017

Berlin, May 2nd 2017

Today and tomorrow, under the motto “Resilience, Responsibility, Responsiveness – Towards a Future-oriented, Sustainable World Economy” about 700 representatives from the B20 and international guests are meeting for the final summit of the German B20 Presidency.

Amongst them a number of young entrepreneurs belonging to the G20 Young Entrepreneurs’ Alliance, a network partner of the B20 under German presidency, including Yes for Europe 2016 President Luca Donelli. Luca has served on behalf of G20 YEA in the coordination group of the B20 Finacing Growth & Infrastructure Task Force.

Key features of B20 Summit include:

  • presenting recommendations to the G20;
  • calling upon the G20 to restate its firm commitment to open and rules-based markets;
  • emphasizing its support for the Paris Climate Agreement.

More in detail, at the B20 Summit on May 2-3, 2017 the Business20 (B20) presents its recommendations to German Chancellor Angela Merkel, who is presiding over the G20 in 2017. Over the past seven months, more than 700 representatives from companies and business associations from all G20 countries and sectors have developed recommendations, which strive to make the global economy more sustainable and future-oriented. The themes of this year’s G20 presidency are: Building Resilience, Improving Sustainability, and Assuming Responsibility. These are essential pillars for growth that is not only dynamic, but also inclusive and sustainable. The B20 supports these ambitions.

“If the G20 did not exist today, we would need to create it. Through trade, investment, financial integration, data flows, and migration, our economies are growing more and more interdependent. This interdependence is a driver of economic growth and prosperity“, B20 Chair Juergen Heraeus emphasized. However, it also means that crises can spread more easily, from country to country and region to region, and that existing opportunities can only be fully leveraged through joint efforts. “In our interconnected world, international cooperation is key – to realize the benefits but also to tackle the challenges”, Heraeus stressed.

The global business community is convinced that globalization offers tremendous opportunities. However, common rules, strong institutions, and international cooperation are necessary to shape the outcomes of globalization and ensure that everyone has the chance to benefit from it. “The G20 must meet the objective of not only fostering growth, but growth that is sustainable and inclusive. Everyone should be able to benefit from globalization,” Heraeus stated. Business is ready to carry its share of responsibility, through job creation, education and vocational training, responsible business conduct, and innovation.

The B20 is convinced that a future-oriented, sustainable, and competitive world economy can only be guaranteed if businesses keep finding innovative solutions to curtail climate change, foster the energy transition, and decrease resource intensity. The G20 can achieve this by implementing the Paris Agreement, accelerating the market readiness and deployment of low-carbon technologies, and by establishing a Resource Efficiency Platform.

G20 members should also promote open, dynamic and inclusive labor markets by removing structural and legal barriers, promoting diverse forms of work and female employment, and by bringing labor migration policies in line with labor market needs. “Rather than echoing the populist discourse that makes globalization the scapegoat for all kinds of problems – from economic downturn to security risks – we need to focus on offering real solutions to real problems”, Heraeus called on the G20.

Luca Donelli, concluding his third experience in the B20 process and continuing his journey in the field of business diplomacy confirms that “The world needs an innovative approach for sustainable growth & employment, particularly amongst the youth. The young entrepreneurs of G20 YEA have been pleased to contribute to the B20 Presidency on these challenges. Our work on Resource Efficiency approved in March in Johannesburg and presented during B7 Energy in Rome is a sign of our commitment and contribution. As far as the Financing Growth & Infrastructure task force, the inclusive approach has allowed to shade light on both demand and supply side of finance, identify hurdles and propose innovative approaches. With the B20 Summit our work is nowhere close to completion, we need to collectively advocate for the proposed recommendations and follow up their understanding and effective implementation. We will immediately start at next Yes for Europe event, #EYEC7 #Scaleupeurope, in Stockholm and continue with the participation at G20 YEA Summit in Berlin”.

 

About B20

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The Business 20 (B20) is the official G20 dialogue with the global business community. The mission of the B20 is to support the G20 through consolidated representation of interests, expertise, and concrete policy proposals. Furthermore, the B20 promotes dialogue among policy-makers, civil society, and business at the international level.

The German B20 is organized by the Federation of German Industries (BDI), the Confederation of German Employers’ Associations (BDA), and the Association of German Chambers of Commerce and Industry (DIHK). The B20 is headed by B20 Chair Juergen Heraeus (Heraeus Holding). He is assisted by the three members of the Executive Committee Dieter Kempf, President of BDI, Eric Schweitzer, President of DIHK, and Ingo Kramer, President of BDA, as well as B20 Sherpa Stormy-Annika Mildner. B20 Germany has more than 700 members from all sectors and all G20 members, representing the entire G20 business community.

You can find further information on B20 Germany and the livestreaming of the Summit here: https://www.b20germany.org

 

About Yes for Europe

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Yes for Europe – The European Confederation of Young Entrepreneurs – is the main association of young entrepreneurs in Europe. YES represents around 50.000 entrepreneurs under 40 years old and aims at improving the economic and social performance of young entrepreneurship in Europe. Yes has currently 15 Member Associations from EU 28 and candidate countries as well as 2 affiliated members. Yes for Europe is also the representative of the European Union at the G20 Young Entrepreneurs’ Alliance and a member of Allied for Startups. Next events planned: European Youth Entrepreneurship Conference EYEC-7 (Stockholm, May 18th -20th, 2017) and EYEC-8 (Madrid, Fall 2017).

Find out more at: http://www.yesforeurope.eu and follow us on Twitter @YesforEurope