Tag Archives: business for peace

All businesses that can step up, need to step up immediately

 

 

Dear friends in the business community, 

The COVID-19 pandemic has already caused mass tragedy and disruption in many parts of the world. With the world’s economy in disarray, we are all wondering what the future has in store for the global business community. As the challenges seem insurmountable for many, it is becoming increasingly clear that our collective response to this crisis will likely be a defining moment of our generation.

 

The impacts of this crisis tear at the very fabric of our societies. Countries without the means for massive stimulus packages, effective distancing initiatives and adequate health care capacity may crumble under civil unrest. According to the International Labour Organization, current lockdown measures affect the livelihoods of 2.7 billion people, over 80% of the global workforce. For most countries, measures to address the pandemic will lead to a sharp decline in economic activities, with potentially the largest GDP declines in a century. 

This is a call to the global business community to step up and accept significant sacrifice in order to see us through this crisis, and help pave the way for a rapid recovery once the pandemic is brought under control. I know this is an extremely challenging time for many businesses, with many of you facing imminent bankruptcy. However, all businesses – and governments – that still have the means to step up need to step up immediately and do everything in their power to help avoid societal breakdown.

 

Inject liquidity into the market. Anyone that is able to contribute to this process needs to, even if it means significant sacrifices to your own wealth. If we don’t stop the economic devastation, many businesses may not have any profitable markets to operate in for years to come. Many governments understand this and are doing what they can, but businesses must make sacrifices for this purpose as well. As much as possible, make sure your staff have income and can continue to work safely. Investors and large corporations should continue to produce goods and pay staff to keep the economy going. On the bright side, much innovation can come out of instability, as we adapt to new modes of consumption and delivery.

Make smart use of the money you have. This is not the time for profiteering, it is the time to help our collective economic survival. In a recent survey of asset managers, nearly every second investor said it was a good idea to use corporate money to buy back shares. This is not only tone deaf in this moment, it is a mockery of the hundreds of millions that have lost their livelihoods. Every able company and investor must do what they can to secure jobs, inject liquidity into local communities, and ensure supply chain security. If there ever was a time to prioritise businessworthy leadership, it is now.

Ensure the security of critical goods and services. Supply chains of essential goods and services must be protected and maintained. Whatever your businesses’ role is in the chain, do your part to ensure consistency of delivery. We are already seeing encouraging examples of companies shifting their production to medical equipment, while essential workers put themselves at risk every day to keep us healthy. Think about what you can do now to ensure there is a supply chain to restart once this crisis is over.

 

If we rise to the occasion, we can get through this together. If we don’t, we risk dismantling entire markets and infrastructures. There are countless examples around the world of business leaders choosing the ethical route and being businessworthy by making personal sacrifices and doing everything they can for the greater good right now. I encourage all of you with the means to contribute to do so. If the Business for Peace team can support you in any way, let us know. We can get through this together, but only if we collaborate for the greater good.

 

Keep distancing and stay safe,

Marius Døcker

Can we achieve ocean sustainability in 10 years? Experts hope so

two women looking out at the ocean

 

The message from experts is clear: we need to act fast to reverse the damage done to our oceans. We’ve lost 40% of life in the ocean in the last 40 years and the situation is escalating. Biodiversity loss, pollution, urban waste water, overfishing, and climate change, are all part of the problem. But there is hope.

 

Business for Peace convened leading ocean experts in Norway to determine the state of the industry. High on the list of talking points was what action the private sector in particular is doing to protect nature’s most important system. Panelists Vidar Helgesen, Christine Spiten, and Nina Jensen are all heavily involved in pushing the industry forward. 

 

As the blue economy booms, businesses need to collaborate on minimising their ocean impact and addressing climate change. Whatever action that is taken needs to be aggressive and collective. We are all aware that time is not on our side. Who has responsibility for this implementation, though, and how we get there, is increasingly being acknowledged and pushed forward by the private sector.

 

Mesh event view of the crowd

The event was part of a monthly #FutureOf series, presented with start-up hub MESH in Oslo. 

Photo: Trym Schade Warloe.

 

Bring in the experts

The panellists acknowledged the interplay of problems. Norway’s Special Representative for the Ocean, Vidar Helgesen, sees incentives for innovation as part of the solution: “Part of the fundamental problem is that plastic is too cheap. This is an innovation problem. In Europe there are a lot of exciting new initiatives coming out.” Where you live also determines who should be held responsible, and goes on to claim that “if you are in the US, I would look to business rather than the government.” 

 

Christine Spiten, Senior Corporate Advisor for Plastic & Circular Economy at WWF Norway, acknowledges that there are risks involved when trying to make innovation profitable, but advocating for teamwork: “Here in Norway we are afraid of testing something out that is not perfect because we are afraid of losing face. We need to be bold and come up with those crazy ideas and support them.” This teamwork and openness is crucial in having any hope of recovering the status of the oceans, as “very few people know how to manage the ocean and most of them do not do that in a sustainable way.”

 

Our final panelist, CEO of Rev Ocean and marine biologist Nina Jensen, also sees that the most potential lies “in business. Where there are large problems there are also huge business opportunities.” Of course, this is easier said than done. It is extremely difficult to persuade those in power on ideas. “Part of the solution,” she suggests, “is to scale up infrastructure. Those producing the plastic have plenty of money and they should be held accountable. They should be solving the problems that they have created.”

Panel of three policy and industry experts

Our panel. From left: Christine Spiten, Vidar Helgesen, and Nina Jensen.        Photo: Trym Schade Warloe.

 

Making waves

The ocean protects us in ways we can barely fathom. It absorbs about 30% of carbon dioxide produced by humans. To put that into perspective, the ocean covers 99% of the total living space on Earth by volume. It’s a lot to take in for the average land-dweller. 

 

“There has been a free-for-all approach to managing the ocean,” said Heglesen. Jensen added: “I’m an optimist and believe that technology can help us with a lot of things, but it’s also a way of keeping us from doing the right things. We simply cannot open any new oil fields. It is keeping us from making the right choices.” 

 

When making the right choices, then, it is “equally important to make sure what happens is not just creating another problem. Technology is not going to solve anything unless you put it in the hands of good people,” as Spiten pointed out. 

 

So what is the future of the ocean?

“I do think that we’re on the cusp of some really important and critical discussions,” Helgesen said. “More has happened in banking and investment in the past few months than has happened in the past few years. Today we know better. We are in a transformation. The oil issue is a transformational question. We need to get away from fossil fuels. Divestment from oil is really catching on.” Governments need to provide that holistic planning framework for such activities to take place. Industry working in ocean solutions can achieve ⅕ of what we need in order to achieve our targets. A lot of this requires regulations put in place by governments in combination with technological innovation. 

 

Keeping businesses accountable is a key piece to the puzzle for Jensen. “There are a lot of great initiatives out there that could benefit from funding. Part of the solution is to scale up waste management in the countries that are missing this.” According to her, funding should come from those who produce the plastic. It’s the responsibility of governments to put regulations in place, to use the data that we have to our disposal. 

 

Spiten pointed out that there is a need for more cross collaboration. Research is being done without the connection to business, and this lack of shared ideas and research is hurting progress. “Let’s put more scientists into startups,” she says. It is through this collaboration where we meet around the challenges.

 

The solutions don’t have to be complex in order to be effective. The start-up ARC Marine has transformed, for instance, a simple brick block. The brick is used on off-shore wind turbine field construction, where the bricks have simultaneous purpose: doing its job while at the same time creating artificial reefs for threatened animals. In this way, Spiten says, what nature needs is “often what we need as well.”

 

Panel discussing in front of a live audience ocean innovations

Our panel. From left: Christine Spiten, Vidar Helgesen, and Nina Jensen.           Photo: Trym Schade Warloe

 

Sea of Possibilities

The panellists left us with feelings of hope – hope that concrete technologies and solutions will be put to use in the hands of those who really can make a difference already in 2020. This includes individual efforts as well. Does it really matter if we eat less meat and recycle? If we ask the panelists, of course it does. “We might not all be Greta Thunberg but we can all make an impact,” says Jensen. We can all act like Greta in whatever way that we can. It’s the little things that everyone does that add up. “All of a sudden, you can have a huge impact.” 

 

From the air we breathe to the water we drink, sustaining life on our blue planet depends on the oceans. We are living in a historic time, and it’s time we have discussions and actions that make an impact.

 

For updates on the latest events, sign up for the Business for Peace newsletter here.

 

sign with hashtag #businessworthy

Photo: Trym Schade Warloe.

Looking for Volunteers for the 2020 Business for Peace Summit

Business for Peace 2016.

 

 

 

 

 

 

 

 

All the Business for Peace employees were super helpful, giving me extra information and guidance throughout the event!

Roberta, past Volunteer

 

We worked in a nice atmosphere and were allowed to listen to all the discussions, which was great.

Anna, past Volunteer

 

I felt included, valuable and appreciated by the Foundation!

Ulla, past Volunteer

Business for Peace is looking for enthusiastic volunteers to be part of the Business for Peace Summit in Oslo. Are you interested in joining us the 13th and 14th of May, 2020? Send a short CV and cover letter to jobs@businessforpeace.org. Deadline for this year’s applications is Friday 3 April. More information about our volunteer programme is below.

 

Business for Peace Summit 2017. Professorboligen.

 

The Business for Peace Foundation seeks to unlock the positive power of business in society and inspire a higher form of capitalism. Our vision is that all business leaders make improving society their purpose. This requires being businessworthy – to create value both for business and society in an ethical and responsible way.

 

Business for Peace 2016.

We are looking to create a team of talented individuals who believe that we can make the Summit a truly memorable experience. We require a commitment of 2-3 days or evenings for orientation prior to the Summit, and then another 48 hours of volunteering during the Summit in Oslo.

Find out more about past Summits here and take a look at the 2020 Summit website here.

 

 

Business for Peace 2016.

Volunteer tasks include:

  • Guiding and supporting our VIP guests throughout the Summit and Award Ceremony

  • Guest registration

  • Working with the social media and our Communications team

  • Supporting speakers, guests, and participants with relevant information and other hands-on tasks as required

 

 

Necessary Qualifications Include:

  • Familiarity with Oslo and its facilities (either based in Oslo or have lived here)

  • Reliable and friendly with a professional and proactive attitude

  • Comfortable working both in a group and independently

  • Enjoy working with people from all walks of life

  • Have excellent time management skills and adaptability to face-paced environments

  • Computer literacy, including Microsoft Office tools

  • Knowing more than one language is a plus!

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Through volunteering, we offer an opportunity to make a difference and be part of building a global movement for change. Look forward to:

  • Building new job market skills, including event management

  • Receiving a written testimonial at the end of the volunteer period

  • Working with an experienced team of professionals who can provide constructive feedback and career advice

  • Interaction with leading speakers and thinkers in business and sustainability

  • Enjoying a special celebration for our volunteers after the Summit

 

Please send an email to barbora@businessforpeace.org for further information. We look forward to hearing from you! 

Application deadline: 3 April.

 

 

 

 

 

 

Thank you!

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The Business for Peace Summit and Award 2014 has now come to a successful, captivating and inspiring end. All three central events – the Roundtable on “The new imperative: Creating Shared Value”, the Award Ceremony in the Oslo City Hall and the Honourees’ Dinner at Akershus Fortress – on May 15 have, next to the numerous smaller side events, created a series of beautiful experiences and memories.

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