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Corporation 2020 (Sydney Ideas)

CORPORATION 2020 Co-presented with the Centre for Policy Development

Economist Pavan Sukhdev, a leading strategist in sustainable practice, returns to Sydney to share his vision of a global green economy as explored in his latest book Corporation 2020: Transforming Business for Tomorrow’s World. He will discuss some of the most troubling environmental and social impacts of modern corporations, and, importantly, proposes how we can rethink corporations and the ways in which they interact with society. We are testing planetary boundaries. “Business as usual” is not a viable option for long. Business needs a new DNA - urgently.

Sukhdev presents a vision of the corporation of the future, it illustrates how corporations and other social actors can work together to achieve common goals, promote the development of skills, build new forms of community, be transparent and accountable, and build a ‘green economy’ – an economy of permanence. He does not assume that improving environmental performance will always be profitable, and discusses instead the roles that multiple stakeholders will need to play in directing the future of corporations. He presents new research on how to deliver some “tough” solutions which cut across the spaces of policy, self-regulation, and legislation. These include disclosing corporate externalities, setting limits to corporate leverage, replacing taxes on profits with resource taxes and pollution taxes, and setting ethical standards in advertising.

Pavan Sukhdev is a banker and long time environmental economist. He has been Special Advisor and Head of UNEP's Green Economy Initiative, a major project suite to demonstrate that the greening of economies is not a burden on growth but rather a new engine for growth, employment and the reduction of persistent poverty. Pavan was appointed goodwill ambassador for the United Nations Environment Programme (UNEP) in October this year.

Pavan is also Study Leader for the G8+5 commissioned report on The Economics of Ecosystems and Biodiversity (TEEB), a project he was appointed to lead in March 2008 by the EU Commission and Germany whilst still working fulltime at Deutsche Bank. TEEB's Interim Report was welcomed globally for its fresh economic outlook, showing the economic significance of the loss of nature's services, and connecting biodiversity and ecosystems with ethics, equity and the alleviation of poverty.

Pavan spent over 20 years working at ANZ Bank and Deutsche Bank, and now pursues long-standing interests in environmental economics and nature conservation through his work with the Green Indian States Trust (GIST) and other NGO's. GIST has researched, developed and published methodology and empirical work on preparing comprehensive "Green Accounts" for India and its States, a first among developing countries. Pavan is Chairperson of the World Economic Forum's Global Agenda Council on Biodiversity, and a speaker at Davos 2010.

More about Pavan Sukhdev
Corporation 2020 for sale at the event (RRP $40)

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  • Philip R.

    Good ideas but possibly too little too late?

    December 6, 2012

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