Corporate Knights and the Principles for Responsible Investment (UNPRI) will hold the ninth annual Global 100 Executive Roundtable Dinner on January 22, 2014 in Davos, Switzerland. The co-chairs for the dinner include Dominic Barton, global managing director, McKinsey & Company and Mark Wiseman, president and CEO, Canada Pension Plan Investment Board. This year’s topic is: “Investing for the short-term destroys value, yet institutional investors are key sources of short-term pressure. How do we fix this?”
Since 2006, Corporate Knights has hosted the Global 100 Executive Roundtable Dinner at a specialized, invite-only event held during the World Economic Forum (WEF) in Davos, Switzerland.
In addition to serving as a launchpad for the Global 100 ranking, the dinner event is a forum for some of the leading voices in the global sustainability community to collaborate on a designated annual topic.
Beginning with ‘CEOs and sustainability: How to light the fire in the belly?’ in 2006, topics have ranged from conditions for long term capitalism to green bond markets and sustainable balance sheets.
Keynote participants have included George Soros, Lord Nicholas Stern and Joseph Stiglitz. As shown in the table below, the outcomes of the annual Corporate Knights WEF dinner event have been substantial.
A more detailed overview of each Global 100 dinner is offered below.
2013: Upgrading credit ratings: Putting ESG into AAA
The 2013 Global 100 Executive Roundtable dinner discussed the lack of integration of environmental issues by credit rating agencies. If ratings were sensitized to such matters, there would be a more urgent financial interest in mitigating negative impacts and leveraging positive ones.
2012: How can the bond markets save the global economy–and the planet?
In 2012, the Global 100 Executive Roundtable dinner focused on designing investment products; in particular climate bonds, asset-backed or ring-fenced bonds to raise finance for climate change solutions.
2011: 21st Century Balance Sheet for Cleaner Capitalism
The 2011 Global 100 Executive Roundtable dinner focused on finding innovative ways to incorporate natural capital and broader social capital metrics into the key documents used by corporate and government decision makers: profit and loss statements and gross domestic product (GDP).
Dinner was held on January 26, 2011.
2010: Scaling Up Global Finance for Cleaner Capitalism
In 2010, the Global 100 Executive Roundtable Dinner focused on a financial innovation to create a $100 billion Green Fund, as proposed by George Soros, Chairman of Soros Fund Management, LLC. Participants included key officials providing input into the 2010 summer G20 Summit agenda in Canada.
2009: The Next Motor That Will Power the Global Economy
In 2009, the Global 100 Executive Roundtable Dinner focused on powering our way out of the recession and beyond on a foundation that will not crumble. The evening’s lead discussants included George Soros, Investor and Philanthropist; Lord Nicholas Stern, author of the landmark 2006 Stern Report on the economic implications of climate change; and Nobel Laureate Joseph Stiglitz of Columbia University. Lord Nicholas Stern noted the current crossroads presents “a Schumpeterian growth opportunity” across the economy for dirty inefficient elements to be replaced by greener leaner infrastructure, new rail transit, and retrofits. He called for a global green stimulus package of $400 billion invested over each of the next two years.
2008: New challenges for the long-term global investor
In 2008, the Global 100 Executive Roundtable Dinner explored how to broaden the investor tent around sustainability integration to include sovereign wealth funds. The evening brought together current and former Ministers of Finance, sovereign wealth fund heads, and Corporate Knights Global 100 (CKG100) executives.
There was a general sentiment that sovereign wealth funds can take two paths: opacity, which probably leads to financial protectionism, or transparency. There was a popular sense that coupling the latter path with forward-looking investments that finance the new energy sources and industries of the future will diversify income streams and enhance long-term value portfolio value. Shortly after the meeting, several funds, including the China Investment Corporation, stepped up sustainable investment policies.
2007: The Investor as the New Regulator
In 2007, the Global 100 Executive Roundtable convened to discuss the theme of “The Investor as the New Regulator.” Stephen Adler, editor-in-chief of BusinessWeek, moderated the dinner discussion with commentary from Nobel laureate Joseph Stiglitz. The evening brought together senior executives mostly concentrated in the financial sector, including the Chairman of Investment Banking from Goldman Sachs, Co-CEO of Investment Banking for JP Morgan, Chief Risk Officer of Swiss Re and Deputy Chairman of Daiwa Securities.
2006: CEOs and sustainability: How to light the fire in the belly?
The 2006 Global 100 Executive Roundtable Dinner focused on the integration of sustainability considerations into corporate strategic decision-making.
A study of the Global 100 companies by Corporate Knights provided initial evidence of the benefits of sustainability for overall corporate performance.