Events

[2020-11-09] The 2020 ESG Global Summit

By 2020년 11월 10일 No Comments

On November 9th 2020, Chairman Ban Ki-moon attended the 2020 ESG Global Summit. Chairman delivered his congratulatory speech at the event, spoke on COVID-19, and the United Nations sustainable development goals.

Source: Yonhap News

Chairman Ban started his speech in celebration of the gathering. “This Summit is a celebrated event that brings together leaders from finance, government, economics, academia, international organizations, journalism, and others. It serves as a timely opportunity for sharing critical knowledge and information with a view towards enhancing environmental, social, and governance principles. This is essential to help catalyze the necessary transition towards more sustainable investment and green growth in the post-COVID-19 era.” He stated.

Chairman Ban continued with emphasizing the pillars to COVID-19 responses. “Sustainability, inclusivity, and partnership must underpin our responses. During my ten-year tenure as United Nations Secretary-General, I strived to execute my global leadership duties by leveraging the great power of partnerships. This is important since the UN and its Member States can no longer bear these responsibilities alone in our rapidly changing world.” He stated

In addition Chairman Ban called to all individuals in various fields to strive for sustainability.  “In this regard, I humbly call on you all to expand your actions to align your investments and financial vision with the UN’s development and climate goals. Continue to work in partnership with key stakeholders from government, academia, the tech sector, civil society and others. Think big and invest sustainably!” He stated

In conclusion Chairman Ban gave a hopeful message to all. “A more sustainable and inclusive capitalism underpinned by green growth will guide our future successes; and this will help construct the future foundations for the security and prosperity of all people and our planet.  As such, let’s redouble our efforts—here at the 2020 ESG Global Summit and beyond—to help forge these important foundations for our future generations and their earth.” He concluded.

 

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Below is the full script of Chairman Ban Ki-moon’s speech

Thank you for your warm introduction.

H.E. Chung Sye-kyun, Prime Minister of the Republic of Korea,

Mr. Jun Kwang-woo, Chairman of the Institute for Global Economics (IGE),

Distinguished Guests, Ladies and Gentlemen,

 

It is my great honor to speak to you today and offer my sincere congratulations on the opening of the 2020 ESG Global Summit.

 

And it is my special privilege to deliver these remarks at such an important juncture not only for the global economy, but also for all people and our planet as we collectively strive to pave “The Road to Resilient Economy and Sustainable Finance.”

 

Indeed, we currently stand on the precipice of a period of great change; one that will have profound implications for economics and finance, Korea and the Asia Pacific region, our planet, as well as the future trajectory of humanity.

 

I take this opportunity to show my appreciation to 2020 ESG Global Summit hosts, the Institute for Global Economics (IGE) and KB Financial Group (KBFG), for extending an invitation to me.

 

My special thanks also go to the Summit co-hosts which are the World Bank, the Institute of International Finance, the Financial Times, and the United Nations Environment Programme, as well as each of the eminent supporting organizations that have helped make this world class event possible.

 

This Summit is a celebrated event that brings together leaders from finance, government, economics, academia, international organizations, journalism, and others.

 

It serves as a timely opportunity for sharing critical knowledge and information with a view towards enhancing environmental, social, and governance principles.

 

This is essential to help catalyze the necessary transition towards more sustainable investment and green growth in the post-COVID-19 era.

 

Everyone gathered here today, both in-person and virtually, has valuable insights to share and is admirably working to strengthen corporate governance and social responsibility to elevate both sustainability and inclusivity in the capitalism of the future.

 

I believe this is essential, considering the scale of the challenges before us, to ensure a sustainable and inclusive recovery from the COVID 19 pandemic and protect the environment as the climate crisis deepens.

 

Distinguished Guests, Ladies and Gentlemen,

 

We find ourselves at the center of a variety of converging crises and increased uncertainty.

 

The ongoing COVID-19 pandemic continues to upend our economies, societies, and way of life.

 

At the same time, our planet is on fire—both literally and figuratively with the climate crisis deepening as temperatures surge, sea levels rise, and wildfires burn.

 

COVID-19 and other global crises such as climate change have underlined our fundamental interconnectedness.

 

They have also made it clear that in today’s world we need global solutions borne out of cooperation and partnership to holistically address the great challenges that we face.

 

And such solutions must be rooted in inclusivity and sustainability; and centered on enhancing the health and resilience of people, communities, and our planet.

 

Beyond oversized impacts on global economic growth as well as pronounced supply and demand side disruptions, COVID-19 has also amplified existing inequalities— in health care, labor, housing, food, gender, and other key areas.

 

These impacts have converged to create one of the most pronounced global socioeconomic crises since the Great Depression.

 

For example, the UN estimates that COVID-19 has cost 495 million jobs in quarter 2 of this year alone.

 

The World Food Programme says that the number of acute food-insecure people could rise to 270 million before the end of the year as a result of the pandemic.

 

And UNICEF warns that 1/3 of the world’s children are unable to access remote learning during school closures.

 

Under this troubling backdrop of the current global landscape, it is clear that the recovery will be both extended and arduous.

 

But to ensure that we recover in the right way, it is not enough to simply build back; we must build back better as well as greener.

 

Specifically, our recovery from this pandemic must address climate change and guide us to a more inclusive, sustainable, and resilient future for all people and our planet.

 

COVID-19 has also offered us a glimpse of the possible global disruptions that will arise from climate change in the near future.

 

These include, but are not limited to, mass migration, increased conflict, elevated public health risks, turmoil to supply chains, heightened risks for insurers and index funds, and protracted economic crisis.

 

Both pandemics and climate change are inherently global issues which require a strong multilateral response and increased international cooperation.

 

And as the world is duly focused on the current COVID-19 crises, climate change is continuing to alter the character of the earth and create dire risks and instability.

 

Indeed, destructive superstorms, out of control wildfires, historic droughts, boiling heatwaves, and catastrophic flooding are all expanding in both frequency and intensity.

 

As such, we must increase our collective efforts to protect ourselves, our communities, and the planet from the existential threats this will bring.

 

In this regard, I am of the view that we must urgently redouble our actions to achieve the Paris Climate Agreement.

 

During my ten years serving as Secretary-General of the United Nations, I am proud to have prioritized climate change and elevated its importance to the very top of the international agenda.

 

The Paris Agreement, signed by 197 countries in 2015, offers us a clear game plan to confront the serious threats to our planet. It sets viable targets to impede rising temperatures, constrict greenhouse gas emissions, and spur climate-resilient development and green growth.

 

I believe the Paris Agreement offers us our best hope to persevere over the serious threats to our planet, but we must now step-up implementation efforts. We don’t have a plan B, because we don’t have a planet B either.

 

And we have no time to spare. Recent UN climate reports have painted a worrying picture of fast-approaching environmental tipping points, surging global heating, oceanic threats, and seismic biodiversity loss if climate action is not taken.

 

So, we must immediately come together in partnership, and raise our ambition and urgency to take the necessary steps to both mitigate and adapt to climate change and turn international commitments into decisive action.

 

To fortify our planet, government and industries must vitally step-up implementation efforts. And you have a key role to play too.

 

Indeed, we need the financial community and its leaders to enhance efforts to advance the ESG into its business practices. You are essential stakeholders in the common and necessary efforts to safeguard our environment and ensure the sustainable future of our planet and humanity.

 

Distinguished Guests, Ladies and Gentlemen,

 

In addition to fighting climate change, we must also come together to achieve sustainable development. Indeed, these are two efforts that simply must unite the world and all of its global citizens through cooperation and partnership.

 

Fortunately, the UN has a roadmap to do so and address the other critical and interrelated issues of our time—the 2030 Agenda and its Sustainable Development Goals.

 

The 2030 Agenda and its Sustainable Development Goals is one of the UN’s most significant achievements, and also one of my proudest personal achievements. It provides humanity, and our planet, with a collaborative blueprint to ensure the future we want.

 

Adopted by 193 countries in 2015, the SDGs offer us a way forward to confront the most vital issues of our time.

 

I continue to believe that achieving the SDGs can help bring us together in this era of global pandemic and expanding uncertainty, and simultaneously help chart a more sustainable, inclusive, resilient, and prosperous future.

 

The SDGs’ vision for our shared future is to ensure that no one is left behind. As such, aligning COVID-19 recoveries to the UN Sustainable Development Goals is simply imperative in this connection.

 

Indeed, the SDGs offer us a viable framework to build back better from the pandemic, lessen inequality, construct healthy societies, enhance our resilience to climate change, and synergize sustainable economic growth and prosperity.

 

I am confident that we can achieve the SDGs, and I believe that charting a sustainable, prosperous, inclusive, and resilient future for our communities, countries, and each other will help us do this while simultaneously offering invaluable opportunities.

 

Financial and economic leaders will also have a prominent role to play in this regard, particularly in helping guide the direction of our sustainable future during this era of pronounced change.

 

This is why ESG is so important for key financial stakeholders like you to mainstream in your business strategies and practices.

 

Distinguished Guests, Ladies and Gentlemen,

 

Like COVID-19, the climate crisis is a global challenge demanding urgent action, innovation, and collaboration.

 

Sustainability, inclusivity, and partnership must underpin our responses.

 

During my ten-year tenure as United Nations Secretary-General, I strived to execute my global leadership duties by leveraging the great power of partnerships.

 

This is important since the UN and its Member States can no longer bear these responsibilities alone in our rapidly changing world.

 

In this regard, I humbly call on you all to expand your actions to align your investments and financial vision with the UN’s development and climate goals.

 

Continue to work in partnership with key stakeholders from government, academia, the tech sector, civil society and others. Think big and invest sustainably!

 

A more sustainable and inclusive capitalism underpinned by green growth will guide our future successes; and this will help construct the future foundations for the security and prosperity of all people and our planet.

 

As such, let’s redouble our efforts—here at the 2020 ESG Global Summit and beyond—to help forge these important foundations for our future generations and their earth.

 

I once again congratulate you on the opening of the 2020 ESG Global Summit, and wish that this Summit will be crowned with great success.

 

I thank you for your attention.