Lorena, Author at Business for Peace Foundation

Award Committee meets to select 2020 winners

Friday, 14 February 2020 11:11

It was a businessworthy day in New York City on Monday. The 2020 gathering of our esteemed Award Committee members was a successful one.

After a hard day of discussion and reviewing many inspiring candidates, the Nobel Laureates in peace and economics have chosen this year’s winners of the Oslo Business for Peace Award.

The Oslo Business for Peace Award Committee works independently of the Foundation when assessing nominated candidates. Each year, candidates are nominated through our global partners: International Chamber of Commerce, Principles for Responsible Investment, United Nations Global Compact, and United Nations Development Programme. The decision of the Committee members is final.

Our Award Committee consists of Nobel prize winners in Economics and Peace, including one who has also received our Award.

Finn Kydland, member since 2014, is the winner of the Sveriges Riksbanks Prize in Economic Sciences in Memory of Alfred Nobel 2004. He is also the Henley Professor of Economics at the University of California, Santa Barbara.

Ouided Bouchamaoui, member since 2016, is the President of The Tunisian Confederation of Industry, Trade and Handicrafts (UTICA), and Business for Peace Honouree in 2014. UTICA is one of the four organisations that make up the Tunisian National Dialogue Quartet, which was awarded the Nobel Peace Prize in 2015.

Eric S. Maskin, member since 2017, is the Adams University Professor at Harvard. In 2007, he was awarded the Nobel Memorial Prize in Economics (with L. Hurwicz and R. Myerson) for laying the foundations of mechanism design theory.

Leymah Gbowee, member since 2014, is a Peace Activist and Winner of the 2011 Nobel Peace Prize.

The Committee bases their decision based on the Award criteria: being a role model to society and their peers, standing out as an advocate, and having earned the trust of stakeholders.

An announcement revealing who the 2020 Honourees are will take place in March.

What does it mean to be businessworthy?

We asked our Award Committee members what it means to them to employ businessworthy behaviour in business leadership.

“The ability to a run successful business…but at the same time contributes to society in a bigger way.” -Eric Maskin

“It’s showing that the business community is involved in social and environmental matters, and also that we are concerned about the change happened.” -Ouided Bouchamaoui

“Doing business but with more emphasis on what the activities do for society.” -Finn Kydland

See the full video here:

#Future of Talks: The Future of the Ocean

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

Thursday, 04 February 2020 10:51

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.

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.”

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.”

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.

This entry was posted on Tuesday, February 4th, 2020 at 10:51. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

#Future of Talks: The Future of Food

Tuesday, 05 November 2019

Everybody’s talking about food. It nourishes us, brings people together, and makes us happy. But we can’t keep producing and eating the way we are now.

Today’s global food systems threaten the health of our planet and can’t sustainably continue. With links to biodiversity loss, high greenhouse gas emissions, and rising obesity in some areas with food scarcity in others, the production, distribution and consumption of food is negatively impacting people at every level of the supply chain. New solutions are needed but can we really produce food for 7.5 billions people in a way that is healthy both for us and the planet? How are businesses at different levels of the food landscape contributing to a better system?

Come hear our panel of business and civil society experts delve deep into the gaps in the food system- from production to distribution to consumption and waste. We’ll be joined by:

Olav Kjørven, Chief Strategy Officer of EAT Foundation
Bendik Walderhaug, Head of Sales at Too Good To Go
Annabelle Lefébure-Henriksen, CEO/Daglig Leder of Fairtrade Norway
Dyveke Elset, Sustainability Communications Adviser at Norgesgruppen

Schedule

17:30-18:00 Doors open, come mingle and get settled

18:00-19:00 Talk and discussion

19:00-late Stick around and continue the conversation

Can’t make it? Follow along with our livestream here

This entry was posted on Tuesday, November 5th, 2019 at 16:50. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

#Future of Talks: The Future of Capitalism

Friday, 04 October 2019 14:26

If you look at measures like GDP growth and lifespan, life is better for more people around the world than ever before. Yet inequality is rising, natural resources are running low, and many people are questioning the capitalist systems that led us here.What’s at stake if we continue with the status quo? Should we be seeking to make small adjustments or is a total system overhaul the way forward? What is the future role of businesses in a system that needs to be about more than maximising financial profits?

Join us October 29 to hear from business leaders, policy experts, and researchers. The full guest speaker line-up will be announced soon. It’s the latest #FutureOf talk series presented by Business for Peace and MESH. The event is free to attend, but please RSVP to let us know you’ll be joining us.

Speakers include:

Idar Kreutzer, Administrative Director of Finans Norge
Mathilde Fasting, Historian and Economist at Civita
Kalle Moene, Professor and economist at University of Oslo
Marianne Stigset, Senior Vice President of Communications, Public Affairs and Sustainability at Aker

Schedule

17:30-18:00 Doors open, come mingle and get settled

18:00-19:00 Talk and discussion

19:00-late Stick around and continue the conversation

This entry was posted on Friday, October 4th, 2019 at 14:36. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Business for Peace Welcomes New Managing Director

Tuesday, 24 September 2019 15:17

Business for Peace is pleased to announce Marius Døcker as the Foundation’s new Managing Director. Døcker is a tech-savvy business executive with 25 years of international business experience in banking, management consulting, start-ups, technology and manufacturing. He has extensive functional expertise across the value chain and several global industries. He has lived and worked in Asia, US and Europe.

“I am delighted to join the team at Business for Peace,” said Døcker. “I consider myself a born-again capitalist with a grave concern for our collective future. I am committed to working towards sustainability and corporate social responsibility in an era of unprecedented social and technological change. Business for Peace is the perfect platform to champion and accelerate responsible business practices.”

Døcker takes the helm as the Foundation prepares to launch bold new initiatives in 2020. The Foundation will broaden its activities with cornerstone events outside Norway, which will facilitate investment in businessworthy start-ups in developing countries. 2020 will also see the expansion of SDG Impact, an initiative led by United Nations Development Programme that aims for all global capital flows to advance the Sustainable Development Goals agenda. Business for Peace is an official partner of SDG Impact and hosted the initiative’s Nordic Springboard earlier this year.

“The board welcomes Marius Døcker as our new Managing Director to lead the Foundation into its second decade. Marius’ broad international business experience, combined with his deep understanding of the trade-offs that businesses face and his passion for corporate social responsibility make him an ideal candidate for the role,” said Per L Saxegaard, Founder and Board Chair.

About Marius Døcker

Prior to joining Business for Peace, Døcker was a senior executive with Arcus ASA, a listed Norwegian beverage company, and held various roles with Navico, an international marine electronics company. He was also a partner at PA Consulting Group focusing on financial institutions, transportation and manufacturing clients. Before that, Døcker was the Chairman and Managing Director of Etellus AS, an Oslo-based software company that develops technology for advanced internet publishing and e-commerce. He has also been a Director with Andersen Business Consulting in Oslo where he managed the firm’s Nordic Financial Services Practice and served as a member of the European (EMEIA) financial services leadership team. Døcker has previously been a consultant with A.T. Kearney in New York and London.

Prior to a career in management consulting, Døcker worked in various capacities for Continental Savings in San Francisco. He has served on the board of directors for several companies. He holds a Bachelor of Science in Finance from the University of San Francisco and an MBA from Columbia Business School in New York. He is currently on the board of Oslo Røde Kors (Oslo Red Cross), where he also volunteers as a refugee guide.

#Future of Talks: The Future of Your Data

Join us for this talk on the Future of Your Data, and the balance between business needs and individual privacy.

Personal data is becoming a more valuable commodity than oil. We’ve welcomed connected technology into our lives and homes, from the apps we use daily to Alexa, cars, and even refrigerators. It’s easy to see the benefits of such technology, but do we really know what we’ve signed up for? Buried in terms and conditions are permissions for companies to use data in ways we might not realise, and some experts are ringing the alarm.

The fact remains that companies need to collect data to offer their services, and some protective measures like GDPR are in place. What is the balance between business needs and individual privacy? How are companies navigating the ever-changing digital road ahead?

Join us September 17 to hear from business leaders, consumer advocates and policy experts.

Speakers:

Finn Lützow-Holm Myrstad, Director of Digital Policy, Forbrukerrådet (Norwegian Consumer Council)
Bruno Oliveira Martins, Senior Researcher on Security, Peace Research Institute Oslo (PRIO)
Kjersti Løken Stavrum (moderator), CEO, Tinius Trust
Torgeir Waterhouse, Director of Internet and New Media, IKT Norge

Schedule

17:30-18:00 Doors open, come mingle and get settled

18:00-19:00 Talk and discussion

19:00-late Stick around and continue the conversation

It’s the latest #FutureOf talk series presented by Business for Peace and MESH. The event is free to attend (you’ll just have to pay for anything you purchase from the bar), but please RSVP to let us know you’ll be joining us.

Can’t make it in person? Watch the livestream: https://livestream.com/aktivdebatt/events/8821243

#Future of Talks: The Future of Sustainable Fashion

Let’s Talk About the Future of Sustainable Fashion

Wednesday, 07 August 2019 18:16

Some would say the consumption practices encouraged by global, fast-fashion brands have created a throw-away society, involving high-energy use, labour exploitation and increased carbon emissions – all for the latest trend.

Though many consumers are starting to take notice, is their call for change being heard? Does a circular value chain really solve the core problems of the industry? Will companies be able to develop new ways of manufacturing fast enough? And, how has digitalisation opened up for new opportunities in fashion?

Since many companies are failing to reach out to customers effectively about their efforts to become more sustainable, we have assembled a panel of experts and leaders in the industry to share their views on the future of sustainable fashion. Come hear from each of our guest speakers, then stay for a discussion and Q&A.

Speakers:

Ina Vikøren, Sustainability Manager, H&M
Anja Bakken Riise, Leader, Framtiden i våre hender (Future in Our Hands)
Gisle Mariani Mardal, Head of Innovation, Norwegian Fashion Hub
Ingun Grimstad Klepp, Researcher, Forbruksforskningsinstituttet SIFO and OsloMet
Ole Eivind Siggerud, Store Manager and Head Buyer, Livid Jeans

Schedule:

17:30-18:00 Doors open, come mingle and get settled
18:00-19:00 Talk and discussion
19:00-late MESH is throwing an after party! Head downstairs to their Backyard for a bar menu and music from DJ Cecilie Strømheim

The event is free to attend, but please RSVP on Eventbrite to let us know you will be joining us.

It’s the latest #FutureOf talk series presented by Business for Peace and MESH. We’re also pleased to be part of the programming for Oslo’s premier fashion event, OsloRunway. The event is free to attend (you’ll just have to pay for anything you purchase from the bar), but please RSVP to let us know you’ll be joining us.

If you can’t join us, please follow along with the live stream here: https://livestream.com/accounts/3722443/events/8796804

This entry was posted on Wednesday, August 7th, 2019 at 18:16. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2019 Summit Recap

Tuesday, 06 August 2019 12:04

Were you unable to join us for this year’s Business for Peace Summit? Look back on our conference, Navigating in a World of Imbalance, check out our photo album and watch highlights from the Summit’s landmark events below:

View a playlist of the top panels and talks held at our conference, Navigating in a World of Imbalance below:

We look forward to seeing you at next year’s Summit in Oslo, Norway!

2019 Summit Report now available

Monday, 05 August 2019 16:59

The 2019 Business for Peace Summit brought together business leaders, investors, politicians, academics, and civil society to discuss the role businesses can play in driving an inclusive and prosperous future for all. By exploring different perspectives of imbalances and the role of technology and investment, participants identified tangible actions for business leaders through cross-sector conversations and dialogue.

The Summit report, prepared in collaboration with Deloitte, covers how businesses can shift their priorities to focus on broader value creation- not just for shareholders, but also for society. By optimising societal value instead of only financial returns, businesses can deliver better on their responsibility to society and also profit at the same time.

See key insights from Summit speakers such as Achim Steiner, Administrator, United Nations Development Programme, John Denton, Secretary General, International Chamber of Commerce, and Tim O’Reilly, CEO and Chairman, O’Reilly Media are featured alongside other thought leaders. Case studies from companies across the world add further insight and a special message from Nobel Peace Laureate, Ouided Bouchamaoui, is also included.

Read the report here

Announcing the SDG Impact Nordic Springboard

Monday, 06 May 2019 11:36

Achim Steiner, Administrator of the United Nations Development Programme, will gather with leading Nordic investment firms EQT, Summa Equity and LGT at the Business for Peace Summit in Oslo, Norway on May 15, 2019 to call for all global capital flows to advance the Sustainable Development Goals 2030 Agenda. The event marks the Nordic Springboard of the United Nations’ SDG Impact initiative.

Achieving the Sustainable Development Goals (SDGs) by 2030 is expected to require $5-7 trillion in total annual investment and requires a fundamental rethinking of global financial flows. Up until now there has not been a standardised or consistent approach to defining and measuring impact.

SDG Impact initiative has been designed to help meet this challenge. It is a United Nations-led initiative to enable private sector investment by providing investors and businesses with the clarity, insights, and tools required to support and authenticate their contribution toward achieving the SDGs.

SDG Impact aims to catalyze up to $1 trillion annually in private sector investment to achieve the SGDs. These efforts would contribute towards helping create some $12 trillion per year in economic opportunities and 380 million new jobs, which the Business Commission on Sustainable Development estimates would be possible from investing in the SDGs.

On May 15, 2019, the Business for Peace Foundation, an official partner of this initiative, will bring the SDG Impact initiative forward in the Nordic region with a springboard event in Oslo, rallying top investment firms in the region. Nordic institutional investors are widely regarded as world-leading in ESG and impact investment, with much influence globally. EQT, Summa Equity and LGT have taken a lead in the Nordic region on developing the initiative. CEO Christian Sinding of EQT, and Chair Anna Ryott and CEO Reynir Indahl of Summa Equity will speak at the Nordic Springboard about why they support the initiative. They will be joined by CEO Sverre Thornes of KLP and CEO Jan Erik Saugestad of Storebrand Asset Management, in a panel discussion, moderated by Ylva Lindberg, Director of Norfund.

“Sustainability is, and has always been, a central part of EQT. Through our involvement in this new SDG Impact initiative, EQT will be able to influence the way that SDG-alignment is measured and develop our own impact approach further. For EQT, the initiative is particularly exciting, as we are taking a stronger position on climate change and thematic investing in solutions with positive societal impact,” says Christian Sinding, CEO, EQT.

The springboard is part of the 2019 Business for Peace Summit, an annual event that brings together business leaders, investors, leaders of NGOs, politicians, academics, and civil society from all over the world to discuss the practical actions needed in order to make substantial and sustainable business contributions to society. This year, the Summit’s topic is “Navigating in a World of Imbalance”, with the SDG Impact Springboard event as a
cornerstone.

“Summa Equity was amongst the first Private Equity firms to commit to the SDGs, aligning our investment and value creation strategy with the SDG framework. We are proud to be part of the SDG Impact initiative and challenge the whole private equity community to invest in the SDGs. It helps companies show stronger growth and returns, while having lower risk,” says Anna Ryott, Chair of the Board, Summa Equity.

Ryott and Denton are part of the ten-person Steering Group, chaired by Steiner, which was created to signal markets and drive adoption. The Steering Group will play a critical role in the global effort to authenticate SDG-enabled investment and represents an influential cross-section of industries from the global North and South that collectively influence investing around the world.

The SDG Impact springboard event in Oslo will gather Nordic investor support and build momentum to an upcoming global event in Stockholm.

ABOUT BUSINESS FOR PEACE

Business for Peace is an international foundation based in Oslo that aims to support, inspire, and recognise global business leaders who are positively changing the face of business. At the centre of the Foundation’s activities is the annual Oslo Business for Peace Award, conferred to exceptional individuals who exemplify the Foundation’s concept of being businessworthy: ethically and responsibly creating value both for both business and society. An independent Award Committee, consisting of Nobel Laureates in peace and economics, selects the Award Honourees each year. The Foundation also hosts an annual Summit bringing together business leaders, investors, leaders of NGOs, politicians, academics, and civil society from all over the world to discuss the practical actions needed in order to make substantial and sustainable business contributions to society. 

For more information, interview requests, or photos please contact:

Alison Uttley, alison@businessforpeace.org

ABOUT UNITED NATIONS DEVELOPMENT PROGRAMME

The United Nations Development Programme (UNDP) works in approximately 170 countries and territories, helping to achieve the eradication of poverty, and the reduction of inequalities and exclusion. UNDP helps countries to develop policies, leadership skills, partnering abilities, institutional capabilities and build resilience in order to sustain development results. This is a critical time for the world. At UNDP, we see this period as a huge opportunity to advance the global sustainable development agenda. In September 2015, world leaders adopted the 2030 Agenda for Sustainable Development to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. UNDP is working to strengthen new frameworks for development, disaster risk reduction and climate change.

For more information, interview requests, or photos please contact:

Eirik Talleraas, Head of Office, UNDP Nordic Representation Office, eirik.talleraas@undp.org 

Christina LoNigro, Press Secretary, UNDP Executive Office, christina.lonigro@undp.org