Davos 2023 Diary
Updated: Feb 24
In January, our Co-Founder, Anna Forster was back in #davos for the World Economic Forum, where, on this year's sustainability agenda, Nature 🌱 took centre stage. 🌱 We’ve recently had a Paris moment for nature - the Kunming-Montreal Biodiversity Framework agreed at #cop15 past December is as important for nature as the #parisagreement for #climate. Becoming nature positive and reducing #biodiversity loss has finally received the attention it needs and is deeply intertwined and interdependent with combating climate change. 🌱Johan Rockström, the Director of the PIK - Potsdam Institute for Climate Impact Research explained during the annual WWF Nature Positive Dinner: “If we decarbonise the energy system entirely in line with science and have a net zero world economy by 2050, we still crash through the 1.5 degrees celsius threshold just because of nature. Just because of continuous erosion not only of nature stocks, but also carbon sinks and the whole resilience of the biosphere.” 🌱In summary: The Paris agreement cannot be reached without including nature. There is no 1.5 without nature. Following on from this, there was a really inspiring session at the SDG Tent, on how to measure reducing the impact on nature in the form of #biodiversity credits.
Conversely to measuring carbon credits in tonnes of Co2e, there is no simple equivalent for biodiversity. Here defined as as the 1% uplift or avoided biodiversity loss per hectare, standards are currently being developed.
In this session, The Purpose Agents also learnt about he new WWF Risk Filter which allows you to assess a site/location for associated biodiversity risks such as severe weather events or soil condition.
A second highlight for Anna Forster was the session by Prof. Subramanian Rangan from INSEAD Business & Society on the future of leadership, facilitated by Katell. Le Goulven, PhD.
We live in a world where:
▫️the economic system is endangering the biological system
▫️the political system is pulled and pushed by lobbyism
▫️the focus of the economy is wealth as an output and not wellbeing (time, family connection, health, time in nature) for all as an outcome
What do we need to do to drive impact for the better?
For Prof. Rangan, culture is the only way to change the economy and education is a big contributor.
Future leaders in this new paradigm need to comprise (or be educated on) the following:
💡Making choices over decisions
Choices are made with the gut and moral brain while decisions are made with the cognitive brain. Decisions are about information, but choices are about identity.
The future doesn't primarily need competence but leaders with moral character (showing care and commitment). Competence comes second and can be learned on the job.
Doing the right things for our planet and attempting to solve today’s polycrisis challenges is likely going to end in failures along the way. We care too much about what others think about us and future leaders will need courage to fail (and learn) publicly.
The above qualities are still often overlooked by businesses today but are instrumental for change.
#leadership #futureleaders #impact