Decades of prioritising GDP growth over social equity has resulted in historically high levels of inequality, destruction of natural capital and the decline of social capital, putting at stake the very essence of our democracy and freedom. If our economic systems continue to function as they are, these key indicators of wellbeing will severely impact our current fragile economy.
Ahead of next week’s G20 Summit, The B Team has partnered with Sistema B, B Lab, The Global Steering Group for Impact Investment (GSG) and the Wellbeing Economy Alliance (WEAll) to send an open letter to the governments of G20 nations urging them to lead the shift toward a global impact economy. More than ten years since the global financial meltdown, this group of business leaders, purpose-driven entrepreneurs and impact investors are calling for action, not just commitment, to rebuilding trust, restoring social equity and fostering courageous global leadership. The letter was signed by Paul Polman (CEO of Unilever & Chair of The B Team), Amit Bhatia (CEO of GSG), Bart Houlahan (Co-Founder of B Lab) and Pedro Tarak (Co-Founder & President of Sistema B International).
CLICK HERE to read the letter.
We have run out of time for commitments. We now need action. The world is watching.
Content from The B Team