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TheBloomberg Global Business Forumis an annual event organized byBloomberg Philanthropies,the charity founded by formerNew York CityMayorMichael Bloomberg.The event is held during the annual meeting of theUnited Nations General Assemblyin each September in New York City as part ofGlobal Goals Week- an annual week-long event for action, awareness, and accountability for theSustainable Development Goals.[1][2]

The conference represents a 'handoff' of the annual meeting of theClinton Global Initiative,the last of which was held during the 2016 presidential campaign.[3][4]

Background

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The first Bloomberg Global Business Forum (GBF) took place in New York in 2017. The event "was inspired" by an earlier Bloomberg Philanthropies event, the U.S.-Africa Business Forum which was held in 2014 and 2016 and was co-sponsored by theU.S. Department of Commerceand Bloomberg Philanthropies. That event brought business leaders together with heads of state from every African nation.[5]At the 2016 U.S.-Africa Business Forum, then-presidentBarack Obamasaid "on so many key challenges that we face — our security, our prosperity, climate change, the struggle for human rights and human dignity, the reduction of conflict — Africa is essential to our progress. Africa's rise is not just important to Africa, it's important to the entire world."[6][7]

The other precedent for the GBF is the annual meeting of the Clinton Global Initiative, a project of the Clinton Foundation. The CGI was held annually beginning in 2005 "as a way to try to implement meaningful solutions to world problems such as climate change, world hunger and poverty." In August 2016, former president Bill Clinton announced that the CGI scheduled for the following month would be the last one.[8]

In the days before the first Global Business Forum in September 2017, Bloomberg adviser and key GBF organizerKevin Sheekeylinked the event to the Clinton Global Initiative, saying that Clinton "doesn't just happen to be the first speaker." Sheekey also said "There's a bit of a handoff" between the two events.[4]In the global development industry, leaders also linked the Global Business Forum with CGI.[9]

2017 Forum content

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The GBF agenda addressed a range of global topics such as "mitigatingclimate change,eradicating disease and alleviatingpoverty."[3]The agenda also featured discussions on addressing the disruption caused by automation and exploring new models for global business.

In an op-ed published on the day of the Global Business Forum, Mike Bloomberg highlighted the importance of the private sector in U.S. foreign policy, saying "it's important to remember that in a global economy, America's relationship with the world does not depend solely on the state of politics along Pennsylvania Avenue."[10]Bloomberg argued that in a range of topics, "from public health and safety to broadband access to anti-poverty efforts," government should collaborate with business "because the private sector is often better at allocating resources productively, controlling costs, and using cutting-edge technology to solve problems."[10]

During the Global Business Forum, leaders offered several major announcements.World BankPresidentJim Kimand the Executive Secretary of theUN Framework Convention on Climate ChangePatricia Espinosaannounced a new joint platform to reduce the risk of climate investments called "Invest4Climate."[11]Also at the forum, California GovernorEdmund G. Brown Jrannounced that Bloomberg, Espinosa and Indian business leaderAnand Mahindrawould co-chair hisGlobal Climate Action Summit.[12]Nigerian industrialistAliko Dangotealso announced an initiative to target one million Nigerian women for small grants using mobile banking.[13]

Speakers at the 2017 Global Business Forum included former presidentBill Clinton,[14]Mike Bloomberg,Microsoftfounder andBill and Melinda Gates FoundationcofounderBill Gates,Alibaba Groupfounder and executive chairmanJack Ma,[15]AppleCEOTim Cook,[16][17]PepsiCochairman and CEOIndra K. Nooyiand NBA superstarLeBron James.[18]Heads of state and global organization speakers included French PresidentEmmanuel Macron,[19]IMFManaging DirectorChristine Lagarde,formerJoint Chiefschair Adm.Mike Mullen,Turkish PresidentRecep Tayyip Erdogan,[20]Canadian Prime MinisterJustin TrudeauandWorld Bank GrouppresidentJim Kim.[21]

Relationships

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In March 2018, speaking to the European Commission at the EU Sustainable Finance Day, French President Macron announced that he would be moving the next meeting of his One Planet Summit against climate change to New York to coordinate with the 2018 Global Business Forum, to be held September 26, 2018.[22][23]

References

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  1. ^"Global Goals Week - About".United Nations Foundation.Retrieved4 August2020.
  2. ^"Global Goals Week 2019".IISD SDG Knowledge Hub.Retrieved4 August2020.
  3. ^abKaraian, Jason."Mike Bloomberg is looking to take over New York's most elite conference from Bill Clinton".Quartz.Retrieved2018-07-09.
  4. ^ab"As the Clintons Step Back From Global Stage, Bloomberg Steps Up".Retrieved2018-07-09.
  5. ^"Michael Bloomberg is the new Clinton".Axios.Retrieved2018-07-09.
  6. ^"Remarks by President Obama at the U.S.-Africa Business Forum".whitehouse.gov.2016-09-21.Retrieved2018-07-09.
  7. ^"Obama Speaks About U.S. Investment in Africa".bloomberg.Retrieved2018-07-09.
  8. ^Johnson, Ted (2016-08-18)."Clinton Foundation to End Global Initiative Event, Curb Donations".Variety.Retrieved2018-07-09.
  9. ^"Bloomberg Philanthropies aims to make splash during Global Goals Week".Devex.2017-09-12.Retrieved2018-07-09.
  10. ^abBloomberg, Michael (20 September 2017)."Stronger Global Relations Require Business Leadership".Bloomberg.Retrieved2018-07-09.
  11. ^"With help from Michael Bloomberg, the World Bank and UN look to take the risk out of climate investments".Devex.2017-09-21.Retrieved2018-07-09.
  12. ^"Governor Brown Welcomes Co-Chairs from Around the World for Global Climate Action Summit | Global Climate Action Summit 2018".globalclimateactionsummit.org.Retrieved2018-07-09.
  13. ^"Dangote announces grant for 1 million women at Bloomberg Global Business Forum 2017 - TechCity".techcityng.Retrieved2018-07-09.
  14. ^Fessler, Leah."Bill Clinton coined a new phrase to describe today's right-wing populism".Quartz.Retrieved2018-07-09.
  15. ^"Jack Ma Says Stop Looking to Manufacturing Growth for Jobs".Bloomberg.Retrieved2018-07-09.
  16. ^"Apple CEO Tim Cook defends 'dreamers' program".Milwaukee Journal Sentinel.Retrieved2018-07-09.
  17. ^"Tim Cook Speaks About DACA, Coding, and More at Bloomberg's First 'Global Business Forum'".Retrieved2018-07-09.
  18. ^Landy, Heather."Now everyone can see the pep talk LeBron James gave at a private event for global leaders".Quartz.Retrieved2018-07-09.
  19. ^"Macron Indicates Openness to Treaty Change as Part of EU Revamp".Bloomberg.Retrieved2018-07-09.
  20. ^"Erdogan Ready to Send More Troops to Syria, Praises Russian Role".Bloomberg.Retrieved2018-07-09.
  21. ^"Speakers | Bloomberg Global Business Forum".Bloomberg Global Business Forum.Retrieved2018-07-09.
  22. ^"Macron traslada a Nueva York la cumbre contra el cambio climático este año".El Economista(in Spanish).Retrieved2018-07-09.
  23. ^"Bloomberg Global Business Forum | September 26, 2018".Bloomberg Global Business Forum.Retrieved2018-07-09.
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