Here are three things you need to know about the Sustainability Impact Summit
Professor Schwab said at the conference, "We need not only to act quickly, but also to have a clear sense of direction, perseverance and a real spirit of cooperation."

The third Sustainability Impact Summit attracted about 1,000 leaders, including 10 heads of state and government, more than 460 business leaders, including 113 chief executives, and more than 60% of the speakers were women. The focus of the meeting is on deepening public-private partnerships and the widespread application of disruptive technologies of the Fourth Industrial Revolution, as well as accelerating progress on the United Nations Sustainable Development Goals and the Paris climate Agreement.
In the process of global industrialization, complex environmental and governance issues arise. These issues are often transnational, complex and involve many stakeholders. So what are the latest solutions and concerns of multinational companies?
Focus on plastic pollution and the latest solutions
The World Economic Forum report has suggested that by 2050 there will be more plastic than fish in the world's oceans. The World Economic Forum has launched the Global Plastics Action Partnership Initiative.
More and more businesses are recognizing the unbearable cost of plastic pollution to human, environmental health and economic development. Coca-Cola has committed to 100% recyclable packaging by 2025. Marriott International, the world's largest hotel chain, recently announced that it will stop providing plastic toileters to guests by 2020. Amazon has pledged to eliminate single-use plastic packaging from its Indian operations. Google has established Sustainability awards to select and award the most innovative technology solutions each year. Based on the United Nations Green and Sustainable Recruitment mandate, Ali has enlisted engineers to provide innovative solutions for waste separation. The "garbage sorting guide" developed by the engineers has been launched on Alipay and has been used by 4 million people. They plan to equip residential communities with unattended intelligent recycling bins and home version of intelligent garbage cans, and even open up the industrial chain to build an intelligent environmental protection open platform.
In the framework of the new plastic economy, manufacturers will adopt innovative packaging materials with a focus on sustainability. After initial use, consumers will have the right to reuse, recycle or compost plastic products. The number and capacity of waste management facilities, such as recycling plants, will grow exponentially to keep pace with current levels of plastic waste.
Zero hunger and the role of innovative technology
With about 45 per cent of under-five deaths linked to malnutrition, the challenge of zero hunger is only getting worse. The Food and Agriculture Organization of the United Nations predicts that agricultural production will need to at least double by 2050 to prevent mass food shortages.
Artificial intelligence, sensors, robotics and synthetic biology in particular show great promise for improving crop productivity and resilience and optimizing food distribution. For example, NRgene is using machine learning and gene sequencing technologies to identify and sequence the best gene profiles based on crop performance, while Phytech is optimizing crop production through its "plant iot," which sends insights and warnings to farmers' smartphones.
Lab-grown meat, insect protein, and microbial communities have also found a strong foothold in food markets that can help meet the demand for protein. For example, Us-Based Beyond Meat, which makes vegan Meat from pea protein isolates, went public in 2019 and was valued at about $3.8 billion.
The summit meets the criteria for a sustainable meeting at the highest level. The vegetarian menu is sourced within 100 miles of the local area. All surplus food is collected and managed in a targeted manner. Guests are encouraged to bring their own canteen and there is a complete waste sorting system.
The role of sustainability standards
In partnership with the United Nations Development Programme, the Forum launched a new tool, the Strategic Value Framework, to promote awareness of the impact of potential technological, climate and trade disruptions on global value chains. Bangladesh has taken the lead in committing to the framework.




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