The Relevance of SIGEF Davos
What do disruptive technologies, inclusive finance, women empowerment and the UN Sustainable Development Goals have in common? SIGEF, the Social Innovation and Global Ethics Forum, set up for the first time in Davos on January 22nd, 2020, brought stimulating insights into the common threads that run through all four topics.
The shared sentiment was/is that an inclusive world can definitely be shaped with the joint effort of all stakeholders from both the public and private sectors. With it, gender equality and wide access to new technologies would be bolstered; financial means and business opportunities would be open to all; and many an environmental and social challenge would be overcome.
More and more, we see a large number of major global corporations, including some emblematic companies like Philip Morris International and Nespresso, both of whom were among SIGEF Davos sponsors, are determinedly headed in that direction. Through strengthened ties within vulnerable communities or via investing in the provision of more sustainable products, they have realized how important it is to embrace the challenges of our times. Startups and fintech organizations including Fintech4Good, as well as NGOs led by WWF and Women Deliver, or media such as Devex and CBS, or again international agencies the likes of Geneva Chamber of Commerce and OECD, are walking the walk, and showing that, undoubtedly, an increased level of social and environmental commitment does help come to terms with inequality.
A few years ago, it would have been unimaginable that the finance and business worlds would seriously get to grips with social inclusion, or deal with environmental issues, or again bolster community empowerment or, even more unpredictably, use disruptive technologies for good. As Yonathan Parienti, founder and CEO of Horyou, the social network for social good, puts it: “Capitalism is changing, and it is becoming more inclusive and more aware of society’s needs”.
That is the relevance and legacy of SIGEF Davos.