Bill winters, Chief Executive of Standard Chartered

Could you have imagined this 50 years ago? The value of Tesla Inc, a company built on sustainability as its core value- is higher than the value of GM, Ford, VW and Toyota.Sustainable businesses as a global priority are being accepted universally today. At the WEF 2021 in Davos, Bill Winters, Group CEO of the UK-based Standard Chartered Bank said, "the transition toward an environmentally stable global economy represents a USD 50 trillion (EUR41 trillion) investment opportunity. These are interesting assets, both for social reasons, and because they should generate an acceptable return for investors."Time to recognize that emissions don't have a passport. Yet, it is developing countries like India that will have a significant contribution to the world's energy transition. We are fortunate that such a big opportunity has landed on our doorstep.There is no way to net zero emissions without hugely accelerating clean energy investments in emerging countries. More and more businesses will switch by sheer force of necessity to sustainability - the job you're seeking may not come from the kind of employer you're used to. The guiding lights of the new world-Jeff Bezos, Elon Musk, Warren Buffet - sustainability is all they're talking about.Tarun Anand, Chairman Universal Business School says, "it's time to take stock. The business paradigm has already shifted. Hence,* People who lost their jobs due to COVID - it may be a good idea to re-imagine completely what your next job may be.* It is also not known what the next pandemic will be? What aspect of human neglect will bring on the next crisis- could it be environmental? Hence, how are we collectively racing against time to transition to low-carbon and climate resilient economies.* As far as management education goes, B-Schools have to pause; have we trained the future professionals, right? In trying to ensure visibility for ROI- have we encouraged shorter investor time horizons and sabotaged the mandate to "build back better"?I for one am optimistic about the new path that young professionals may unlock for themselves. My advice to youngsters is, that for whatever reason, if you missed the bus, take the next flight out. I see an entire new industry emerging at the intersection of AI/STEM and sustainability. So, a good approach would be to pick up a well-priced AI-Sustainability Centric Executive MBA, unlearn the old ways of doing and learn the new."The campaign #BuildBackBetter is all about this new realisation- especially because in the emerging markets -the impact of every dollar is disproportionately greater. Key questions that management professionals are facing today are -* What will it take for investors to move capital where it is most needed?* How can emerging economies develop their capital markets to improve their competitive advantage?"Businesses have realised you can't succeed in a failing world," says Ann Cairns, executive vice chair of Mastercard, in a session on pathways to global transformation. In May 2021, two para-gliders circled the headquarters of the European Central Bank to unfurl a banner "Stop funding climate killers" to protest against the EURO 300 billion bonds issued to fossil fuel companies terming them as "dirty bonds". European bankers like Deutsche Bank CEO Christian Sewing stating that "lenders risk losing their license to operate" if they do not make Green Financing a priority.To start with, let's make all of management education and executive education 'go green'- how about an MBA in Sustainable Finance or Green Finance- which will underpin the world's ability to meet the 2030 Agenda. How about Green Marketing that looks at the environmental impact of all the single-use plastics we sell.Business schools and professionals will also have to follow suit or face extinction.This story is provided by Mediawire.will not be responsible in any way for the content of this article. (ANI/Mediawire)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Bill WintersFOLLOW

Bill winters, Latest News

International :Union Minister Piyush Goyal discusses India's economic growth opportunities with Standard Chartered Group Chief Executive

London [UK], July 13 : Union Minister of Commerce and Industry Piyush Goyal on Thursday held a meeting with ... ...

International :Maktoum bin Mohammed opens inaugural Dubai FinTech Summit

Dubai [United Arab Emirates], May 8 (/WAM): Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of ... ...

International :India-UK 2nd Financial Markets Dialogue: G20 Roadmap for cross-border payments discussed

London [United Kingdom], April 19 : India and the UK held the second meeting of the India-UK Financial Markets ... ...

Business :WEF: Carbon pricing standards needed to boost green energy, say experts

To reach 2050 emissions reduction targets, trillions of dollars in public and private capital are needed to adopt and ... ...

International :Trillions of dollars needed to adapt green technologies: Experts at WEF

Davos, Jan 20 In order to reach 2050 emissions reduction targets, trillions of dollars in public and private ... ...

Business :Lost your job to COVID? Switch to sustainability

Could you have imagined this 50 years ago? The value of Tesla Inc, a company built on sustainability as its core value- is higher than the value of GM, Ford, VW and Toyota. ...