Reshaping capitalism at Davos 2020
29 January 2020
IIPP Director Mariana Mazzucato presented her thinking around rediscovering purpose at Davos 2020.
Climate change was at the top of the agenda this year at Davos 2020, the World Economic Forum (WEF) annual meeting in Switzerland, which bought together 3,000 participants from around the world.
IIPP Director Mariana Mazzucato played a key role in the four-day event where the top global business giants from Fortune 500 companies and key thought-leaders of our time, including Greta Thunberg, met to discuss the most pressing issues of the 21st century.
This year’s theme was: Forging a Sustainable Path towards a Common Future, proving that climate change was at the forefront of everyone’s mind and that finding economic ways to tackle it, is key to the future of the planet.
Mazzucato engaged in various thought-leadership sessions during the annual meeting. These discussions focused on: measuring the new economy, debunking the limits to growth and a key panel discussion with outgoing Governor of the Bank of England Mark Carney on green growth.
Putting ‘purpose’ at the heart of the economic conversations were central to IIPP’s contribution to the Davos talks this year, highlighting the need for innovative thinking and patient finance so that a green transition benefits everyone, including both the business community and the general public.
“Purpose is not just about corporate responsibility and short-term goal setting. Instead purpose needs to have a more long-termist concrete way in which the public, private and third sectors tackle the biggest challenges of our time, including the immediate challenge of climate change," said Mazzucato.