After almost a year of work and the commitment of more than 1000 delegates from the G20 countries, the B20 - which represents over 6.5 million businesses - delivered to the Prime Minister, Mario Draghi, the recommendations of the G20 industry. These recommendations aim at supporting the Italian Presidency in addressing the challenges of the global agenda in view of the Summit of Heads of State and Government of the G20 countries scheduled for October 30 and 31.

The document is the outcome of an important work, carried out by the nine task forces and summarized in 32 policy recommendations, 93 calls to action and 37 monitoring KPIs (Key Performance Indicator) to measure the implementation and impact of industry proposals.

The Key message of the document is summarised in the motto “Reshape the future: Include, Share, Act”.

Include means that people, businesses, and countries can achieve a truly sustainable growth only by combining diversity and inclusion and by enhancing education, upskilling, and reskilling, willing to:   

• Empower Women and Youth, and Ensure Equal Opportunities for All
• Unlock the Digital Transformation and Build Skills for Tomorrow
• Scale up Sustainable Finance and Support Impact Investing and Financing
• Include LDCs and MSMEs in the Global Economy and Foster Access to Trade Finance

Share means to work for an open and undistorted trade, wider transparency and accountability and more sustainable infrastructure, trying to:   

• Promote Open Trade and Halt Protectionism, Especially on Vaccines
• Speed up Adoption of Innovation and Achieve Broader Access to Care
• Enhance Investment in Sustainable Infrastructure and Urban Regeneration
• Promote Sustainable Governance, Increase Transparency and Fair Competition

Act means to fight fora global resilience, aiming to:

• Accelerate the Net Zero Race, Drive the Just Transition, and Fight Climate Change
• Establish a Global Emergency Governance for Future Crises
• Reform the WTO and Strengthen International Cooperation
• Level the Digital Playing Field and Foster a Trustworthy Ecosystem

Talking on the most pressing challenges at the B20 Summit, Mr. Erol Kiresepi, Honorary President of the International Organisation of Employers (IOE) and Co-Chair of the B20 Employment & Education Task Force, called for more effective public-partnerships, strengthened multilateralism and collective action to bring the world back to work.

B20 Chair, Ms. Emma Marcegaglia, commented that B20 work was guided by the firm conviction of a renewal of the global community towards multilateralism, as “Unity and pragmatism are needed. No ideology, but responsibility and partnership. If 2021 is to be remembered as the year of renaissance, then we need a much stronger cooperation among states”. “To the incoming Indonesia B20 Chair, my best wishes, encouragement, and support for her forthcoming mandate”, she concluded.