Leaders from 13 international business and labor organizations have sent a strong message to G20 countries: step up global collaboration to tackle global crises. Together, they've sent a letter to G20 governments calling for renewed multilateralism to deliver an inclusive and resilient recovery from the convergence of crises facing our world.
Halla Tómasdóttir signed the statement on behalf of The B Team, alongside leaders from the World Economic Forum, International Trade Union Confederation (ITUC), UN Global Compact, International Chamber of Commerce, World Business Council for Sustainable Development, IMAGINE, BSR, The Climate Group, Business for Nature, The International Organization of Employers, the We Mean Business Coalition and the Capitals Coalition.
The organizations represent a total market cap of over $25 trillion, around a quarter of the entire global economy, while the ITUC represents over 200 million workers in 163 countries. They’ve recognized that global cooperation can put the world on a path to a sustainable and inclusive recovery. They’ve come together around this imperative and to ask G20 governments to:
1. Spend, but spend smartly.
2. Tackle inequality through social protection.
3. Mitigate risks to the global economy by bridging the “stimulus gap” in emerging markets.
4. Lead the world on climate action.
5. Reverse nature loss.
Their call comes ahead of this month’s G20 Finance Ministers’ Meeting and Heads of State Summit. The outcomes of both of these convenings will be critical to determining how to deliver an economic recovery that works for all people and the planet.
Read the full letter below.