The two days dedicated to a new model of economy opened today in San Patrignano. To begin the meeting was Prime minister Conte and then many round tables on finance, technology and smart cities
“In the government you will find an always attentive interlocutor to favor business and economic growth.The ultimate goal is not to increase the well-being of entrepreneurs, but to create the conditions so that companies, understood as communities of women and men, can pursue sustainable development”.These are the words with which the President of the Council Giuseppe Conte opened the second edition of the Sustainable Economy Forum organized by Confindustria and San Patrignano within the community itself.The Sustainable Economy Forum 2019 is an initiative that has institutional partners: E4Impact and International Trade Center;main partner: BNP Paribas, Sole24Ore;top partners: Accenture, Eni, Hitachi Rail STS, Intesa San Paolo;partners: Aon, Bracco, Acqua Alma, Celli Group brand, Ente Microcredito, IGP Decaux, Lavazza;with the support of the IBM Foundation;official car Ford.
“The government is interested in economic growth, but it affects not only GDP but how wealth is distributed among the various sections of the population.”
“If today I have the honor of presiding over a government that perhaps with an emphatic formula has defined itself as the ‘government of change’, let me say that that formula is not emphatic for us, it is not a rhetorical concession.Change in its inner essence means just trying in every way, with all your energy, to reverse the course with respect to this model of unfair and unsustainable development “.
A President of the Council appeared very attentive to a growth that concerns young people in particular: “We must create the conditions so that our young people are no longer forced to emigrate to ensure a dignified future for themselves and their loved ones.If the journey as a free and curious exploration of the world is an experience to be promoted, forced emigration instead undermines the sense of community and the ‘social capital’ of a territory.According to data processed by the Idos study center in 2017 – the president of the council then explains – about 285 thousand citizens have left our country: it is a real emergency to which we intend to remedy by creating more job and development opportunities throughout the national Territory”.
The importance of the Forum
To anticipate his speech, Letizia Moratti , co-founder of the San Patrignano foundation who underlined the importance of this two days: “The Forum aims to represent a first spark that nourishes a new alliance between national and international institutions and the business world to build a more open, more sustainable, more inclusive society.The goal must be to support an inclusive business model, in which the interests of the company and the community in which this work is not divergent, but rather complementary.In this regard, we would like to see an Italian fund for the development of Italian companies established in Africa”.
“Today in this community, an ideal of this country is expressed and on this it could create a great convergence: putting together the reasons for development and the reasons for solidarity that are complementary and not antithetical,” then underlined Vincenzo Boccia , President of Confindustria, event co-organizer who isamongst the signatories of the memorandum of understanding in support of Africa.
The memorandum of understanding in support of Africa
The agreement between Confindustria, Cassa Depositi e Prestiti, San Patrignano and E4Impact Foundation to support Africa was signed the same day.Through this the parties committed themselves to collaborate to identify initiatives to be promoted, in particular in the sectors of energy, infrastructure, agriculture, education, urban development, fighting climate change, access to credit for SMEs and support for female entrepreneurship;identify suitable financial instruments also through the mobilization of public and private resources;to promote and disseminate dedicated financing instruments such as green bonds, social bonds and sustainable development bonds, which are useful to favor the realization of investments aimed at achieving sustainability objectives.
On the migration front, the vice president of the European Investment Bank, Dario Scannapieco , intervened : “Together with various NGOs we are studying the feasibility of a financial instrument to encourage the social and labor inclusion of refugees in Italy, also thanks to the private sector involvement “.
The sustainable idea of social bonds
Really appreciated the speech by Sir Ronald Cohen , pioneer of philanthropy, who explained his idea of sustainability: “We need to measure the impact of investments.We want to transform the measurement of impact into a change of behavior.We need to ensure that capital flows performance is better for both risk and return.This means environmental, social and employment impact … We get the best financial results if we take into account the impact and not just the risks and returns “.Hence the idea of social impact bonds: “Social impact bonds mean bringing impact to businesses and making investment choices and giving life to a new era of government policies.Only in this way will the invisible hearts of the market be able to guide its invisible hands ”.
Following Mentoring, social finance, inclusion were at the center of the debates in which speakers like Mario Baccini, president of the National microcredit body, will take part; Antonella Baldino, Director of the International Cooperation Fund for the development of Cassa depositi e prestiti; Monica Simeone, Director and Head of the Italian Red Cross migration area; Arancha González, executive director of International Trade Center; Giovanni Brugnoli vice president of Confindustria; Marcella Panucci, general manager of Confindustria.
In the afternoon we talked about sustainability, transparency and their impact, sustainable finance and technology and how sustainability itself can materialize in cities and communities. Speakers were present, Dario Scannapieco , Vice President of the European Investment Bank; Amel Karboul , UN Commissioner for International Education and General Secretary of the Maghreb Economic Forum; Fabio Benasso, CEO and President of Accenture Italy, Greece and Central Europe; Enrico Cereda , CEO of IBM Italy; Lorena Dellagiovanna , Country Manager of Hitachi Italy; Gaela Bernini, general secretary of the Bracco Foundation and CSR director of Bracco.