The Business 20 is a forum of global business leaders providing policy recommendations to the Group of 20 (G20) countries, an economic forum of countries that represent approximately 85% of global GDP. The goal of the Business 20's work is to improve policy making, drive strong and sustainable economic growth, and establish appropriate economic governance.
Each year, membership in the Business 20 ranges from 500 to 1,000 of the most influential business leaders. The summit is organized by topic task forces that are determined by the host country to reflect priorities in global business and economic governance.
BCG has been involved with the Business 20 since 2013, and BCG Chairman Hans-Paul Bürkner serves as a cochair of select topic task forces, providing input on the direction of task force recommendations and interacting with government ministers as the face of the Business 20.
As a knowledge partner of the Business 20, BCG contributes in additional significant ways. We tap our people and our insights to help identify the policy changes that can improve economic, social, and environmental outcomes on key issues such as trade, investment, infrastructure, human capital, and financing for growth.
The Business 20 Germany Summit was held on May 2-3, 2017, in Berlin. Once again, BCG served as a knowledge partner, as it has for several years. BCG provided a senior team of public sector and industry experts to support three B20 task forces over a 7-month engagement preparing policy recommendations for the G20—digitalization; trade and investment; and energy, climate, and resource efficiency.
Digitalization. For the first time, the summit featured a dedicated B20 task force on digitalization, highlighting the importance and impact of the topic for businesses across G20 member states. As a knowledge partner on this task force, BCG drew on its work in digital transformation, technology advantage, and artificial intelligence. BCG’s Chairman Hans-Paul Bürkner served as one of the cochairs, alongside Rajeev Suri, the CEO of Nokia; Klaus Rosenfeld, the CEO of Schaeffler; and other renowned industry leaders. The task force's recommendations outlined a favorable regulatory environment for and informed public dialogues on the opportunities and benefits of digital technologies. They sought to advance global connectivity, strengthen Industry 4.0 and the Industrial Internet, and embrace artificial intelligence.
Trade & Investment. A strong statement against protectionism was made by this task force, underlining the need for a common perspective of the G20 on the benefits and disadvantages of trade. Other recommendations sought additional support for the disadvantaged and a clear agenda for expanding digital trade and facilitating investments in developing countries.
Energy, Climate, Resource Efficiency (ECRE). Through this task force, the B20 acknowledged for the first time the opportunities presented by the Paris Agreement. The task force recommended consistent and robust carbon pricing, predictable and technology-enabled energy markets, and a focus on innovation.
The Business 20 China Summit took place September 2016 in Hangzhou. Last year, BCG was serving as the knowledge partner for two of the five critical topics explored at the summit—infrastructure and trade and investment. Hans-Paul Bürkner was cochairing the Infrastructure Task force to help direct the exploration of the topic and to serve as the face of the Business 20 in interactions with government ministers.
The Business 20 Turkey Summit was held in Ankara in September 2015. More than 500 participants representing every G20 nation gathered under an agenda focused on continuity, inclusivity, and connectivity.
BCG's involvement was coordinated by BCG Turkey and represented a full year of work supporting the Trade and Investment and Financing Growth task forces.