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Jun 21 - Jun 23, 2020

Finance for the Public Good: Meeting New Expectations in a Decade of Converging Risks

Session 654
Slowing growth, rising inequality and debt, low interest rates and monetary policy limits create a radically different operating environment for financial services, compounded by climate and demographic change and geopolitical tensions. These systemic risks will have a profound impact on, and be impacted by, the financial sector’s ability to deliver local and global expectations fairly and effectively.  The Salzburg Global Finance Forum tackles issues critical to financial markets and global economic growth and stability. Its 2020 program will convene the world’s leading bankers, policymakers and regulators to identify options and best practices for a sustainable financial architecture that ensures the sector operates for the global public good to finance sustainable development and innovation, and meet fast-changing needs of the public, shareholders and the economy.  The financial services sector needs to adjust to urgent imperatives of fairness, inclusion and sustainability while also recognizing its own new characteristics – accelerating dynamics of technology and interconnectedness, changing market structures, and competitive disruption, including the entrance of technology companies. The 2020s mark a pivotal decade to redefine the role of finance as a global public good, recognizing that these cumulative pressures will require policy reforms and radical institutional and technological innovations. The 10th annual program of the Salzburg Global Finance Forum will explore evolving and new dimensions of finance, from data and technology to climate change and sustainability, aging societies, declining growth, and protectionism. It will foster dialogue between industry, innovators and policymakers on redrawing public-private boundaries in policymaking and launching strategies to fulfill new societal imperatives for fair and resilient financial systems.  PARTICIPANT PROFILE Meeting as a community of peers, the Salzburg Global Finance Forum brings together senior leaders, rising specialists and disruptive innovators from:Financial services firms wrestling with technology-driven transformations, changing market structures, and a new competitive landscape marked by the growth of technology companies, as well as changing expectations about the role of financial services in society and the trust placed it in by consumers.  Regulators and policymakers trying to find the right balance between increased systemic safety and the imperatives of financing growth and innovation, all while facing a shift toward greater regionalization and protectionism. Consultancy and law firms serving as advisors to all parties in understanding the practical implications of different regulatory approaches in different jurisdictions, and who can benefit from interact with both practitioners and regulators to explore new strategies to finance growth and fairness in a radically changing world.KEY QUESTIONS Participants will address policy priorities, key obstacles, and practical implementation pathways, focusing on the following questions:What do the public and businesses expect from financial services now and what and on which conditions can financial services deliver?  Is the new competitive environment going to deliver the social goods in established and emerging economies?  Is the distribution of risks and rewards between different players balanced fairly? How can the industry become a vehicle for sustainable and inclusive growth?  What else is needed to strengthen the public good aspects of finance? What is the future role of standards and regulations?  Is there enough resilience in financial services in this evolving environment?  What kind of institutional innovations and reforms are needed?PROGRAM FORMAT The intensive two-day session included panel-led discussions, in-depth working groups, and an Oxford-style evening debate. This highly-interactive session takes place in a retreat-like setting of Schloss Leopoldskron, which facilitates trust, networking, and in-depth conversations. Small group discussions allow intense explorations of specific aspects of the general themes before returning to the plenary to refine conclusions.  PROGRAM GOALSFacilitate discussion about the evolving role of finance in society Discuss how the financial industry can deliver its role as a public good while balancing different needs and demands Explore specific areas of policy actions and frameworks for public-private sector collaborationAn executive summary report will be published within two weeks of the program.
Dec 02 - Dec 05, 2019

Toward a More Inclusive and Diverse Global Philanthropy: Strategies to Address Social, Economic and Historic Inequality

Session 639
Wealth – in the hands of individuals, philanthropic institutions, and investors – has reached new heights. At the same time, growing inequality, which in part has created these new levels of wealth, is destabilizing many societies. How can philanthropies improve their diversity, equity, and inclusion practices internally, while working externally through grantmaking and partnerships to address growing social, economic, and historic inequality?  A growing body of research suggests that “increasing diversity of teams leads to more and better innovation and improved financial performance.” There is a growing movement in some parts of the world to focus on developing strategies for diversity, equity, and inclusion (DEI), but there is yet to be a broader conversation in the global philanthropic sector on how foundations, social investors, impact investors, and grassroots organizations are addressing these issues in their talent development, investments, program design, and grantmaking practices. PROGRAM GOALS This program seeks to:Facilitate dialogue and collaboration between foundations and social investors in different regions working to advance internal and external DEI strategies and enhance their ability to address rising social, economic, and historic inequalities; Explore how philanthropic approaches that address inequality in different regions help increase diversity and inclusion; Exchange experiences and ideas from across regions and philanthropic sectors to support diversity in talent management, investment, and partnerships; Expand the network of influencers across systems, geographies, and generations to generate impactful alliances and enable philanthropic organizations to better address inequality in different social and historic contexts. PROGRAM FORMAT The residential program will be in the retreat-like setting of Schloss Leopoldskron, which facilitates trust, networking, and in-depth conversations. The highly interactive program is structured around a mix of thought-provoking presentations, curated conversations, informal interactions, knowledge exchange, and practical group work and innovation prototyping.   The process seeks to combine theory, policy, and practice across sectoral and geographic silos, opening up new perspectives and intensive learning opportunities. Participants will work in focus groups, allowing for intense explorations of specific aspects of the general themes before returning to the plenary to refine conclusions. KEY QUESTIONSIn what ways do philanthropic organizations address different kinds of social, economic, and historic inequalities? In places where there is not any (or not enough) discussion about addressing inequality, what would it take from foundations and other organizations to take the lead with NGOs and partners to begin the conversation?  How can the inequality conversation be linked to the needs already being addressed by philanthropies around poverty, unemployment, education, and social and environmental justice?  How can philanthropists help change the root legal and cultural structures that have led to societal and economic inequalities? What can be learned from organizations that directly work on the ground on inequality and inclusion issues?       What are the best ways to create and implement DEI strategies, and achieve goals in this area?  How can inequality be addressed by philanthropists through challenging cultural and societal norms that consciously weaken standards of fairness, tolerance, and inclusion?  PARTICIPANT PROFILE This program will bring together a globally-representative group of 25 participants including:Senior staff of foundations and social investment vehicles;  Professionals involved in human reasource functions and talent management; and  Individuals invested in DEI practices.  
Dec 14 - Dec 19, 2019

Halting the Childhood Obesity Epidemic: Identifying Decisive Interventions in Complex Systems

Session 642
Overweight and obesity affect over 2 billion people worldwide, causing at least 2.8 million deaths annually.  An estimate of the economic cost is 2.8% of global GDP.  Since the 1970s the prevalence of excess weight has more than tripled across populations around the world to 13 %, but among children the proportion has reached 18% (over 30% in the United States).  There is variation in this but projections continue to show an upward trend in most countries, with  persistent and deep disparities and profound consequences for physical and mental health.  Given the complexities involved in this phenomenon, what can be done about it?  Over the past decade, our collective understanding of the systems, forces, and conditions that impact childhood obesity has evolved. Increasingly, initiatives in this area have focused on policy and environmental changes. In many parts of the world, we have moved forward as we have shifted national conversations and public discourse away from just personal responsibility to an understanding that it is also the systems and policies that shape our ability to live well and access opportunities for healthy eating and physical activity. There is increasing recognition that the systems and policies that drive obesity in childhood are the same systems that broadly impact the health and well-being of children and families.  What this means is that we are unlikely to solve the childhood obesity crisis unless we are widening our lens to think about broad changes, such as policies that better support families. Until we address the broader determinants of obesity and barriers to its treatment in low income and minority populations, the current disparities in the prevalence of obesity and other chronic diseases will persist and may even increase. The epidemic of childhood obesity is deeply intertwined with related challenges around food access, income inequality, a fragile safety net, inadequate public transportation, and the scarcity of affordable housing. One of the most pressing challenges for preventing and controlling the global epidemic is to ensure that the public health interventions that are being deployed are reaching and benefitting the most socially disadvantaged populations. This Salzburg Global program will highlight how global innovations and ideas in the childhood obesity prevention space could help optimize health outcomes for children everywhere. Building on Salzburg Global’s long-standing series on health systems transformation, including last year’s seminar on creating healthy environments and shared value for children, and on the Robert Wood Johnson Foundation’s approach to a Culture of Health, this program will enable participants from across the world to review strategies and consider adaption in different contexts to enable all children to grow up at a healthy weight.
Mar 10 - Mar 15, 2020

What Future for Festivals?

Session 646
Festivals today are ubiquitous and are diverse in scale, form, and focus. However, they all meet deeply-rooted human needs: the desire to come together, to share in a density and intensity of experience, or - as the German word "Festspiele" infers - to share in a kind of "celebratory play." To mark the hundredth anniversary of the founding in Schloss Leopoldskron of the world-renowned Salzburg Festival, Salzburg Global Seminar will convene creative thinkers and groundbreaking practitioners from around the world to reflect and critically address the roots of festivals, the resources they both consume and create, and the forms they make take in the future.