Our Global Managing Partner Stefan Schaible was among the notable speakers at the 53rd St. Gallen Symposium, where he delved into the theme of 'Confronting Scarcity.' With a focus on #WaterScarcity, he painted a vivid picture of its far-reaching effects on businesses, governments, and societies worldwide.💧 Watch the panel discussion linked below to gain valuable insights from industry leaders discussing innovative strategies for shaping a resilient #water future in the public and private sectors. ⬇️
Yesterday, I was invited to speak at the 53rd St. Gallen Symposium, the world’s leading platform for cross-generational dialogue on the most pressing global issues. This year’s core theme is ‘Confronting Scarcity’, from shrinking workforces and trade disruptions to depleted natural resources. Water scarcity is one expression of this multidimensional phenomena, affecting businesses, governments and communities worldwide. For too long, climate discussions focused exclusively on mitigation and thus on decarbonization. The shift in emphasis to climate adaptation brings water into the spotlight, since a considerable 70% of financial climate impact is projected to be felt across the water cycle. 💧 Business leaders are beginning to recognize the critical role water plays as an enabler, directly influencing their bottom line and license to operate. Water significantly impacts – and is impacted by – the production of almost every product and commodity, from food and clothing to semiconductors and EV batteries. The water demand for industrial and agricultural production is increasingly competing with the needs of villages and urban areas. It is imperative for policy makers to acknowledge the importance of effectively managing water resources for public health, economic development, and social peace in the long term. Water should be high on the political agenda, with the goal of establishing robust regulatory frameworks that encourage investment and technology adoption. 👉 In a panel discussion with Gerald Butts, Zoran Bogdanovic, Antonio Carrillo, and Mustika Wijaya, we shared strategies on how the public and private sector can build a more resilient water future. You can rewatch yesterday’s session here: https://lnkd.in/eMAAADWD #53SGS #StGallenSymposium #ConfrontingScarcity