What is the B20?
The "Business-20" Summit (B20) is an international forum aimed at fostering dialogue
between governments and the global business community. The B20's main objective
is to provide Heads of State and other government leaders of the G20 with meaningful
recommendations from the private sector, which could contribute to the achievement
of its objectives of global economic growth and social development.
The B20 is integrated by CEOs and Chairmen of leading global companies, as well
as experts from international organizations and universities, who convene to discuss
and generate recommendations that are eventually presented to the government leaders
of the G20.
Objectives of the B20
1. Give continuity to the B20 work and recommendations, and achieve that they have
an impact on the policy agreements of the G20
2. Generate an effective dialogue between the private sector, international organizations
and Heads of State of the G20
3. Give representation to the private sector, at the highest level, among the G20
The B20 first met in Toronto, in parallel to the G20 Summit which took place on
June 2010. In this occasion, for the first time the dialogue between government
and company leaders was institutionalized, with the aim of enriching G20 discussions
as well as allowing the private sector to contribute with recommendations for practical
solutions to global issues.
Since its creation, the B20 has gathered and met with the G20 leaders three times:
in Toronto, on June 2010; in Seoul, on November 2010; and in Cannes on November
2011. In each of these occasions the B20 generated recommendations that have been
discussed in meetings between corporations' leaders and Heads of State.
With time, the importance of the B20 has been growing as a result of the increased
participation of the business community, business chambers and international organizations.
This allowed an increase in the quality of the recommendations generated, a larger
percentage of which has been reflected in the G20 recommendations; as well as an
increase in the number of government leaders involved in continuous dialogue with
the private sector.
The Toronto, Seoul and Cannes Summits generated reports with specific and actionable
recommendations on more than 20 topics, which have been delivered to the G20 and
discussed both with G20 Sherpas and Heads of State.
Since the Cannes and Seoul Summits, significant progress has been made in several
issues discussed during the B20, in line with its recommendations – particularly
in the Anticorruption, Green Growth, Trade and Investment and Financing for Growth
and Development topics.
Almost half of the recommendations developed by the B20 in Cannes were included
in the Final Report of the G20 Summit. Several recommendations were also recognized
during the G20 final declaration, among others concerning job creations through
Small and Medium Enterprises, the social dimension of globalization, and the development
of long term investments. Also during the Cannes Summit, the G20 recognized the
importance of the dialogue with the private sector in its final statement, in particular
with regard to the topics of job creation and fight against corruption, on which
the G20 countries recognized that a significant advance has been achieved. (Arts.
7 and 88 of the Final Declaration of Cannes 2011) At the same time, the G20 has
recognized the importance of dialogue with the private sector making emphasis on
employment and anti-corruption topics in which the G20 countries have recognized
a significant advance (art. 7° and art. 88 of the final declaration of Cannes 2011).
How is the Los Cabos B20 Summit different from past Summits?
Each successive B20 has played an increasingly constructive and meaningful role
in the G20 process. In preparation for the Los Cabos G20 meeting, some important
innovations have been implemented, with the aim of ensuring the development of more
relevant and easily implementable recommendations:
- Broader multistakeholder perspectives: we have included global experts
and key members of civil society as full members in the task forces that have developed
the recommendations that will be proposed to the G20 leaders.
- Closer links with the G20 process: we have briefed the G20 Sherpas
on a regular basis and invited government liaisons to each task force.
- Timeliness: we developed detailed recommendations two months before
the G20 meeting at Los Cabos, and have reviewed and discussed them with the President
of Mexico Felipe Calderón, as the President of the G20, in Puerto Vallarta on April.
- Continuity and impact: we have developed a breakthrough "Advocacy and
Impact Task Force," in addition to our seven core thematic task forces, whose task
is to ensure that the recommendations resonate across countries and are carried
forward from one year to the next.