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Readout from Prime Minister’s G7 roundtable with business leaders

Global business leaders joined Prime Minister Boris Johnson for a virtual roundtable this afternoon to discuss business’s crucial role in delivering the priorities of the UK’s G7 Presidency.

The Prime Minister opened with a central message for governments and businesses to work together to get the world back on its feet. They discussed how best to drive forward a global economic recovery through public and private investment, as well as the importance of championing global free trade and creating healthy growth as we recover from the coronavirus pandemic.

With June’s summit set to be the first carbon neutral G7, they turned to the crucial role businesses play in the global fight against climate change, ahead of COP26 in Glasgow later this year. The Prime Minister sought their views on how finance can support the world’s path to net zero and what more can be done to build innovative technologies and products, support green jobs around the world, and increase global cooperation to turn the tide on climate change and protect biodiversity.

He urged the business leaders at the roundtable to redouble their efforts to meet net zero by 2050 and looked ahead to the Global Investment Summit later this year, which will bring together executives and heads of major institutions to secure foreign investment in UK green industries of the future.

They then discussed how governments and business leaders can best shape the role and application of new technologies in a way that boosts prosperity and competition whilst upholding G7 values and ensuring social and economic inequalities are addressed – from better broadband connectivity to tackling climate change and improving access to education.

The Prime Minister thanked business leaders for their valuable contributions to help inform the UK’s G7 agenda ahead of the meeting in Cornwall in June.

Attendees:

  • Bill Gates, Breakthrough Energy/Bill and Melinda Gates Foundation
  • Jamie Dimon, JPMorgan Chase
  • Larry Fink, BlackRock
  • Ignacio S. Galán, Iberdrola
  • José María Álvarez-Pallete López, Telefonica
  • Sunil Mittal, Bharti Enterprises
  • Anne Richards, Fidelity International
  • Julie Sweet, Accenture
  • Carol Tomeì, UPS
  • Bill Winters, Standard Chartered