Lord Mayor's Coffee Colloquy: SDG10 Productivity & Employee Share Ownership

The 695th Lord Mayor of the City of London, Alderman Professor Michael Mainelli 2023-24 Mayoral Theme “Connect to Prosper” celebrates our multiple knowledge miles, showing that the UK is a place where problems come to be solved. The Coffee Colloquies will demonstrate this, bringing together varied voices from in and around the city to talk about how their work supports the achievement of one of the UN Sustainable Development Goals. Through fast-paced transfer of knowledge, and with a focus on connections and networking, the Coffee Colloquies will invigorate our knowledge miles as the World’s Coffee House.

At this Colloquy, organised by the Employee Share Ownership Centre, eight experts will address Goal 10: Reduce inequality within and among countries. While markets and trade liberalisation have lifted billions out of poverty in recent decades, stark differences between and within nations persist. The speakers will highlight the forces, trends and techniques that will help to reduce inequalities, not least the financial participation of employees in enterprise.

Agenda

08:45 – 09:15 Arrival and coffee served

09:15 – 09:20 Open remarks by Alderman Alexander Barr

09:20 – 10:00 10 x 4 minute expert presentations

10:00 – 10:30 Open Q&A

10:30 – 11:15 Discussion, Networking, Coffee

11:15 – Close

Speakers

Employee Share Ownership Centre:

Damian Carnell

David Craddock

Ifty Nasir

External:

James Ashton, Quoted Companies Alliance (QCA)

Dr Jansev Jemal, Pro Bono Economics

Erik Johnson, Inclusion@Lloyd’s

Sasha Molodtsov, BDO & Diversity Project

Dr Andy Sloan, International Sustainability Institute

Lorraine Young, The Worshipful Company of Chartered Secretaries and Administrators

Moderator:

Robert Pay, Chairman, Esop Centre

Background

The event will consider how inequality might be addressed by raising productivity helped by the use of employee share ownership. Factors that contribute to this includes ground-up volunteer led initiatives, and the practical steps individuals can take to contribute to closing the gap between the ‘haves’ and ‘have-nots.’

United Nations Sustainable Development Goal 10: Targets

10.1 By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average

10.2 By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

10.3 Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard

10.4 Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality

10.5 Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations

10.6 Ensure enhanced representation and voice for developing countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions

10.7 Facilitate orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-managed migration policies

10.A Implement the principle of special and differential treatment for developing countries, in particular least developed countries, in accordance with World Trade Organisation agreements

10.B Encourage official development assistance and financial flows, including foreign direct investment, to States where the need is greatest, in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmes

10.C By 2030, reduce to less than three per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than five per cent.