Barclays Chief Executive Bob Diamond attended the Clinton Global Initiative (CGI) 2011 Annual Meeting in New York last week, participating in a dinner and panel discussion with world leaders on the use of markets to source and scale solutions to global challenges.
The panel discussion entitled ‘Sustainable Consumption: Redefining Business as Usual’, took place on Wednesday, 21 September and centred on the need for governments and businesses to incorporate sustainability into their business model.
Barclays in Africa
Barclays presence in Africa was cited by Bob as an example of Barclays commitment to sustainability. During the discussion, he spoke about Barclays initiative to finance mobile tech research and development to help advance mobile banking outside of urban centres in Africa. Following the discussion, US President Barack Obama addressed the audience and praised his predecessor, former US President Bill Clinton, and the companies which support CGI, for the innovative contributions they make to alleviating global problems and giving hope to deprived minorities.
Partnership with Room to Read
The CGI also recognised Barclays for its partnership with Room to Read, which believes that world change starts with educated children, and seeks to transform millions of children’s lives in developing countries by focusing on literacy and gender equality in education. Since 2008, the firm has funded the building of libraries, creation of children’s books and educational scholarships across Africa and Asia.
Hosted by former US President Bill Clinton, the annual event convenes global leaders to devise and implement innovative solutions to the world’s most pressing problems.