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Embedding fairness in sustainable development ftis portsmouth 27-6-18

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WFTO President Rudi Dalvai presented this topic at the Fair Trade International Symposium at Portsmouth University, 27 June 2018.

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Embedding fairness in sustainable development ftis portsmouth 27-6-18

  1. 1. World Fair Trade Organization Rudi Dalvai
  2. 2. The Fair Trade model for sustainable development Imagining a world of Fair Trade enterprises © World Fair Trade Organization 2018
  3. 3. 1. SDGs are great but we are failing 2. Models of business are key and decide how spoils of economy are shared 3. Fair Trade enterprises show an alternative that works 4. We can inspire a business revolution with Fair Trade enterprises © World Fair Trade Organization 2018 What I will say
  4. 4. © World Fair Trade Organization 2018 Everyone is celebrating the SDGs
  5. 5. Planetary boundaries & the doughnut © World Fair Trade Organization 2018
  6. 6. © World Fair Trade Organization 2018 On social SDGs, we are not on track
  7. 7. Inequality underpins fairness & multiple SDGs- most SDGs depend on fair distribution of value and resources © World Fair Trade Organization 2018
  8. 8. But inequality is spiralling – something is wrong In 2017, 82% of new wealth went to richest 1% 3.7 billion people got nothing Richest 1% own more wealth than the whole of the rest of humanity Three richest people in US own same wealth as the bottom half of population (roughly 160m) - Women own only 32% of men IMF says gender equality key to tackling income inequality. FTSE 100 bosses are now paid 129 times as much as their average employee, compared to 47 times as much in 1998 © World Fair Trade Organization 2018
  9. 9. © World Fair Trade Organization 2018 World economy is made of businesses Who these businesses are drives economic outcomes
  10. 10. © World Fair Trade Organization 2018 Mainstream business driving inequality We need an alternative World Inequality Report 2018: “Economic inequality is largely driven by unequal ownership of capital”
  11. 11. Value being channelled to corporate profits 11 © World Fair Trade Organization 2018
  12. 12. The spectrum of businesses There is a choice and we are part of the alternative Power & priority given exclusively to shareholders Balanced approach to distributing power & priority © World Fair Trade Organization 2018
  13. 13. Fair Trade has pioneered models of business that put people and planet first Fair Trade enterprises prioritise the mission but are commercially viable Fair Trade enterprises are the alternative to profit maximisation © World Fair Trade Organization 2018
  14. 14. The mission defines our the business model From new WFTO Standard (becomes public in Sep 2018)
  15. 15. Fair Trade enterprises are innovative & diverse but always put mission of fairness first © World Fair Trade Organization 2018
  16. 16. Sustainable development must be fair Let’s inpire that vision – Thank you! © World Fair Trade Organization 2018

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