Prince Charles has officially confirmed that business leaders from around the world will convene in Sharm El Sheikh, Egypt, on November 7 and 8, as part of his Sustainable Markets Initiative (SMI) and Terra Carta Action Forum.
The future King’s plans come despite the UK experiencing a cost-of-living crisis, with Brits facing recession and sky-high energy bills later this year.
However, Charles is steadfast that his forum will take place at this year’s Cop27 climate talks, and he hopes to accelerate the transition to a more sustainable future.
“Over the past year, we have seen the increasingly devastating effects of climate change as the world warms, the seas rise, and people all over the world suffer the disastrous consequences,” Charles said.
“In 75 days the world meets in Egypt for Cop27, where we must focus on how to deliver the promises made in Glasgow to unlock trillions of dollars of private sector investment to transition the global economy to a more just, sustainable and affordable future.”
Among the forum events that will take place in conjunction with the World Leaders Summit will be the work of the SMI industry task forces and the winners of the inaugural Terra Carta Design Lab.
“The private sector is leading the way in helping drive a just transition to a low-carbon, sustainable future for nature, people, and planet,” said Bank of America CEO and SMI co-chairman Brian Moynihan.