The 2008 Summit –
Economic sustainability: New Opportunities for Europe
Andorra, 27-28 November

If sustainability has now become a buzz word of the international agenda its full meaning - as well as what will be required to achieve it - are not necessarily clearly perceived among the public. The debate is still quite vivid in some sectors of the business, political and media European establishment on the kind of policies that will best allow Europe to turn the present challenges into opportunities for renewed progress and additional growth. The discussions in Andorra will provide a significant contribution to that crucial debate.

2008 Program Schedule

PROGRAMME for Thursday, NOVEMBER 27th
08:00 – 09:00	Registration of participants
09:00 – 09:10  Auditorium	Welcoming address Albert Pintat, Prime Minister of Andorra
09:10 – 10:30 Auditorium	Opening — What will it take to get the European economies out of the crisis? The impact of the crisis in the US, and of high energy and commodity prices, is now hitting Europe with full force. The Euro-zone GDP contracted in the last quarter for the first time since the creation of the single currency. The outlook for the rest of the year seems quite bleak with a downgraded growth forecast for 2009 and major uncertainties clouding the horizon. Companies across the continent are cutting costs and investment, while households are reducing consumption, thus amplifying the risk of a downward spiral. What can the European economies do to get out of this looming recession? How can companies best confront the bumpy patch ahead? Jacques Attali, Author and Chairman, Attali & Associés, France Pat Cox, Chairman of the European Movement and former Chairman of the European Parliament Salvador Garriga, Member, Committee on Budgets, Group of the European People’s Party (Christian Democrats) and European Democrats, European Parliament Wolfgang Munchau, Associate Editor, Financial Times, United Kingdom   Chaired by: Claude Smadja, President, Smadja & Associates, Switzerland
10:30 – 11:00	Contact break
11:00 – 12:15 Aria	Debate 20% CO2 by 2020: heavy blow for business or new opportunity? How will European industry cope with the new restrictions on CO2 emissions that have been proposed by the European Commission to fight climate change and promote renewable energy? The European Union aims to reduce greenhouse gases by at least 20%, and increase to 20% the share of renewable energies in energy consumption by 2020. The cost could be as much as €60 billion ($87.7 billion). Industry leaders have argued that these policies will damage the competitiveness of European business. Will heavy industry move out of Europe or will it spur European industry onto a more energy efficient path? Will European companies have a competitive advantage in the short to medium-term as a result of the potential side-effect of more investment in innovation and new emission-reducing technologies? Patrick Birley, Chief Executive Officer, European Climate Exchange, UK Sylvie Giscaro, Director Europe, Carbon Disclosure Project, UK Klaus Hieronymi, Chairman of the Environmental Board, HP EMEA David Murillo, Researcher, Institute for Social Innovation, ESADE, Spain   Chaired by: Martin Porter, Managing Director, The Centre, Brussels
11:00 – 12:15 Terra 14	Panel discussion The sustainability imperative: Europe’s global leadership opportunity? Sustainability is today a key operating concept for corporations as well as for national economies; a concept which needs to be assessed and implemented in view of the major impact that the present financial crisis and the recession will have on the global economy.  Without a strong commitment to a multilateral solution for the financial system, concerted economic recovery policies, increased R&D, entrepreneurship, and innovative policy-making about the challenges related to sustainability, Europe will not be able to seize this opportunity for global leadership. On what kind of assets can Europe build a leadership position on the key issues at the core of the sustainability imperative? Will Europe emerge in a stronger position post-crisis? What should companies, consumers and other stakeholders expect from EU institutions and governments? Claude Smadja, President, Smadja & Associates, Switzerland Ramón Ollé, Presidente Ejecutivo de BES La Salle; ex-Presidente Ejecutivo EMEA Seiko-Epson Corporation Jérôme Soistier, Founder and President, Altadev, France   Special message by video Stavros Dimas, Commissioner for Environment, European Commission   Chaired by: Liz Padmore, Independent Consultant, Board Director and Associate Fellow, Oxford Business School, UK
12:30 – 14:30 Terra 23 restaurant	Lunch Plenary The dangers of the underground economy and the rise of global criminality With the collapse of the Soviet Union, the fall of the Berlin Wall, and the deregulation of international financial markets in 1989, governments and entrepreneurs alike became intoxicated by forecasts of limitless expansion into newly open markets. No one would foresee that the greatest success story to arise from these events would be the globalization of organized crime. Current estimates suggest that illegal trade accounts for nearly one-fifth of global GDP. Whether discussing the Russian mafia, Colombian drug cartels, or Chinese labor smugglers, Misha Glenny makes clear how organized crime feeds off the poverty of the developing world, how it exploits new technology in the forms of cybercrime and identity theft, and how both global crime and terror are fueled by an identical source: the triumphant material affluence of the West. Is this sustainable? Misha Glenny, Writer and Broadcaster, UK (Author of McMafia, April 2008) Chaired by: Claude Smadja, President, Smadja & Associates, Switzerland
14:45 – 16:00 Auditorium	Interactive Keynote The cutting edge of sustainability: can we really count on new technologies? Bertrand Piccard, President, Solar Impulse SA, Switzerland Chaired by: Claude Smadja, President, Smadja & Associates, Switzerland
16:00 – 16:30	Contact Break
16:30 – 18:00 Terra 14	Plenary brainstorming Thriving on graying: the new opportunities of an ageing population Does the ageing population threaten the economic and social balance of Europe or are there real opportunities to be found including new markets, products and a growing number of 65+ consumers with disposable income and time? How can Europe strike a sustainable balance in this new demographic equation? Are there lessons to be learned from the best performers in tackling these challenges? Who are the ageing market entrepreneurs and which sectors stand to gain the most? Sarah Harper, Director of the Oxford Institute of Ageing, and Professor of Gerontology at the University of Oxford Jim Murray, Former Director, BEUC, The European Consumers' Organization, Belgium Herbert Oberhänsli, Head, Economics and International Relations, Nestle SA, Switzerland Jordi Pujol, Former President of Catalonia, Spain   Chaired by: Liz Padmore, Independent Consultant, Board Director and Associate Fellow, Oxford Business School, UK
18:00 - 19:30 Auditorium	Keynote and prize ceremony Entrepreneurship and innovation: what are the keys to success? An interactive keynote with Martin Varsavsky followed by the prize ceremony for the winners of "INNOVADORS'08", rewarding projects for setting up a firm in Andorra or expanding an existing one. Initiated by the Andorran Government´s Bureau of Business Innovation, OIE in 2006 with the aim of diversifying the Andorran economy and improving the business environment. Albert Pintat, Prime Minister of Andorra Jordi Robert-Ribes, Head, Bureau of Business Innovation (OIE) and Prime Minister's Commissioner for Technology, Andorra Martin Varsavsky, CEO, FON, Spain Chaired by: Luis Caelles, Anchor, TV3
19:30 – 20:15	Pre-dinner reception
20:15 Andorra Park Hotel	Gala dinner – An Evening in Andorra The Gala dinner is an opportunity for participants to share experiences while enjoying tastes of Andorran cuisine as well as glimpses of its rich culture.
PROGRAMME for Friday, NOVEMBER 28th
9:00 – 10:30 Auditorium	Plenary debate Sustainability: the new asset for global competitiveness Creative capitalism, sustainability, the triple bottom line and corporate citizenship are buzzwords of the 21st century. Can Europe consolidate and advance its position to become truly cutting-edge in this new era of sustainability-related competition? How will the sustainability imperative impact the growth of emerging markets, the global economy and Europe’s competitiveness? How should principles and commercial competence intersect? Who is winning this race? How do social, environmental and governance factors positively influence financial performance? Does better management of these issues translate into a real advantage over competitors? Soumitra Dutta, Dean, External Relations, INSEAD, France Klaus Hieronymi, Chairman of the Environmental Board, HP EMEA Salvador Roca, Vice-Chairman, Ros Roca Group, Spain Mark Spelman, Global Head of Strategy, Accenture Barend van Bergen, Director KPMG Sustainability, Netherlands   Chaired by: Nik Gowing, Main Presenter, BBC
10:30 - 11:00	Contact break
11:00 – 12:15 Aria	Panel discussion What will be the impact of the current crisis on corporate sustainability? Corporate sustainability practices, in the broadest sense, and the business of going green are just beginning to feel the impact of the global economic and financial crisis. With a growing recession spreading over the European economies, the challenge of keeping sustainability centre-stage will be difficult. How deeply ingrained are these practices and what kind of changes could the present crisis bring to corporate sustainability priorities in Europe and around the world? Are family businesses better able to manage these fluctuations? Mathieu Carenzo, Managing Director, IESE Center for Entrepreneurship, Barcelona Toby Heaps, President and Editor, Corporate Knights Magazine, Canada Glenn Hoetker, Resident Associate, Center for Advanced Study, Faculty Fellow, Academy for Entrepreneurial Leadership, Associate Profesor, University of Illinois at Urbana-Champaign, USA Frédéric  Vallaud, Director, HEC Family Business, HEC, France   Chaired by: Bruno Giussani, European Director, TED and Co-founder, Tinex, Switzerland
11:00 – 12:15 Terra 14	Panel discussion Innovation and creativity: where are Europe’s assets? A key component of sustainable economic growth in an age of increased competition is innovation. Innovation leads to new products, new markets and new processes which contribute to the productivity and value of the economy. Where are Europe’s innovative strengths? Which sectors are cutting-edge? How can innovation be supported and reinforced in Europe?   Simon Dewulf, Managing Director, CREAX, Belgium Eva Garcia, Member of Parliament, Andorra & Council of Europe Pedro Gómez-Romero, Nanoscience and Nanotechnology Research Center, Spain Ziga Turk, Minister for Growth of Slovenia   Chaired by: Liz Padmore, Independent Consultant, Board Director and Associate Fellow, Oxford Business School, UK
12:15 – 13:30 Auditorium	Plenary discussion The future of the global financial system The global financial and economic crisis has highlighted major issues as to how the global financial system has been developing over the past years. It is now clear that there is a crucial need to devise new ways to assess and manage risks, and to create regulatory frameworks able to keep pace with the development and growing sophistication of new financial instruments. What kind of global financial architecture will emerge from this crisis? What kind of changes are we going to see in regulatory frameworks to ensure risk mitigation and greater stability? What role can Europe play in designing this new architecture? What are the key elements and how will they impact the European economy? Jordi Fabregat, Associate Professor of the Department of Financial Management and Control, Programme Director, Executive Master in Economic-Financial Management, ESADE, Spain Juli Minoves, Minister of Economic Development of Andorra Mark Scott, Correspondent, London Bureau, BusinessWeek, UK Charles Wyplosz, Professor, International Economics, Director, International Centre of Money and Banking Studies, Graduate institute of International Studies, Geneva, Switzerland   Chaired by: Nik Gowing, Main Presenter, BBC, UK
13:30 – 15:15 Terra 1234	Closing lunch – Sustaining innovation and entrepreneurship in difficult times Jerome S. Engel, Executive Director, Lester Center for Entrepreneurship & Innovation, University of California, Berkeley, USA   Chaired by: Claude Smadja, President, Smadja & Associates, Switzerland
15:15 – 15:30	Farewell – Closing remarks Juli Minoves, Government spokesman, Minister of Economic Development, Tourism, Culture and Higher Education, Andorra Chaired by: Claude Smadja, President, Smadja & Associates, Switzerland