While the IAA premiered in the Bavarian capital Munich, around 200 invited guests gathered at the BMW World, to discuss one of the most pressing topics of our time: sustainability.
What can we do when we get into situations that we cannot control? When we rely on institutions or other people and our beliefs are influenced by this trust? And what kind of influence does money have on the development in our society? Can we invest money more sustainably with a positive impact on our society? The last two DLD Sync Sessions circled around these questions with great insights from leading experts.
Why we need trust
Rachel Botsman is a writer, lecturer at Oxford University, and an expert on trust. In her book "Who Can You Trust?" she discusses the question of how our trust in the world is changing. At DLD Sync, she shared details on two different kinds of trust: The external trust and the trust in ourselves. “Trust shapes what we believe and who we believe. Trust is the gatekeeper to information in our own personal life," Botsman said.
How big is big enough?
Especially in the current climate, more and more people are losing trust in science or politics. Many systems and companies are becoming bigger and bigger leading to a growing demand for trust in the respective institution. "Many of the causes of misinformation and conspiracy theories lie in the fact that we don’t know who to trust," Botsman continues. "It's not about the volume of information, but about the quality. What we still lack are the signals that tell us, which information is trustworthy and which is not." In an era that is uncertain for many people, the role of trust should not be underestimated, Botsman highlighted.
Impact Investments as a revolution
Sir Ronald Cohen, philanthropist, venture capitalist, and investment expert said in his DLD Sync session that capitalism can be reshaped through impact investments. For Cohen, this type of investment plays an important role: “Impact is a revolution which will go as far as the tech revolution did. I think it’s going to change the business models of the biggest companies, and if they don’t’ change, they’re going to be overtaken”, says Cohen.
The need for transparency
His vision, already discussed in his book "Impact: Reshaping capitalism to drive real change", also includes the idea that transparency is very important for the development and future of capitalism. Effects of Impact Investments could be seen in relation to the environment already. "If we gain transparency on these issues, companies will have to go in that direction, some of them are already going," Cohen explains.
For both videos please visit the DLD Newsblog.
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