Conference Presentation, Panel
Wake Up, Europe! Stories That Frame the Future
Milken InstituteJeremy Coller, Sylvia Earle, Lord Michael Hastings CBE, Baron Hastings of Scarisbrick, Jay Shetty, Jayne Van Hoen
Jeremy Collar: Factory Farming as an Investment Risk and Sustainability Threat
- Strategic Pivot: Collar redefined his personal and professional legacy by shifting focus from generic business success to ending factory farming, driven by a "deathbed scenario" exercise to prioritize purpose and health.
- Market Trend: Factory farming expanded rapidly over 25 years; in the US, 30% of pigs were in factory farms in 1992, rising to over 97% by 2017.
- Production Metrics: The global chicken population reached 23 billion in 2017 (up from 13 billion in 1993), and 50% of consumed fish is now farmed.
- Antibiotic Usage: 75% of all antibiotics in the US are used in livestock, making factory farming the number one global user of antibiotics and a primary driver of Antimicrobial Resistance (AMR).
- Climate Impact: The sector generates more greenhouse gases than the entire global transport sector, accounting for 35% of methane and 53% of nitrous oxide emissions.
- Resource Competition: Factory farming consumes 6kg of plant protein to produce 1kg of animal protein, utilizing 230% of cereal growth compared to a 60% global population increase.
- Water Intensity: Producing 100 calories from beef requires 1,000 liters of water, compared to 38 liters for the same caloric yield from potatoes.
- Investment Risk Event: Yum! Brands (KFC, Pizza Hut, Taco Bell) underperformed the Morgan Stanley Index starting in 2013, correlating with avian flu outbreaks that impacted share prices.
- Capital Mobilization: In 23 months, the "Fair Farm Animal Investment Risk and Return" initiative gathered $4 trillion in assets under management from Chief Investment Officers.
- Corporate Engagement: All 20 companies approached regarding sustainable protein diversification responded; 15 of 16 companies engaged on antibiotics policies have replied.
- Strategic Recommendation: Investors are urged to demand ESG data specifically on factory farming, shift portfolios toward plant-based alternatives, and support alternative proteins (e.g., cultured meat, plant milk) rather than improved factory farming.
Sylvia Earle: The Ocean as the Planet's Life Support System
- Economic Reality: Earle asserts that the economy is a "wholly owned subsidiary of the environment" and argues for accounting for nature's costs on the global balance sheet.
- Ocean Dominance: 97% of Earth's water and the majority of life exist in the ocean, making it the primary driver of climate, weather, and oxygen production.
- Exploration Gap: Only 10% of the ocean has been mapped with the same accuracy as the surface of Mars or the Moon, yet 64% of the ocean remains in the "high seas" (global commons).
- Stock Collapse: Approximately 90% of large fish populations (tuna, cod, swordfish) are at historic lows, and 50% of coral reefs have disappeared since the 1950s.
- Threats: The primary drivers of depletion are luxury consumption (e.g., shark fin soup) and industrial-scale extraction, with 3,000 people drowning in the Mediterranean annually while fleeing destitution.
- Conservation Wins: Global moratoriums on whale hunting (1980s) and the establishment of major marine protected areas (e.g., Papahānaumokuākea in the US, the Antarctic high seas area) demonstrate that human choice can reverse extinction trends.
- Policy Shift: Recent actions by leaders in Mexico (Maria Gajedo Islands) and the US (Hawaiian islands) expanded protected zones where fishing is banned to restore biodiversity.
- Future Outlook: Earle advocates for democratizing access to the deep ocean via new submersible technology to foster public connection and protection of marine ecosystems.
Lord Hastings: Pragmatic Action on the 17 Sustainable Development Goals (SDGs)
- Economic Projection: Adopting the 17 SDGs could generate $12 trillion in new annual business opportunities and create 380–400 million new jobs by 2030.
- Poverty Scale: 850 million people (1 in 7 globally) live in extreme poverty, with 1 in 5 UK children struggling with food insecurity.
- Migration Drivers: Displacement is driven largely by hunger and desperation rather than conflict alone, with an average refugee spending 17 years in camps.
- KPMG Pilot Results: KPMG applied audit and business skills to a destitute community in Pemba Island, Tanzania, achieving results in sanitation and infrastructure after 8 years of engagement.
- Living Wage Campaign: KPMG initiated a living wage policy for all staff and suppliers in the UK, which subsequently spread to Australia and became global policy.
- Aboriginal Reconciliation: A coalition of 30 companies (including the Commonwealth Bank of Australia) committed to economic reconciliation, sending professionals to support Indigenous communities in Papua New Guinea and Australia.
- Literacy Crisis: 758 million people worldwide are illiterate, a deficit that limits economic participation, health literacy, and civic engagement.
- Strategic Shift: Hastings argues for moving beyond "boiling the ocean" idealism to pragmatic business-led execution of the SDGs to address root causes of inequality.
Jay Shetty: Mental Health, Self-Awareness, and the Crisis of Modern Education
- Mental Health Crisis: 450 million people globally struggle with mental health conditions; the UK has the second-worst mental well-being among millennials in Europe, with record suicide rates among university students.
- Workplace Impact: Millennials are the most depressed generation at work, and Japan records 10,000 "karoshi" (death by overwork) cases annually.
- Resume Fraud Statistics: 57% of candidates lie about skill sets, 55% about responsibilities, and 34% about job titles, indicating a systemic lack of self-awareness regarding true capabilities.
- Root Cause Analysis: Shetty identifies the primary issue not as a lack of confidence, but a "lack of self-awareness," where individuals fail to articulate what they love, value, or are good at.
- Educational Gap: Current systems train for jobs rather than life, creating a disconnect between professional success and personal fulfillment ("leaving the keys to happiness downstairs").
- Solution Framework: Shetty proposes a "Virtual School of Unlearning" focused on the "Compass and Community" model to help individuals find their "Ikigai" (reason for being).
- Educational Philosophy: The school prioritizes "heart, head, and hand" (character, competence, and compassion), arguing that the illiterate of the 21st century are those who cannot "learn, unlearn, and relearn."
- Future Workforce: With Millennials comprising 75% of the workforce by 2020, resolving internal turmoil is a prerequisite for solving global macro-problems.