Yunus inaugurates 12th Social Business Summit in Italy

Nobel Laureate Professor Muhammad Yunus on November 7, 2022 opened the 12th Global Social Business Summit (GSBS) in Turin, Italy. 

About 500 delegates from 45 countries and from 50 organisations including social businesses, and universities, participated in the two-day event at the conference hall of Lavazza, the largest coffee company in the world, according to a press release issued in this regard.

The GSBS annually brings in global social business practitioners, advocates, academics, and institutions to one of the two biggest annual gatherings of social businesses, stated the release.

Photo: Courtesy

Professor Yunus in his inaugural speech called for creating a world of three zeros, replacing the present money-making world. "Three Zero World" is a world with zero net carbon emissions, zero wealth concentration and zero unemployment, he elaborated.

The summit also showcased how the role of social businesses will lay the foundation of the culture of peace.

Mayor of the City of Turin Stefano Lo Russo, Secretary General of the Turin Chamber of Commerce Dr Guido Bolatto; President of Fondazione Compagnia di San Paolo Francesco Profumo; Vice President of Lavazza Group Giuseppe Lavazza; Founder of One Young World Kate Robertson, and the Grand Duchess of Luxemburg Maria Teresa spoke at the opening ceremony emphasising need for social businesses across the economy to solve the problems created by the present economic framework.