In this second part of our Externalities episode, host Karim Rushdy continues the conversation with guests Detlef Kratz, President of Group Research at BASF, and Akintayo Adisa, who leads the Waste-2-Chemicals project in West Africa for BASF. Detlef and Akintayo discuss the importance of innovation and strategic partnerships in realising a more sustainable future.

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In this special two-part episode, we dive into the concept of externalities; what are they? How do they affect businesses and societies at large, and how are companies addressing them?

Joining us on this podcast are Detlef Kratz, President of Group Research at BASF, and Akintayo Adisa, who leads the Waste-2-Chemicals project in West Africa for BASF. Together, they give us an inside look into the steps BASF are taking to address externalities, the impact this endeavour has had on their business and the adoption of circular economy principles in tackling sustainability challenges.

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Like the 2018 financial crisis, the COVID-19 pandemic was yet another inflection point in our appreciation of the purpose of our economies and our understanding of the role of business in society.

As we emerge from the pandemic, one thing is clear: blindly perpetuating “business-as-usual" is no longer viable in light of the social, economic and environmental challenges we face.

In today’s episode, host Karim Rushdy is joined by Bei Hu, Vice President and lead of the East Region and Clean Hydrogen businesses for Linde, China. Bei shares his insights on the evolving role of business in society, especially across different societies and cultures, and how companies can strike a balance between meeting targets and KPIs while affecting positive change and helping to redesign society for the better.

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With global crises deepening on several fronts, it is becoming increasingly clear that our economic systems in their current form are at war with the planet and society.

Whilst capitalism has brought progress and prosperity to many around the world, countless more have been left behind.

At the same time, our consumption driven approach to growth and development which underprices resources and externalises costs has pushed our natural systems to the brink of collapse.

In this episode, Chandran Nair, Chairman of GIFT.ed, and Emmanuel Aihevba, Head of Main Market Clients at Stanbic IBTC Bank in Nigeria discuss the need to reshape capitalism in the face of five critical change drivers that will determine planetary and societal wellbeing in the 21st century.

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Humanity wouldn’t be where it is today if not for the successive industrial revolutions that began in the 18th century. The latest of these, known as IR 4.0, has become synonymous with the promise that digital technology will solve all our problems.

But the internet of things, AI and blockchain are not silver bullets for the challenges we face, nor are they substitutes for basic needs like clean water and sanitation, housing, and energy, which billions around the world still lack access to.

Enter Insured Resilience – the “new” IR1.0 – a framework for action in several key areas that can strengthen basic infrastructure, address persistent inequities, and ensure societies globally are protected from future shocks.

Sharing their insights with us on this podcast are Chandran Nair, Chairman of GIFT.ed, and Joo-Seuk Maing, CEO of PRETTL Group in Korea and Vietnam.

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In this podcast, we speak to Maryam Al Mansoori, General Manager of Rebound Plastic Exchange and Chandran Nair, Chairman of GIFT.ed about what it means to have a sense of purpose, how purpose drives us, and what we can do to cultivate our personal purpose in the face of life's challenges and what we seek to accomplish.

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