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B7 Joint Statement, 2021
Written by BCCJ
May 15, 2021
A mainstay of the G7 Presidency calendar, the Business 7 (B7) summit acts as the voice of business for the G7 group.
As part of the UK’s Presidency of the G7 group in 2021, the UK’s Confederation of British Industry (CBI) chaired the B7 – a group of business associations from G7 countries – at a three-day virtual summit, May 10-13. This year’s B7 brought together leading business organisations from across the G7 countries, with senior Government Ministers also in attendance.
The 2021 B7 is a key milestone in the build up to COP26, set to be held in Glasgow in November 2021, galvanising international business ambition and collaboration on a number of key climate objectives.
Following the B7 summit, the group published a two page communique of recommendations which will be circulated to the G7 Leaders ahead of the Leaders’ Summit, happening in June 2021.
The B7 communique, the final policy document, clearly sets out B7 recommendations for the G7, as well as business commitments, as we shape a global recovery which delivers an economy fit for the future and look to build back better.
The B7 statement explores 7 priority areas:
- A global recovery, dependent on global vaccination
- Restarting international mobility
- The road from crisis to recovery
- A competitive agenda for business to drive inclusive economic recovery
- A rebirth of the global trading system
- Tackling climate change and protecting the natural world
- Showing global digital leadership
Download the communique to read the statement and detailed recommendations in full.
The B7 in 2021 is comprised of the CBI (chair), BDI, BusinessEurope, Canadian Chamber of Commerce, Confindustria, Keidanren, MEDEF and the U.S. Chamber of Commerce.