The Sustainability Summit calls for the community’s support to define the framework for a new globe-spanning initiative aiming to drive change and foster a paradigm shift in the world of finance.

“We are looking at the next most significant and necessary technology-driven revolution.” says Sophie B. de la Giroday, Publisher of Sustainable Development. “Today’s largest and most powerful techno-social system, the global financial market, sees a number of paradoxes unaddressed. These are becoming an emergency in light of the ongoing computerization trend and call for a scientific approach, as well as for new tools to be developed and adopted to protect the broader ecosystem of stakeholders impacted by the performance of the financial industry.

“Having focused over the years on global issues such as the digital divide and the identity divide that still see large segments of the world’s population disconnected or excluded altogether from the digital society, the time has come to understand the implications of today’s analytical divide, added Sophie B. de la Giroday. “Today’s disparity in the availability of intelligence sees an imbalance between how the owners and managers of the financial estates on one hand, and the banking industry on the other, access computational power, as well as instruments for transparency, accountability and control. This leads to unequal relationships and uncontrolled exposure to risk. With the ongoing digitalization trend transitioning to a new all-machine phase, characterized by large numbers of extreme events happening in milliseconds, the scenario sees us face a new set of challenges. These request urgent attention in order to protect the individual estate owner from ongoing exposure to exploitation, conflict of interest and unethical practice, as well as society as a whole from the threat of an unprecedented system-wide financial collapse.”
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