About the B20
The Business 20 (B20) is a forum through which the private sector produces policy recommendations for the annual meeting of the Group of 20 (G20) leaders. The B20 brings together business leaders from across G20 member countries to reflect the key role of the private sector as the main driver of strong, sustainable and balanced growth.
The B20, like the G20, has no permanent secretariat and exists from year to year at the invitation of the G20 Presidency.
The B20 was first convened as a business summit during the Canadian G20 Presidency in June 2010 and continued to play an important role during the succeeding Korean, French, Mexican and Russian host years.
As President of the G20 in 2014, Australia established a B20. The B20 Australia Leadership Group includes 32 Australian business leaders representing a range of industries. It is chaired by Richard Goyder AO, Managing Director and CEO of Wesfarmers.
The B20, in providing a channel for business to support the G20 agenda, also has a very important role to play in helping the G20 deliver meaningful outcomes.
The approach to organising B20 activities has varied between different host years and continues to evolve. In each case however, B20 activities have culminated in a major event involving a significant number of business leaders from around the world.
Since 2010, the B20 has formed a number of working subgroups or taskforces, chaired by prominent business leaders, which examine particular topics.
B20 Summits typically involve delegates from across G20 member countries. Smaller groups take part in the development of recommendations to G20 leaders through discrete subject-focussed taskforces.
This year, the final B20 recommendations will be presented to G20 Leaders at their meeting in Brisbane in November.
The B20 engages with other G20 forums and processes throughout the year, including Labour 20 (L20), Think 20 (T20), Youth 20 (Y20) and Civil Society 20 (C20).
B20 leaders meet in St. Petersburg in 2013
In 2014, the B20 has focused on developing practical solutions to help accelerate global economic growth and create more jobs.
B20 input into the G20 agenda focuses on four central issues:
- the effective operation of financial markets
- the development of global human capital
- the investment environment (particularly the development of economic infrastructure)
- and greater opportunities for trade in goods and services
Taskforces established around these areas have developed a set of clear, actionable policy solutions to promote global growth and job creation. Additionally, the B20 established an anti-corruption working group which informed the work of the four taskforces.
An Australian Coordinating Chair from the B20 Australia Leadership Group leads each taskforce with support from chairs and participants from previous years. This year, the B20 also created a CEO Forum which includes more than 120 global CEOs, who together with the B20 Australia Leadership Group, inform and guide the B20's work.
More than 300 senior business leaders from over 30 countries developed a set of draft policy responses to these global challenges. These were finalised and prioritised at the July B20 Australia Summit in Sydney.
The result is a set of 20 mutually reinforcing recommendations for G20 leaders which if implemented, would enable the G20 to not only meet, but exceed the additional two per cent growth target. For more information, visit the B20 priorities page.More information, including details about how to get involved with B20 Australia can be found in