In 2050, we expect the world population to reach 9 billion people.
If we continue on the same path as we are today, those 9 billion people will require the resources of 2.3 planets in order to survive.
While humankind has achieved many amazing technological innovations throughout time, creating two more Earths is likely out of the question.
So, 29 major corporations representing 14 industries came together through the World Business Council for Sustainable Development and asked, "How can we create a sustainable society by 2050? What will the world look like in 2050? What are the challenges we will face? What are the pathways to get us to a sustainable society in just 40 years?
And, what is business' role?"
Co-chaired by executives from Alcoa , PricewaterhouseCoopers, Storebrand and Syngenta, the Vision 2050 team - just like Techonomists - believes that the challenges our society faces today can indeed be addressed by technology, business innovation and human inventiveness.
In essence, this is exactly what the 18-month Vision 2050 project was all about: turning challenges into pathways for a sustainable world and in the process enabling huge opportunities for businesses and society. We believe there are vast new business opportunities - valued as much as US $6.2 trillion annually by 2050 - for companies that have the foresight to lead with a sustainable development agenda.