查爾斯王子在倫敦商學院英語演講稿

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　　查爾斯王子在倫敦商學院英語演講稿 1

　　Ladies and Gentlemen, I am fully aware that you have been locked in here since 9.30 or something and I suspect that you have been talked to furiously all that time. The last thing you want is another lecture when most of you are probably used to giving lectures rather than having to listen to them.

　　But if I may say so, I am so delighted to see so many leading figures from the business schoolcommunity here today and also to hear you briefly discuss such an important topic. Needlessto say, I really am immensely grateful to all of you for taking the time to join this meeting –even if at the end of the day, it is only out of curiosity!

　　In particular, I would like to thank Sir Andrew Likierman, who was involved in my Accountingfor Sustainability Project at its inception, and of course, the London Business School for kindlyhosting us all, particularly in its anniversary year. And I also wanted to say ‘many happy returnsof the day.

　　I understand that 50 years ago, the London Business School was established based on thenotion that management needed to be professionalized in the same way as law andaccountancy, in order to improve Britains economic performance. And with over 150,000students passing through its doors since then, it is clear that the London Business School andother business schools have played an important role in shaping global economic success.

　　Anniversaries are a time not just to look back, but also, perhaps to look ahead and considerwhat the future may bring. It is therefore perhaps fitting that we are here in LBSs 50thanniversary year as we look ahead towards what the next 50 years will bring, and the kind ofknowledge, understanding and skills that leaders are likely to need in order to anticipate andrespond effectively to the challenges ahead.

　　In 50 years time, our children and grandchildren will be facing a radically different world. Thewarning signs are already here for all to see. Whilst we live in a time of great wealth andopportunity for many, it is also a time dogged by increasing turbulence and a ratherterrifying combination of risks – persistent poverty and a population of seven billion that isstill rising unsustainably fast; the depletion and over-consumption of finite natural resources;and the very real and accumulating risk of catastrophic climate change.

　　The recent 2014 report from the Intergovernmental Panel on Climate Change makes clear thatthe ‘severe – as they put it – ‘pervasive and irreversible consequences of climate change, ifleft unchecked, could be beyond our capacity to rectify. Those consequences include more ofwhat we are already seeing in the form of extreme weather events that damage ourinfrastructure and disruptive weather patterns that undermine our ability to feed a growingpopulation.

　　Now, Ladies and Gentlemen, I know only too well that there are siren voices on all sides tellingus that this is all total rubbish, dreamt up by half-baked environmentalists bent on destroyingcapitalism as we know it, but it must surely be the case that, in the future, successfulorganizations will actually be those which, according to best risk-management practice, haveredefined their business models to try and adapt to this very different world. It seems clear tome that those who find ways to use natural resources in a sustainable, and “circular” way, withnothing going to waste, will find themselves uncovering new sources of innovation, reducingtheir risks and increasing their competitive advantage. Even more, success will be defined bythose who have shown real leadership in helping us to change trajectory and avoid the worstoutcomes that, at present, seem so likely.

　　And funnily enough, thinking about the circular economy, I was looking at just one or twoexamples from companies that have started to move in this direction. One of which is RoyalDutch State Mines, and I met the CEO a few of years ago called Feike Sijbesma, a remarkableman, that I think Polly introduced me to. And it is an intriguing example that he wascourageous and robust enough to move his company out of a profitable fossil fuel basedpetrochemical business into biotechnology and life science and animal nutrition products.

　　But to do all this, the company had to escape from the conventional straitjacket of short-termism and close the door on those investors who refused at the time, to take the long termview. And now, at the end of the day, Royal DSM is delivering some of the highest yields thecompany has ever seen to those investors prepared to look towards the long term.

　　And one other brief example is Phillips, for instance, it is very interesting what they are doingnow with their lighting systems, you know probably better than I.

　　Phillips says they can reach more customers if they retain ownership of the lightingequipment as customers dont have to pay high upfront costs and Phillips ensures the soundenvironmental management of end-of-life lighting equipment. So basically, it is a new way forcustomers to achieve their sustainability goals: high lighting performance, high energyefficiency, and a low materials footprint.

　　Over the three years leading up to 2012, Phillips growth in products with a strong sustainabilityfocus was 8.7 times faster than the average growth of the company. Just two examples, alwaysa good thing to give examples, I think.

　　But Ladies and Gentlemen, after the financial crash in 2008 there were many to be heardsaying it was increasingly clear that business as usual was simply not an option. However, oldhabits tend to die very hard and now we need to innovate like never before, and to acceleratethe pace of learning and change if we are to have a chance of a future we might want. Buttodays financial system does not actively reward long-term thinking, as we have been hearing,nor does it recognize the dependency of our economic success on the health and stability ofour communities and of the natural environment, all too often regarded as an irrelevantdistraction.

　　Now, I suspect it is only too obvious that I am not any sort of financial or business expert, butit occurred to me some 15 years ago that many of the traditional tools and techniques forfinance and accounting – particularly for sustainability – that word which is much used – wereno longer fit for purpose. And this leads to sub-optimal decision-making by companies,governments and investors. That is why, after an initial conversation with the thenComptroller and Auditor-General of the National Audit Office, I set up my Accounting forSustainability Project over ten years ago, with its CFO and Accounting Bodies LeadershipNetworks, and why, Ladies and Gentlemen, through the Cambridge Institute for SustainabilityLeadership, I launched ClimateWise for the insurance sector, the Banking EnvironmentInitiative and the Investment Leaders Group – all designed to work with the research, financeand accounting community to support a fundamental shift towards business models thatdrive a sustainable economy.

　　I know that for many finance professionals, “sustainability” is a term that immediately suggeststhe kinds of measures that frustrate robust decision-making and the maximization of profits.Far too often, sustainability is seen as a “nice-to-have”, with no requirement for a seat at theboardroom table. This really is I would have thought, a very short-sighted and outdated view!More and more leading businesses are recognizing that addressing environmental and socialissues systematically is not only necessary, but delivers improved commercial returns. Thebottom line is that sustainable business equals good business. Many of the companies that myinitiatives work with – for instance, organizations such as Unilever, Adidas, Royal DSM and theCrown Estate – are proving this everyday with projects that deliver strong commercial andsustainability returns, and with innovative tools and techniques used for decision-making,from capital expenditure appraisals to managing risk. And investors who are integratingenvironmental, social and governance issues into their decision-making are starting to seesimilar results. Indeed, a literature review commissioned by Cambridges Investment LeadersGroup found a number of studies that deliver robust, causal evidence in favour of the case forresponsible investment. It found that environmental and social factors appear to add value notjust through lower firm-level risk, but also through lower cost of capital.

　　For what it is worth, I have long been convinced that business schools have a fundamentallyimportant role to play in all of this, both through their research and their teaching, which is whyI am so glad you are all here today. You, Ladies and Gentlemen, are ideally placed to challengeestablished precepts and provide new thinking that will help organizations to improve theirmanagement of, and accounting for, social and environmental issues. But, above all, no one isbetter placed to translate that thinking into the education you offer to the next generation ofbusiness leaders, equipping them with the understanding and skills they need for thisuncertain future.

　　This is why, back in 2002, we arranged a gathering for Deans from leading business schools,together with some of the leading companies of the day, to explore just how much help thecompanies felt they were getting, and how well MBA programmes were addressing some ofthese complex sustainability issues. Well, Im afraid we didnt get very far, as Polly Courticewill confirm! Frankly, it was all a bit embarrassing. The business schools said they were doing anexcellent job, all things considered, but the companies disagreed. So we reached something of astalemate at the end of the day! Fortunately, even then, there were some notable exceptionsto the rule in the business school community, and my own Business & SustainabilityProgramme, which I established at Cambridge 21 years ago, has been on hand to give nearly4,000 business leaders an intensive guide on how to find a convergence between profitabilityand sustainability.

　　But Ladies and Gentlemen, it is your bad luck that Jessica Fries and Polly have encouraged meto try again! So I was relieved to hear from you this afternoon that there has been at leastsome progress since then, often in the face of some quite formidable challenges! It is clearthat new and important research is emerging from many quarters, including that relatingdirectly to finance and accounting. And it is good to hear that the MBA programme hasdeveloped considerably to meet the widening demands and requirements of future businessleaders. A growing number of business schools are offering specialist modules on sustainabilityissues, although I gather these are more often than not offered as optional electives or areincluded as part of ethics teaching. Elsewhere there has been progress too. The work that A4Shas conducted with the professional accounting bodies to integrate sustainability into theaccounting syllabus, and the work that the CFA Institute has started to do in relation tofinancial analysis, shows that real progress is possible.

　　But, Ladies and Gentlemen, is all this enough? And why on earth is it taking so long to get themessage through? As business schools, are you truly tapping into the brilliant intellects at yourdisposal, and developing the innovation, creativity and breadth of understanding that yourMBA students will need in order to be to be effective leaders in an already dangerous anduncertain world? Is the notion of environmental limits and the enhancement of communitycapital a recurring theme in your finance and accounting, marketing, corporate strategy andmanufacturing modules? How often, for instance, do key words such as population, poverty,climate change, ecosystems and biodiversity, human rights, Africa, mega-cities, and theempowerment of women appear in your lectures or academic publications? Are your young,untenured academics promoted and rewarded for doing work that relates to sustainability,ethics or society? In short, are your business schools really in touch with the issues that willincreasingly have an impact on the future viability of businesses, or should wise and forward-thinking companies be looking elsewhere to develop their executives for the future?

　　Ladies and Gentlemen, your business schools are rooted in both academia and industry and Ibelieve you have a very special role to play. Society needs to be able to look to you withconfidence for some of the best thinking and the most enlightened education, to secure thefuture for our children and our childrens children.

　　So, if I may just add this in at the end, my challenge to all of you is to build on what you aredoing already and find ever better ways to integrate sustainability into every aspect of yourresearch and teaching. Of course, I understand the attraction of tried and tested methods, butimproving on ‘business as usual with conventional case studies and metrics is absolutely notgoing to be sufficient! So I hope, hope you will have the courage to step out of the comfortzone of the current paradigm and ask the really difficult questions about what it will take tosucceed in business in the next 50 years.

　　Why not think about how you might lead the way? Could you for instance, move ahead of thepack with courage and vision, radically transforming your curriculum and conducting new andinteresting research in this field, despite all the countervailing pressures that reinforcebusiness as usual? Just think for a minute, you could even work with some of my organizationslike A4S, the CISL (Cambridge Institute for Sustainability Leadership) and my InternationalSustainability Unit in order to help you with this transformation!

　　We do it already with lots of businesses anyway, and the capital markets, to try and addressthe points you were making if I may say so.

　　And finally, Ladies and Gentlemen, to all current business school students – and to those whoare deciding where to study – ask yourself, is your chosen business school really at the end ofthe day, going to equip you to be the kind of leader that I suggest is so badly needed for thenext 50 years? Because nothing less will do.

　　查爾斯王子在倫敦商學院英語演講稿 2

　　i couldnt be more pleased to be back at this greatinstitution and to be with you on such a special dayin all your careers. i now realize i have beenpresident of the college for the last thirty years,which makes me feel somewhat ancient, but it alsomeans that i have seen some remarkable changes,including the introduction of a much wider range ofland management courses, achievement of fulluniversity status, and the development of thesplendid rural innovation centre – which i visited two years ago.

　　but some things dont change. the careers that you are embarking on are as important now asthey were for your predecessors when this institution was established in 1845, with my greatgreat great grandfather, prince albert, as the first patron. then, as now, there was a pressingneed to provide the best possible education for the people who were going to look after theland. and whichever aspect of farming or land management you have chosen to specialize in,that is, as the principal was saying, a huge responsibility.

　　it is absolutely clear, i think, that the most fundamental challenges the world faces over thecoming years will need to be solved by those working in agriculture. feeding an unsustainablygrowing global population of some nine billion people with limited natural resources, whilecoping with the inevitable impacts of climate change and, at the same time, sustainingnatures capacity to sustain us, will be no mean feat. we are now pushing natures life-support systems so far that they are struggling to cope with what we ask of them. soils arebeing depleted, demand for water is growing ever more voracious and the entire system is atthe mercy of an increasingly fluctuating price of oil.

　　when we talk about agriculture and food production, we are talking about a complex andinterrelated system and it is simply not possible to single out just one objective, such asmaximizing production, without also ensuring that the system which delivers those increasedyields meets societys other needs. these must surely include the maintenance of publichealth, the safeguarding of rural employment and small holder farming, the protection of theenvironment and vital natural ecosystems.

　　dealing with such daunting challenges will require a different approach – an approach thatputs the protection of natural ecosystems back at the heart of the whole process, so as to seea dramatic improvement in soil health and organic matter and to ensure genuine foodsecurity, not to mention long-term human health. it will also require the very best of humaningenuity, dedication and resourcefulness. and that, to me, is why farming and landmanagement can never be ‘just another industry.

　　you, ladies and gentlemen, will very soon be acting as custodians, or stewards, of a preciousnatural asset on which all of humanity depends and taking decisions in your daily lives that willhave long-term consequences. now i know only too well that you will be faced by endlessfinancial and economic pressures pulling you in the opposite direction, but if i could just ask onething of you, it would be that amidst all the excitement of starting your new jobs you maketime to look around you and try to understand the bigger picture. what has happened in thepast to shape the land the way it is? are you looking at a healthy, diverse and resilientecosystem? and is the balance right between short-term production and long-term health andsustainability? i know those may not be the most obvious things to ask as you start to findyour way around, but they might well be among the most important, at the end of the day.

　　in managing rural assets you will also, of course, be playing important roles in ruralcommunities. and i do hope you will also think hard about this human dimension, because thehealth of the agricultural sector and the health of what is left of the rural community aredirectly connected in so many fundamental ways. and i expect this is something you allunderstand very well, but the wider population certainly doesnt.

　　for what its worth, that is why i set up my countryside fund five years ago, to raise money tohelp provide a somewhat more secure future for the most vulnerable people who look afterthe countryside, as well as to begin to tell a story about where our food actually comes from andwho is responsible for producing it. i know that your students union has helped raise money forthe fund and i couldnt be more grateful. it really is an important cause when every part ofthe agricultural sector is confronted by volatility, uncertainty and un-economic returns, so iam delighted to say that the grants we have given out over the last 5 years have just exceeded6 million, all helping towards the process of maintaining living, productive, workinglandscapes that are better able to support resilient local businesses and strong ruralcommunities.

　　ladies and gentlemen, you have my warmest congratulations on being awarded your degreestoday. farming sustains life and is the foundation of any healthy civilization, so you have greatresponsibilities ahead of you, as well as exciting opportunities – as long as you remember to putnature back at the center of all your thinking and professional activities. only that way intodays world can we hope to create a genuinely sustainable and durable future on this, wehave to remember, our only, miraculous planet. i can only wish you all every possible successin the future.

　　查爾斯王子在倫敦商學院英語演講稿 3

　　It is mindful of the legacy of service and devotion to this country set by My beloved Mother, The late Queen, that I deliver this, the first Kings Speech in over 70 years.

　　The impact of Covid and the war in Ukraine have created significant long-term challenges for the United Kingdom. That is why my Governments priority is to make the difficult but necessary long-term decisions to change this country for the better.

　　My Ministers focus is on increasing economic growth and safeguarding the health and security of the British people for generations to come.

　　My Government will continue to take action to bring down inflation, to ease the cost of living for families and help businesses fund new jobs and investment.

　　My Ministers will support the Bank of England to return inflation to target by taking responsible decisions on spending and borrowing. These decisions will help household finances, reduce public sector debt, and safeguard the financial security of the country.

　　Legislation will be introduced to strengthen the United Kingdoms energy security and reduce reliance on volatile international energy markets and hostile foreign regimes. This Bill will support the future licensing of new oil and gas fields, helping the country to transition to net zero by 2050 without adding undue burdens on households.

　　Alongside this, my Ministers will seek to attract record levels of investment in renewable energy sources and reform grid connections, building on the United Kingdoms track-record of decarbonising faster than other G7 economies.

　　My Government will invest in Network North to deliver faster and more reliable journeys between, and within, the cities and towns of the North and Midlands, prioritising improving the journeys that people make most often.

　　My Ministers will strengthen education for the long term. Steps will be taken to ensure young people have the knowledge and skills to succeed, through the introduction of the Advanced British Standard that will bring technical and academic routes into a single qualification. Proposals will be implemented to reduce the number of young people studying poor-quality university degrees and increase the number undertaking high quality apprenticeships.

　　My Ministers will take steps to make the economy more competitive, taking advantage of freedoms afforded by the United Kingdoms departure from the European Union. A bill will be brought forward to promote trade and investment with economies in the fastest-growing region in the world. My Ministers will continue to negotiate trade agreements with dynamic economies, delivering jobs and growth in the United Kingdom.

　　My Ministers will introduce new legal frameworks to support the safe commercial development of emerging industries, such as self-driving vehicles, introduce new competition rules for digital markets, and encourage innovation in technologies such as machine learning. Legislation will be brought forward to support the creative industries and protect public interest journalism. Proposals will be published to reform welfare and support more people into work.

　　My Government will promote the integrity of the Union and strengthen the social fabric of the United Kingdom.

　　Working with NHS England, my Government will deliver its plans to cut waiting lists and transform the long-term workforce of the National Health Service. This will include delivering on the NHS workforce plan, the first long-term plan to train the doctors and nurses the country needs, and minimum service levels to prevent strikes from undermining patient safety. Record levels of investment are expanding and transforming mental health services to ensure more people can access the support they need. My Government will introduce legislation to create a smokefree generation by restricting the sale of tobacco so that children currently aged fourteen or younger can never be sold cigarettes, and restricting the sale and marketing of ecigarettes to children.

　　My Ministers will bring forward a bill to reform the housing market by making it cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of homeowners through punitive service charges. Renters will benefit from stronger security of tenure and better value, while landlords will benefit from reforms to provide certainty that they can regain their properties when needed.

　　My Government will deliver a long-term plan to regenerate towns and put local people in control of their future. Legislation will be brought forward to safeguard the future of football clubs for the benefit of communities and fans. A bill will be introduced to deal with the scourge of unlicensed pedicabs in London.

　　My Government is committed to tackling antisemitism and ensuring that the Holocaust is never forgotten. A bill will progress the construction of a national Holocaust Memorial and Learning Centre in Victoria Tower Gardens.

　　My Government will act to keep communities safe from crime, anti-social behaviour, terrorism and illegal migration.

　　A bill will be brought forward to ensure tougher sentences for the most serious offenders and increase the confidence of victims. My Ministers will introduce legislation to empower police forces and the criminal justice system to prevent new or complex crimes, such as digital-enabled crime and child sexual abuse, including grooming.

　　At a time when threats to national security are changing rapidly due to new technology, my Ministers will give the security and intelligence services the powers they need and will strengthen independent judicial oversight. Legislation will be introduced to protect public premises from terrorism in light of the Manchester Arena attack.

　　My Government will deliver on the Illegal Migration Act passed earlier this year and on international agreements, to stop dangerous and illegal Channel crossings and ensure it is the government, not criminal gangs, who decides who comes to this country.

　　My Government will continue to champion security around the world, to invest in our gallant Armed Forces and to support veterans to whom so much is owed. My Ministers will work closely with international partners to support Ukraine, strengthen NATO and address the most pressing security challenges. This includes the consequences of the barbaric acts of terrorism against the people of Israel, facilitating humanitarian support into Gaza and supporting the cause of peace and stability in the Middle East.

　　My Government will continue to lead action on tackling climate change and biodiversity loss, support developing countries with their energy transition, and hold other countries to their environmental commitments.

　　The United Kingdom will continue to lead international discussions to ensure that Artificial Intelligence is developed safely.

　　My Government will host the Global Investment Summit, the European Political Community, and the Energy Conference, leading global conversations on the United Kingdoms most pressing challenges.

　　I look forward to welcoming His Excellency the President of the Republic of Korea and Mrs. Kim Keon Hee for a State Visit later this month.

　　My Government will, in all respects, seek to make long-term decisions in the interests of future generations. My Ministers will address inflation and the drivers of low growth over demands for greater spending or borrowing. My Ministers will put the security of communities and the nation ahead of the rights of those who endanger it. By taking these long-term decisions, my Government will change this country and build a better future.

　　Members of the House of Commons:

　　Estimates for the public services will be laid before you.

　　My Lords and Members of the House of Commons:

　　Other measures will be laid before you.

　　I pray that the blessing of Almighty God may rest upon your counsels.

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