Search Captions & Ask AI

Knowledge@Wharton Interview with Lord Barker

June 08, 2020 / 29:12

This episode features Lord Greg Barker discussing leadership, climate change, and the importance of building back better post-pandemic. Key topics include the role of the House of Lords, the UK Climate Change Act, and strategies for sustainable recovery.

Lord Barker, a member of the House of Lords and executive chair of the N Plus Group, shares insights on how he became involved in climate advocacy. He emphasizes the need for a pro-business approach to climate solutions and reflects on the challenges he faced in promoting climate action within the Conservative Party.

He discusses the significance of the 2008 Climate Change Act, which aimed to reduce carbon emissions significantly. Barker highlights the progress made in the UK, including the transition to renewable energy and the economic growth achieved alongside emission reductions.

During the conversation, Barker argues that the current pandemic presents a unique opportunity to invest in sustainable practices and technologies. He stresses the importance of transparency in corporate sustainability efforts and the need for strong leadership to address economic inequalities exacerbated by the crisis.

The episode concludes with Barker's thoughts on the future of leadership and the necessity of clear, actionable plans for recovery that prioritize sustainability and equity.

TL;DR

Lord Greg Barker discusses climate change, leadership, and the need for sustainable recovery in the post-pandemic world.

Episode

29:12
00:00:07
welcome to our listeners and viewers and
00:00:11
the United States and around the world
00:00:12
welcome to our knowledge at Wharton and
00:00:15
Wharton Leadership Conference events as
00:00:18
you know by signing up to this that we
00:00:20
have a series of presentations from
00:00:23
leaders from around the world and around
00:00:25
various parts of society and business
00:00:28
talking about issues associated with
00:00:30
leadership and today it's great pleasure
00:00:32
to have with us the right honorable Lord
00:00:34
Baker of Barker battle I Greg bunker
00:00:39
it's pleasure to have him with us he was
00:00:42
elected a member of parliament in 2001
00:00:44
after that during the Cameron government
00:00:47
was minister of state or energy and
00:00:49
climate change and is currently
00:00:52
executive chair of the N Plus groups and
00:00:54
energy company based in Russia and
00:00:57
around the world's great pleasure to
00:00:59
have you with us Greg welcome thank you
00:01:01
Peter I'm really flattered and honored
00:01:03
to be here maybe the first thing to do
00:01:07
we want to get into the climate change
00:01:09
topic in just a minute though is you
00:01:12
will be I'm pretty sure the only Lord on
00:01:15
our seminar program could you just tell
00:01:18
listeners who are not familiar with this
00:01:21
UK institution a little bit about how
00:01:24
one becomes a lord well his Larry yeah
00:01:30
well it's a it's a honorific title like
00:01:33
sir so it carries a title but his talk
00:01:37
but historically not only did carry a
00:01:40
title but it also entitle you to sit in
00:01:42
Parliament and there was a House of
00:01:43
Commons which was elected and then a
00:01:45
House of Lords where everyone who had
00:01:47
inherited a title was able to sit and
00:01:50
together they passed laws together with
00:01:53
the moment over the centuries the power
00:01:57
of the House of Lords steadily declined
00:01:59
and then in the 1960s in the 20th
00:02:03
century they introduced something called
00:02:05
the life peer which was a very British
00:02:08
way of changing a historic institution
00:02:11
to reflect the modern times while
00:02:14
keeping a semblance of history about its
00:02:17
so nowadays following a series of
00:02:20
reforms the most
00:02:21
which was under Tony Blair the majority
00:02:24
of of Lords in the House of Lords and I
00:02:27
use that phrase and to mean both women
00:02:30
and men and the majority are actually
00:02:33
appointed by the gut by the government
00:02:35
of the day so there are about seven
00:02:38
hundred members of the House of Lords
00:02:39
and about six hundred of those have been
00:02:43
appointed over the years because the
00:02:46
appointment is for life so you enjoy the
00:02:47
dignity and style of a lord in the
00:02:51
historic sense but you don't pass it on
00:02:53
to your your eldest son or your heir as
00:02:56
he would have done historically there
00:02:58
are still about a hundred hereditary
00:03:01
peers in the in the House of Lords so
00:03:04
the Duke of Wellington for example still
00:03:06
sits in the House of Lords and a number
00:03:09
of other people with famous historic
00:03:11
titles that you would recognize but
00:03:13
there isn't the role of the Lords is a
00:03:15
revising chamber the power clearly rests
00:03:18
with the House of Commons and the it is
00:03:22
supposed to and I think largely does
00:03:24
reflect a very broad degree of people
00:03:29
from different walks of life different
00:03:31
experience different experts although
00:03:33
there are a lot of former professional
00:03:36
politicians like myself who have gone on
00:03:38
to do other things but this is still a
00:03:40
way that they can contribute yeah well
00:03:43
one of the ways you've been contributing
00:03:44
in a very important topic is the topic
00:03:47
of climate change in your roles and
00:03:49
before that but afterwards as well and
00:03:52
recent op-ed piece a week or so ago I
00:03:55
think in the Financial Times and making
00:03:58
the case that we should take climate
00:04:00
change more seriously and address it I
00:04:02
wonder if you say a word just about your
00:04:05
experience in pushing those arguments
00:04:08
forward which started a while ago maybe
00:04:11
just a little bit about why that was
00:04:13
important to you and and what were the
00:04:16
difficulties in trying to advocate for
00:04:18
climate change
00:04:21
well I went into politics in 2001 and
00:04:25
had a background in business when I went
00:04:27
in and was given a piece of advice on
00:04:31
entering politics and not really knowing
00:04:33
many of the people in the in the
00:04:35
Westminster corridors to find a subject
00:04:38
do SWAT up on it and to make yourself
00:04:42
useful particularly given that I was
00:04:44
elected in 2001 as a Conservative member
00:04:46
of parliament at a time when we were in
00:04:49
deep opposition and Tony Blair looked
00:04:51
like he was set to rule for the rest of
00:04:53
the century so there was no no hurry to
00:04:57
get ready for government though I took
00:05:01
that opportunity to join the
00:05:03
parliamentary environmental Audit
00:05:05
Committee just at the time that climate
00:05:09
change was coming up the political
00:05:10
agenda globally it was the time that Al
00:05:13
Gore for example was writing an
00:05:15
inconvenient and published and
00:05:17
Inconvenient Truth and I remember that
00:05:19
having a real impact on me and it
00:05:22
prompted us as a committee to launch our
00:05:25
own investigations into the issue of
00:05:28
climate change and to me it became a
00:05:31
really fascinating all-consuming subject
00:05:34
because it included the economy it
00:05:37
included the way we live it includes
00:05:40
softer things like education and it is
00:05:43
an international issue it's not
00:05:45
something that is just affecting
00:05:47
domestic politics but also it was an
00:05:51
issue which demanded innovation it
00:05:53
demanded a full response across a suite
00:05:56
of policy measures and that not everyone
00:05:59
was taking it seriously though I the
00:06:03
more I read the more convinced I became
00:06:06
that this represented probably the
00:06:08
greatest long-term threat not just our
00:06:10
country but the planet faced so it it
00:06:14
became inescapable that I would want to
00:06:15
be involved in that as I understand it
00:06:20
your efforts to push this to the front
00:06:23
of the agenda we're not always the
00:06:26
easiest things to do can you tell us a
00:06:28
little bit about what was difficult
00:06:30
about trying to in continues to be
00:06:32
difficult about trying to get attention
00:06:35
for this topic and and how do you make
00:06:37
progress on there sure and well when I
00:06:41
first started talking about this in the
00:06:43
early 2000s a lot of people in the
00:06:46
British Conservative Party thought I was
00:06:48
a complete crank mildly eccentric or
00:06:52
even that I was some sort of socialist
00:06:56
in green clothing and that really
00:06:59
prompted me not just to explain the
00:07:03
problem of climate change but also to
00:07:05
make an authentic conservative
00:07:08
pro-business case for why we should be
00:07:10
taking action not only just to appease
00:07:13
my conservative colleagues because I
00:07:15
genuine believed that we needed to
00:07:16
marshal the dynamism of the free market
00:07:19
economy and send it in a direction that
00:07:22
would that would find climate solutions
00:07:25
and that I've always been fundamentally
00:07:27
optimistic that solutions could be found
00:07:29
I've never been one of these hairshirt
00:07:31
doom and gloom climate mongers but
00:07:35
certainly it was a battle early on
00:07:38
people wouldn't just debate whether or
00:07:41
not we had the right solutions but would
00:07:43
debate the actual science in half my
00:07:47
career was spent arguing with very
00:07:50
respectable climate deniers and that was
00:07:54
a real challenge thankfully that has now
00:07:57
passed I think 2015 was a real seminal
00:08:00
moment I think that was a laugh time
00:08:02
when I was on the BBC effectively
00:08:05
debating with somebody who really didn't
00:08:07
think this was an issue that should be
00:08:08
taken seriously now the whole world
00:08:11
seems to have moved on and the question
00:08:14
is not if climate change is happening
00:08:16
not if mankind is responsible but what
00:08:20
should be the nature scale and pace of
00:08:22
response and that's a much better place
00:08:24
to be in and also we've had a huge
00:08:27
degree of success which often goes
00:08:29
uncelebrated and one of the biggest
00:08:32
achievements of my political career I
00:08:35
mean wasn't all down to me I played a
00:08:37
small part but something that I was very
00:08:38
proud proud to be involved in was the
00:08:41
passing of the cross-party Climate
00:08:44
Change Act in the UK in 2008 the first
00:08:47
climate
00:08:48
change act anywhere in the world and it
00:08:50
unilaterally committed the United
00:08:52
Kingdom to reducing carbon emissions by
00:08:56
then by 80% by 2050 from 1990 levels and
00:09:02
you know people said you can't do this
00:09:05
this is impossible you'll ruin the
00:09:06
economy and what's happened at has over
00:09:09
successive years we were able to grow
00:09:11
the economy in the UK quite impressively
00:09:13
in the early part of this decade and at
00:09:16
the same time reduce emissions in fact
00:09:18
the UK has now ready to missions by 86
00:09:23
percent emissions are now haven't were
00:09:26
last time that low in the late 19th
00:09:28
century there were over halfway of
00:09:30
meeting that original goal of 80%
00:09:33
reduction and Theresa May Prime Minister
00:09:36
Theresa May before she left office
00:09:38
actually moved the goalposts up to a
00:09:41
hundred percent so we've still got a
00:09:45
long way to go but we have made real
00:09:48
progress in large part due to the
00:09:51
phasing out of coal and the creation of
00:09:54
an entirely new industry in the UK of
00:09:57
renewable energy you've argued in the
00:10:01
Financial Times last week that the
00:10:05
middle of this corona virus pandemic
00:10:07
around the world and the shutting down
00:10:10
to the economies but also the efforts to
00:10:12
pour more money in through the public
00:10:14
sector that this is an appropriate
00:10:15
moment to really take a big step forward
00:10:18
with respect to climate change tell us a
00:10:22
little why what's in what's that
00:10:23
argument like to say this is the time to
00:10:27
really make an effort well in the face
00:10:29
of this unprecedented pandemic certainly
00:10:33
unprecedented in my lifetime every
00:10:37
business leader first and foremost is
00:10:40
focused on the short term health and
00:10:41
welfare of their employees I a executive
00:10:47
chairman of the N+ group and worldwide
00:10:49
we employ over a hundred thousand people
00:10:52
not just in Russia but in Europe in
00:10:55
Africa in Central America so we have a
00:10:59
global footprint
00:11:01
and we feel a great sense of
00:11:02
responsibility to our employees and
00:11:05
we're seeing cave 19 hit at different
00:11:07
times right the way across the different
00:11:09
regions and jurisdictions that we
00:11:11
operate in though that's our number one
00:11:14
focus but if I could quote Fleetwood Mac
00:11:18
for a moment you can't stop thinking
00:11:21
about tomorrow and you know if you're a
00:11:24
business leader you've got to be capable
00:11:25
of doing more than one thing at a time
00:11:28
and so in as well as responding to the
00:11:32
immediate health and safety needs of
00:11:34
employees we've got to think about the
00:11:37
longer-term impacts and you know as
00:11:41
Winston Churchill said never let a good
00:11:44
crisis go to waste and that is really
00:11:48
now what we have to do you know there is
00:11:51
a serious opportunity with huge amounts
00:11:54
of government money being poured into
00:11:56
global economy but policymakers to
00:11:59
insist that that investment is child in
00:12:02
certain ways that we once and for all
00:12:04
kick the highly polluting
00:12:07
environmentally damaging carbon intents
00:12:09
industries and business practices of the
00:12:13
last century or more and we use this as
00:12:15
a real opportunity to have a step change
00:12:18
towards a low-carbon more sustainable
00:12:21
future and there are different ways in
00:12:23
which different industries different
00:12:25
countries can approach that but we do
00:12:27
have to see this as a once-in-a-lifetime
00:12:30
opportunity to make that change I think
00:12:36
you make a great point about the
00:12:37
importance of trying to get people to
00:12:38
think future rather than focus on just
00:12:42
the current problems how do you do that
00:12:43
when you have the arguments with other
00:12:46
businesspeople or political leaders
00:12:47
about taking climate change seriously
00:12:50
you really are trying to argue that they
00:12:52
should think longer-term
00:12:53
what do you think has been persuasive in
00:12:56
trying to get people to think longer
00:12:59
term about this and not just be so
00:13:01
focused in the world of business let's
00:13:03
say on their quarterly performance or
00:13:05
their immediate political concerns how
00:13:07
do you get them to think long term
00:13:09
well I think in order to have license to
00:13:12
talk about the future and to posit your
00:13:15
ideas for that route map to the future
00:13:17
you have to at least be competent in
00:13:19
dealing with the present though it
00:13:22
cannot be instead this is non either-or
00:13:25
agenda so you have to show that you are
00:13:27
able to deal with the very real
00:13:29
challenges in the here and now and and
00:13:32
that's never been more critical than
00:13:33
when when facing this this pandemic but
00:13:36
as I said it's it's not an either/or
00:13:38
agenda so if you can do that I think
00:13:40
that does also by you go to talk about
00:13:43
the future and if you're going to do
00:13:45
that I think you have to be very clear
00:13:48
and this goes to sort of certain
00:13:50
leadership lessons you have to be able
00:13:52
to clearly articulate and communicate
00:13:55
what it is you want to see not just
00:13:57
speak in Wooley management speak or or
00:14:01
popular you know hashtags you have to
00:14:04
have a clear idea and a route map of
00:14:06
actionable points and one of the things
00:14:10
that frustrate frustrates me and
00:14:13
increasingly in in recent times has been
00:14:16
the willingness of companies big
00:14:19
business to set long-term goals which
00:14:23
are absolutely needed and after all I
00:14:25
was involved in setting a climate change
00:14:26
act which that set targets all the way
00:14:29
up to 2050 but effectively its CEOs
00:14:33
setting setting goals for their
00:14:35
successors or their successors successor
00:14:36
to meet while actually doing very little
00:14:39
in the near-term that they are going to
00:14:42
be held personally accountable for
00:14:43
though it's really important that you
00:14:46
have a credible route map and a credible
00:14:49
plan as well as just talk about the
00:14:52
future in an abstract way before we
00:14:57
began the broadcast today we were
00:14:58
talking my colleague Mike you seen was
00:15:00
asking me a little about David Cameron
00:15:02
your colleague and leader in
00:15:06
Parliament's and his leadership style
00:15:09
could you tell us a little bit about his
00:15:11
effectiveness he seemed to be quite
00:15:13
effective in leading in this kind of
00:15:15
context a little about what you saw with
00:15:17
him
00:15:18
David had a or has a natural Authority
00:15:22
and we came into the House of Commons to
00:15:25
get together very small cohort in 2001
00:15:29
and it was immediately apparent to me
00:15:32
that he stood head and shoulders above
00:15:33
the other members of parliament and so
00:15:37
when there was an opportunity for a new
00:15:39
leader to be put in place in 2005
00:15:42
without hesitation I encouraged him
00:15:45
along with others to step up even though
00:15:48
he was relatively young and relatively
00:15:50
new on the scene it was very clear that
00:15:53
he had the x-factor for leadership again
00:15:57
who was he's you know incredibly
00:15:59
articulate to see him at the
00:16:02
despatch-box he was able to put into
00:16:04
words and craft the sentences under
00:16:07
pressure
00:16:09
infernal in a way that very few people
00:16:13
are able to do but he was also a very
00:16:16
serious administrator I mean I had a you
00:16:18
know a first-class degree from Oxford
00:16:21
and had a fine brain but I've
00:16:24
seen plenty of more intelligent people
00:16:26
or more academically qualified people
00:16:28
not be able to convert that intelligence
00:16:31
into in a political effectiveness and
00:16:35
David was able to marry the both I
00:16:37
remember seeing him in Cobra Cobra Azhar
00:16:41
the UK version of The Situation Room
00:16:43
and I was on a hostage international
00:16:46
hostage crisis and in the room it's not
00:16:49
it's not the same as the cabinet within
00:16:51
this Situation Room you would have the
00:16:54
heads of the Army Navy the special
00:16:56
services top diplomats intelligence
00:16:59
services and key ministers from a
00:17:01
relevant departments depending on what
00:17:03
the nature of the crisis was and David
00:17:06
would enter exactly on time 11 o'clock
00:17:08
tip down and immediately called the
00:17:11
meeting to order and crisply worked
00:17:14
through the agenda a lot of politicians
00:17:17
I've come across cross always have to
00:17:20
try and prove that they're the most
00:17:21
intelligent or important person in the
00:17:23
room despite the fact that they hold the
00:17:25
highest office David had an you know
00:17:28
were always very thoughtful and listened
00:17:30
to the lead
00:17:31
I see you had absolutely no doubt as to
00:17:36
who was in charge and a clear direction
00:17:40
and a clear course that he was setting
00:17:43
so and he was a very agreeable person to
00:17:45
work with that David Cameron uses or in
00:17:49
public was very very similar to the
00:17:50
David Cameron in private and which you
00:17:54
know a lot of politicians are not like
00:17:55
that there are lot of politicians that
00:17:56
have a terrible public image and in
00:17:58
private their delightful conversely
00:18:02
there are some very popular politicians
00:18:03
who are in nightmare in private but
00:18:05
David was very consistent and I will
00:18:08
remain a huge admirer of his I'd like to
00:18:15
share the podium here with my colleague
00:18:17
Mike Hughes theme who is director of our
00:18:19
Center for Leadership and co-host of the
00:18:21
series and our Leadership Conference
00:18:22
Mike has been looking at questions from
00:18:25
the audience but also I think has his
00:18:26
own questions too so Mike can we go over
00:18:28
you from it thank you Peter and thank
00:18:31
you learned Barker for being on our
00:18:32
program very interesting discussion
00:18:34
we're getting a good number of questions
00:18:36
in I'm going to begin with one of my own
00:18:38
but then bring in some of the questions
00:18:40
that our listeners are indeed forwarding
00:18:42
in the FT op-ed piece that you wrote you
00:18:46
use a phrase build back better build
00:18:49
back better I find the phrase really
00:18:53
appealing and then thinking about its
00:18:56
application now in the coronavirus
00:18:58
moment how do you see the UK the US
00:19:01
other countries building back better and
00:19:05
who's going to drive that so there it is
00:19:08
what do you think well ultimately I
00:19:11
think we're going to build back better
00:19:13
because the people of the UK of the US
00:19:16
and around the world are going to demand
00:19:17
that we do we live in a new democratic
00:19:20
age now where everyone thanks to social
00:19:22
media has a voice and I think there is
00:19:25
an increasing clamor that we don't just
00:19:27
go back to business as normal now in my
00:19:30
own line what does build back better
00:19:31
mean I lead the world's largest producer
00:19:37
of low carbon aluminium to put that in
00:19:40
some sort of context the average Tarn of
00:19:43
aluminium can
00:19:44
make up to 16 or 18 tonnes of carbon to
00:19:47
produce because it's so energy intensive
00:19:49
but because my group uses hydropower are
00:19:52
also the world's largest private sector
00:19:54
hydropower company because we use that
00:19:58
to make aluminium instead of being 18
00:20:00
tons of carbon for a ton of aluminium it
00:20:02
just takes two point six tons so it's
00:20:06
really important when can rupture
00:20:10
project if you're using these in tax
00:20:14
dollars to invest in renewable energy in
00:20:18
electric vehicle charging points
00:20:21
electric vehicle manufacturing
00:20:25
sustainable housing that you don't just
00:20:27
use the materials like aluminium that
00:20:30
lend themselves to that application but
00:20:32
you use low-carbon aluminium that you
00:20:35
think about the consequences not just of
00:20:38
the thing you're building but the whole
00:20:40
supply chain in order to make it a more
00:20:42
circular economy and create more
00:20:45
sustainable outcomes and I think having
00:20:48
sustainability and climate action at the
00:20:51
forefront of our mind as we embark on
00:20:54
these bill bringing back the economy is
00:20:57
a once-in-a-generation chance we knew no
00:21:00
one would have wished for this pandemic
00:21:02
but it's a fact now we have to rebuild
00:21:06
the economy so let's not waste this
00:21:07
opportunity to build back better I
00:21:10
didn't invent that phrase it was
00:21:13
originally conceived to talk about
00:21:15
resilience when building after a natural
00:21:18
disaster but I think it lends itself to
00:21:21
I think not just a national mood but a
00:21:23
global mood post pandemic how we really
00:21:26
need to build something better and you
00:21:29
know and can assure people who've you
00:21:32
know made huge sacrifices during this
00:21:34
pandemic that it hasn't you know just
00:21:35
been for a short term an effort that
00:21:38
actually something better is going to
00:21:39
come out of this huge collective effort
00:21:42
great thank you on that I'm gonna draw
00:21:44
in a question now from one of our
00:21:46
viewers that is directly related to what
00:21:48
you described they're building back
00:21:51
better and that is how do we know when a
00:21:54
in this case by the question we have in
00:21:56
front of us
00:21:57
a particular company is doing that or
00:22:00
not what are what are one or two metrics
00:22:02
that you would look at both if if you're
00:22:05
a business executive at that company but
00:22:07
also if you're in Parliament looking at
00:22:09
that company to know if they are indeed
00:22:11
coming back sustainably or not really
00:22:15
good question and the answer is it's
00:22:17
quite hard actually because you know
00:22:20
business is not as transparent as they
00:22:23
should be in my own sector I've been
00:22:26
arguing since last year when I took up
00:22:29
this role that we should all be all the
00:22:32
major manufacturers of aluminium should
00:22:34
be declaring the carbon content of the
00:22:37
metals that they produce because there's
00:22:40
such a huge discrepancy Chinese
00:22:42
aluminium 18 tonnes of carbon our
00:22:45
aluminium made with high drone of we're
00:22:48
not the only producer but you know is
00:22:51
2.6 tonnes of carbon so huge discrepancy
00:22:53
but there's you have to really dig to
00:22:55
find that and it's the same in many
00:22:58
other industries as well that
00:23:00
information is not readily available I
00:23:03
would like to see much better green
00:23:05
labeling though it was on products on
00:23:09
consumer products and carbon
00:23:11
transparency for commodities so that
00:23:14
when vehicle manufacturers when people
00:23:19
building public buildings or a large
00:23:23
infrastructure projects that it's very
00:23:25
clear what the carbon content and also
00:23:27
the wider sustainability beaches of
00:23:30
those projects are and you know people
00:23:33
have been talking sustainability for
00:23:37
some time now I think this is the time
00:23:39
when we've got to convert that talk into
00:23:42
tangible actions and we've got to be
00:23:44
accountable for them and the only way
00:23:46
that businesses can be accountable for
00:23:48
their actions is to have greater
00:23:50
transparency and greater disclosure on
00:23:53
the sustainability and carbon content of
00:23:55
either their products that they make or
00:23:58
the services that they offer
00:23:59
I learned mark well one more question
00:24:03
from again one of our viewers here
00:24:05
directly related as well and that is
00:24:09
bringing in the topic in
00:24:11
and inequality which is worsening both
00:24:14
in the UK and the u.s. in the last
00:24:17
several years and building back better
00:24:19
what are your thoughts on how to ensure
00:24:22
that in coming back from the current
00:24:24
crisis we don't it further exacerbate
00:24:26
the inequalities which now are appearing
00:24:30
both in heightened poverty rates for
00:24:33
example but also in the politics of the
00:24:35
moment so what is your thinking I'll
00:24:37
just sum that up about building back
00:24:39
better while not worsening and hopefully
00:24:43
improving the extent to which we have
00:24:46
equity and equality in both of our
00:24:48
countries well I think this is a time
00:24:52
for strong leadership and it's time for
00:24:54
politicians to think outside the box and
00:24:57
maybe even outside strict party lines
00:24:59
and in previous pandemics in his plane
00:25:04
the survivors have actually been left
00:25:06
better off for example if you go back to
00:25:08
the Middle Ages and the Black Death
00:25:09
after that pandemic though many people
00:25:12
were killed that there was actually a
00:25:13
shortage of labor and the living
00:25:15
standards of the peasants of the of the
00:25:19
of the of the labouring classes actually
00:25:21
rose in there in the couple of centuries
00:25:24
afterwards as a result of the need to
00:25:27
compete for labor but now what we're
00:25:29
seeing is that an actual fact far more
00:25:32
jobs have been destroyed in our economy
00:25:35
than and thankfully them people have
00:25:39
been and that there are going to be huge
00:25:40
numbers of people around the world who
00:25:43
will have their livelihoods threatened
00:25:46
or their jobs taken away and that does
00:25:48
require new thinking and recognizing
00:25:50
that this is an entirely new set of
00:25:52
circumstances and it requires a really
00:25:55
strong policy lead from politicians it
00:25:57
requires collaboration and partnership
00:26:00
and collaboration and partnership with
00:26:03
business as well and clear sets of goals
00:26:05
I think politicians have to be very
00:26:09
clear to the public what it is that they
00:26:12
are trying to pinch marks of success and
00:26:15
also be honest about what can't be
00:26:19
achieved because you know we're not
00:26:21
going to be able to just bounce back
00:26:22
better
00:26:24
immediately and there will be casualties
00:26:27
of this terrible pandemic economic
00:26:29
casualties and we have to make sure that
00:26:31
we dupe them up as well as well as you
00:26:34
know identify the Sun rise industries
00:26:36
and the areas that will benefit from you
00:26:39
know an agreement recovery Lord Barker
00:26:43
thank you on that we were about two
00:26:45
minutes away from a station break so to
00:26:47
speak so I'm going to very briefly thumb
00:26:50
up a couple of points I've been taking
00:26:51
notes and then mention our next
00:26:54
president presenter on this particular
00:26:56
series though from Lord Barker who's
00:26:59
long been active in business and
00:27:01
politics my point number one is don't
00:27:05
let the fact that you're in business
00:27:06
prevent you from getting into politics
00:27:08
or the other way around if you have an
00:27:11
opportunity to lead don't be shy about
00:27:13
taking that leadership to another
00:27:15
institution whether business to politics
00:27:17
or from a community group to another
00:27:20
kind of institution number two build
00:27:23
back better and this goes back to the
00:27:25
reference to the the famous quote from
00:27:28
Winston Churchill don't let a crisis go
00:27:30
to waste and holding back better it is a
00:27:33
moment to take the crisis we're all
00:27:35
ready for change and indeed let's bring
00:27:38
everything back better than it was
00:27:40
before and then number four if we're
00:27:45
going to build back better under the
00:27:47
circumstance we do have to have a plan a
00:27:50
strategy the Devils in the detail and so
00:27:53
in general of course we want to come
00:27:56
back better but I think the leadership
00:27:58
of the future is going to entail of
00:28:01
necessity building back better in
00:28:03
specific ways whether its climate change
00:28:05
or whatever it may be
00:28:06
so Peter Capelli thank you for getting
00:28:10
this particular event underway here and
00:28:13
guiding our discussion but Lord barker
00:28:15
lured Barker thank you for being with
00:28:16
this and I just want to let everybody
00:28:19
know that is still tuned in here this is
00:28:22
a series of presentations by people who
00:28:25
had been signed up for our annual
00:28:27
Leadership Conference our next guest on
00:28:30
June 4th will be lore lorry rider Kirk
00:28:34
he was the chief executive officer of
00:28:36
selling these corporate
00:28:37
that's a fortune 500 firm it's in
00:28:40
materials and chemicals got six or seven
00:28:44
billion dollars of revenue to worry
00:28:45
about about 8,000 employees and we're
00:28:47
going to hear from her directly
00:28:49
about how she has guided her company
00:28:51
through the events of the present so
00:28:54
thank you everybody for joining the
00:28:56
program and best wishes to you be safe
00:28:58
and be healthy thank you very much
00:29:08
you

Episode Highlights

  • The Role of the House of Lords
    Greg Bunker explains the evolution of the House of Lords and its current role in UK politics.
    “The power clearly rests with the House of Commons.”
    @ 03m 18s
    June 08, 2020
  • Climate Change Advocacy
    Greg Bunker reflects on his journey advocating for climate change, noting early challenges and eventual progress.
    “I’ve always been fundamentally optimistic that solutions could be found.”
    @ 07m 27s
    June 08, 2020
  • Building Back Better
    Greg Bunker emphasizes the need for sustainable rebuilding after the pandemic, stating, "This is a once-in-a-lifetime opportunity to make that change."
    “This is a once-in-a-lifetime opportunity to make that change.”
    @ 12m 30s
    June 08, 2020
  • Transparency in Sustainability
    Greater transparency and disclosure on carbon content is essential for accountability in business.
    “The only way businesses can be accountable is to have greater transparency.”
    @ 23m 46s
    June 08, 2020
  • Building Back Better
    Strong leadership is needed to ensure we don't exacerbate inequalities while recovering from the crisis.
    “This is a time for strong leadership.”
    @ 24m 52s
    June 08, 2020

Episode Quotes

  • You can't stop thinking about tomorrow.
    Knowledge@Wharton Interview with Lord Barker
  • Never let a good crisis go to waste.
    Knowledge@Wharton Interview with Lord Barker
  • This is a once-in-a-lifetime opportunity to make that change.
    Knowledge@Wharton Interview with Lord Barker
  • It's time to convert talk into tangible actions.
    Knowledge@Wharton Interview with Lord Barker
  • Don't let a crisis go to waste.
    Knowledge@Wharton Interview with Lord Barker
  • We have to make sure that we build back better.
    Knowledge@Wharton Interview with Lord Barker

Key Moments

  • Welcome00:07
  • Climate Change Discussion01:07
  • House of Lords Explained01:21
  • Political Challenges06:30
  • Building Back Better18:49
  • Carbon Transparency23:42
  • Inequality Concerns24:11
  • Crisis Leadership24:52

Words per Minute Over Time

Vibes Breakdown

Related Episodes

Knowledge@Wharton Interview with Sherry Bahrambeygui
June 01, 2020
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
29:36
Knowledge@Wharton Interview with Sherry Bahrambeygui
Leadership Beyond the Bottom Line
December 24, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
22:55
Leadership Beyond the Bottom Line
Leadership: Finding the Next Mountain to Climb
December 21, 2016
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
22:58
Leadership: Finding the Next Mountain to Climb
Wanted: A President Who Can Lead
October 01, 2008
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
18:33
Wanted: A President Who Can Lead
Sachin Pilot: 14th Wharton India Economic Forum
April 08, 2010
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
17:08
Sachin Pilot: 14th Wharton India Economic Forum
Leadership: Arthur O. Sulzberger, Jr., Chairman, The New York Times Company
February 20, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
19:18
Leadership: Arthur O. Sulzberger, Jr., Chairman, The New York Times Company
Knowledge@Wharton Interview with Sydney Finkelstein
June 29, 2020
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
29:01
Knowledge@Wharton Interview with Sydney Finkelstein
Lady Barbara Judge: The Role of Nuclear Energy in the Middle East and Beyond
May 15, 2010
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:15
Lady Barbara Judge: The Role of Nuclear Energy in the Middle East and Beyond
Leadership: William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc.
February 27, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
22:19
Leadership: William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc.
Wharton's David Reibstein interviews William Lauder
June 12, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
25:23
Wharton's David Reibstein interviews William Lauder
What Can We Do to Narrow the Wealth Gap? | Wharton's Kenneth Shropshire — Opportunity Matters
February 20, 2024
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
25:35
What Can We Do to Narrow the Wealth Gap? | Wharton's Kenneth Shropshire — Opportunity Matters
Why Leaders Need to Continuously Update Their Leadership Toolkit
January 13, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
18:49
Why Leaders Need to Continuously Update Their Leadership Toolkit