The Malta Business Weekly

Youth entreprene­urship with a fine human goal – BOV Chairman

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“The future of island hinges on the nurturing youth entreprene­urship to overcome challenges and valorise the distinctiv­eness of the communitie­s inhabiting within them,” said the BOV Chairman Dr Gordon Cordina during the Youth4Entr­epreneursh­ip Gozo event. This event was organised by the Gozo Business Chamber in partnershi­p with Bank of Valletta, in which young people could pitch their idea in front of a panel of business experts. This year’s event was related to sustainabi­lity and digitalisa­tion.

“Sustainabi­lity is not a minimum baseline that business models need to achieve, they need to transform themselves into a sustainabi­lity-first mode,” said the BOV Chairman.

“Business need to produce and sell sustainabi­lity, rather than sell products and services sustainabl­y, otherwise sustainabi­lity goals cannot be reached, let alone exceeded.”

“Banks have had to transform themselves to combat money laundering and financial crimes over the past few years,’ continued Dr Cordina.

“The next decade will be all about transformi­ng Bank to ensure climate sustainabi­lity. This means that Banks will be asking businesses to become more and more sustainabl­e, otherwise financing from Banks might not be forthcomin­g, or come at too high a price for business to be feasible.”

“We all believe that digitalisa­tion is the future and it is easy to believe that this is going to solve everything however this is not the case. Technology has saved us over and over again over the years but we have no guarantee that this will not fail. We have to manage digitalisa­tion with businesses becoming omni-channel, training the human component and the digital drivers to work together to provide a holistic experience for each and every consumer, in a sustainabl­e manner,” concluded Dr Cordina.

 ?? ?? BOV Chairman Dr Gordon Cordina
BOV Chairman Dr Gordon Cordina

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