The Business 20 (B20) serves as the recognized dialogue platform within the G20 for interactions with the global business community. Originating in 2010, the B20 is one of the primary Engagement Groups within the G20 framework, involving the active participation of corporations and business associations. The B20 coordinates the mobilization of leaders from around the world to express their perspectives on matters of worldwide economic and trade governance. It unifies the collective voice of the entire G20 business cohort.
The G20 Presidency annually appoints a B20 Chair, who is usually a distinguished business leader from the host country of the G20 summit that year. The B20 Chair receives support from a B20 Sherpa and the B20 secretariat. The core objective of the B20 revolves around formulating actionable policy recommendations aligned with the priorities set by each rotating presidency and aimed at stimulating economic advancement and growth.
The B20’s endeavors are carried out through Task Forces (TFs) and Action Councils (ACs), entrusted with the responsibility of crafting policy proposals grounded in consensus. These policies and proposals are presented to the G20 as well as other organizations and institutions of global eminence. The B20 officially submits its final recommendations to the G20 Presidency during the B20 Summit.
