1. BBM 301
Management Accounting
Topic:G20 and Rio+20 summit
PRESENTENTED BY-
Group 2:
Himanshi Makhija
Gagan Kr. Pandit
Akanksha Kumari
Ravi Verma
Sarita Singh
Yogesh Raj Singh

2. Contents
 Introduction
G20: origin and agenda
• History
• G20 leaders’ chair rotation
• Issues covered
RIO+20 SUMMIT
• Origin

3. •Objective
•Conference themes
•Demonstrations at Rio+20 summit
•Participation
•Summit meetings
•Importance
•Outcomes
•Issues covered
•Conclusion

4. INTRODUCTION
 Took place in Mexico on June 18-19, 2012.
 Group of Twenty (G20) Finance Ministers and Central Bank Governors, established
in 1999 to connect leading industrial, developing economies discussing issues
affecting the global economy.
 United people from across the 20 nations to participate in discussions over important
issues in international diplomacy, while building friendships across borders.
G20 SUMMIT (3-11 June inclusive in Washington DC,
USA) The Group of Twenty (G20) Finance Ministers.

5. RIO+20 EARTH SUMMIT (11-25 June inclusive
in Rio de Janeiro, Brazil)
 The United Nations Conference on Sustainable Development, also referred to as
Rio+20.
 An important step in ongoing international efforts to accelerate progress in
achieving sustainable development globally.
 Presents an opportunity to re-direct and re-energize political commitment to the
three pillars of sustainable development: economic growth, social improvement and
environmental protection.

6. G20-Origin and Agenda
 Seventh meeting of the G-20 heads of government.
 Held in Los Cabos, Baja California Sur, from June 18–19, 2012.
 Pre-planning began in 2010.
 Mexico believes the forum can better represent developing countries in both vision and policy.

7. History
The group was formally inaugurated in September 1999, and held its first
meeting in December 1999.
 A group photo of the participants of
the2008 G-20 Washington summit.
 2009 G-20 London summit group
photo.

8. Contd…
 2009 G-20 Pittsburgh summit group
photo.
 2010 G-20 Toronto summit group
photo.

9. Contd…
 2010 G-20 Seoul summit group photo.  2011 G-20 Cannes summit group
photo.

10. Contd…
 2012 G-20 Mexico summit group photo.

11. G-20 leaders' chair rotation
Group Nations Group Nations Group Nations Group Nations Group Nations
Group 1
Australia
Group 2
India
Group 3
Argentina
Group 4
France
Group 5
China
Canada Russia Brazil Germany Indonesia
Saudi Arabia South Africa Mexico Italy Japan
United States Turkey — United Kingdom South Korea

12. Issued covered
Reforming the financial sector
Prevent future crises
Financial Stability Board(FSB).
Compensation practices
Reaffirmed to monitor the effective and consistent implementation of the
agreed principles and standards of implementation.

13. Contd…
Systemically important financial institutions (SIFIs)
Reiterated the commitment to make national resolution regimes
consistent with the FSB Key Attributes of Effective Resolution Regimes.
To strengthen the intensity and effectiveness of the supervision of SIFIs.
Domestic systemically important banks (D-SIBs)
Developing a set of principles as a common framework
Finance Ministers and Central Bank Governors will review the
recommendations at their meeting in November.

14. Contd…
Shadow banking
Leaders supported continuing work for strengthening the oversight and
regulation of the shadow banking system
Credit rating agencies (CRAs)
Called standard setting bodies to reduce reliance on CRA ratings in
standards, laws and reglations to end mechanistic reliance by market
participants.

15. Fostering Financial Inclusion
Continuing the implementation of the five recommendations of the 2011
Global Partnership for Financial Institution (GPFI) report
Launching the SME Finance Compact as well as endorsing the G20 Basic
Set of financial inclusion indicators developed by the GPFI
G20 Financial Inclusion Peer Learning Program
Endorsing the High Level Principles on National Strategies for Financial
Education

16. Meeting the challenges of development
This year, the G20’s Development Working Group (DWG) has built upon the
work of previous G20 presidencies, making progress on the range of
commitments set out in the Seoul Multi-Year Action Plan, and focused on
three priorities: food security, infrastructure and inclusive green growth.
Eradicating poverty and achieving strong, inclusive, sustainable and balanced
growth therefore remain core objectives of the G20 development agenda, and
at Los Cabos G20 Leaders agreed the following:
 Food security
 Nutrition
 Infrastructure
 Inclusive Green Growth

17. Enhancing Food Security

18. Contd…
(i) Increasing agricultural production and productivity
(ii) Preventing and responding to food crises
(iii) Ensuring sustainability in agricultural production
(iv) Adapting to climate change
(v) Improving nutrition

19. Green Growth
Inclusive green growth, and poverty eradication, can help achieve
development and economic goals. Progress was made in the following
areas as part of the G20’s commitment to inclusive green growth:
Structural reform
Climate finance
Sustainable infrastructure
Employment
Clean energy and energy efficiency

20. Fight against corruption
The G20 is committed to fully implementing and enforcing commitments made in
this area. At Los Cabos, G20 Leaders agreed the following:
Extended the mandate of the Anti-Corruption Working Group.
Ratification and full implementation of the United Nations Convention against
Corruption (UNCAC).
Principles for financial and asset disclosure systems.
Adoption of the revised FATF standards.
Enforcing anti-corruption legislation.

21. THE RIO+20 SUMMITRIO+20 SUMMIT
 The United Nations Conference on Sustainable Development (UNCSD), also known
as Rio 2012, Rio+20, or “Earth Summit 2012”
The third international conference on sustainable development
Aimed at reconciling the economic and environmental goals of the global community.
Hosted by Brazil in Rio de Janeiro from 13 to 22 June 2012

22. Origin
Organized by the United Nations Department of Economic and Social Affairs
and included participation from 192 UN member states.
Including 57 Heads of State and 31 Heads of Government, private sector
companies, NGOs and other groups.
 In 1992, first conference of its kind, the United Nations Conference on
Environment and Development (UNCED), commonly referred to as the Rio
Conference or Earth Summit.

23. Objectives
1.Securing renewed political commitment for sustainable development.
2.Assessing the progress and implementation gaps in meeting previous
commitments.
3.Addressing new and emerging challenges.

24. Conference themes
A green economy in the context of sustainable development poverty
eradication; and
The institutional framework for sustainable development.

25. ISSUES COVERED IN THE SUMMIT
Unemployment,decent work and migration.
Sustainable development as an answer to the economic and financial crisis.
Sustainable development for fighting poverty.
Sustainable patterns of production and consumption.
 Forests.
Sutainable energy for all

26. Demonstrations at Rio+20 summit
 Demonstration at Rio+20 - Picture shows effigy
of Brazilian President Dilma Rousseff with a
chainsaw embracing the statue of liberty
 Demonstration against the president of Iran
Mahmoud Ahmadinejad during the conference

27. Participation

28. Summit meetings
1st Preparatory Committee
Held from 16–18 May 2010
1st Intersessional
Held from 10–11 January 2011 at UN Headquarters, New York
Focused on discussion of the objectives of the conference, and its two principle themes.
2nd Preparatory Committee
Held from 7–8 March 2011, at United Nations Headquarters in New York
2nd Intersessional
Held from 15–16 December 2011 at United Nations Headquarters in New York.
3rd Intersessional
Held from 5–7 March 2012 at United Nations Headquarters in New York.

29. Why Rio+20 is important
The world today has 7 billion people – by 2050, there will be 9 billion.
One out of every five people – 1.4 billion – currently lives on $1.25 a day or less.
A billion and half people in the world don’t have access to electricity.
Two and a half billion people don’t have a toilet.
Almost a billion people go hungry every day.
Greenhouse gas emissions continue to rise, and more than a third of all known
species could go extinct if climate change continues unchecked.

30. Outcomes
The development of Sustainable Development Goals (SDGs).
Nations agreed to explore alternatives to GDP as a measure of wealth
 All nations reaffirmed commitments to phase out fossil fuel subsidies.
 All nations reaffirmed commitments to phase out fossil fuel subsidies.
Over 400 voluntary commitments for sustainable development made by Member
States.

31. THANK YOU