On the 4th and 5th of December 2024, Dubrovnik hosted the XXI International Economic Forum on Corporate Governance at the Valamar Argosy Hotel. Organized by the consulting firm Revicon d.o.o. Sarajevo, this year’s forum brought together regional experts to discuss the central theme: “Green Transformation and Sustainable Business”.
Over the course of the two-day program, four thematic sessions addressed the following key topics:
- Financing Green Projects and Economic Resilience
- Strengthening the Resilience of the Public Sector
- The Financial System and Green Sustainable Financing
- Key Risks in Sustainable Business
Particular attention was given to the Federation of BiH Government’s 2025 strategy, presented by government officials. In their presentation, they emphasized the importance of implementing sustainable practices across all sectors as a foundation for long-term development.
Expert Presentations and Panels Focused on Green Transition
Among the notable participants was Ivan Luburić, Director of the Supervisory Agency, who took part in the panel “The Financial System and Green Sustainable Financing”. In his presentation, Luburić highlighted the crucial role of insurance in managing and assuming the risks associated with green projects. He stressed that insurance companies in the Federation of BiH, aligned with legislative frameworks, must establish risk management systems that include sustainability elements.
At the same time, the investment potential of insurance companies enables them to play a significant role as institutional investors in the green transition. This contribution can accelerate the economy’s adaptation to climate challenges and strengthen the resilience of business models.
Challenges and Opportunities for Building a More Resilient and Equitable Society
During the panel “Financing Green Projects and Economic Resilience” Jasmin Hošo, CEO of Tondach BiH, underlined that balancing economic growth with environmental preservation is a key task for everyone. According to Hošo, the green transition is not merely an environmental imperative but also an economic opportunity that fosters innovation, opens new markets, and lays the groundwork for long-term development.
“Sustainable innovations are no longer an option but a necessity. They allow companies to reduce costs, adapt to changes, and contribute to societal development,” said Hošo, adding that inclusivity is crucial for the success of the green transition. Creative solutions, such as favourable financial models, can ensure that the benefits of the green transition are accessible to all.
Through its rich program, the XXI International Economic Forum on Corporate Governance delivered a clear message: the green transition is not only a challenge but also an opportunity to build a more resilient and equitable society. Collaboration between companies, governments, and local communities is essential for achieving these goals. Educating leaders, adapting legislative frameworks, and supporting innovation and investment were highlighted as priorities for a successful transformation.