His Holiness Pope Francis Addresses Time Inc.’s 2016 Fortune/Time Global Forum at the Vatican

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Prominent Business and Thought Leaders Present Solutions to the
Pope on How the Private Sector Can Be a Driving Force in Ending Poverty
and Creating a More Sustainable World

ROME–(BUSINESS WIRE)–On December 2 and 3, Time Inc.’s (NYSE:TIME) 2016 Fortune/Time Global
Forum
convened select global Fortune 500 CEOs, members of the Time
100 and nonprofit, academic, religious and labor leaders to address the
need for a global economic system that both encourages growth and
spreads its benefits more broadly. The two-day conference, held in Rome
and at the Vatican, culminated today with a Special Papal Audience and
an address by His Holiness Pope Francis.

His Holiness Pope Francis’ remarks, given in The Clementine Hall at the
Vatican this morning, can be read here: http://for.tn/2gRLJG4

Inspired by the Pope’s call for more and better jobs, broader prosperity
and lasting ways to lift the poor, the theme of the 2016 Global Forum
was “The 21st Century Challenge: Forging a New Social Compact.” The
event centered on a solutions-based conversation aimed at encouraging
transformative actions by the private sector to help create a more
inclusive and humane economy and aid in eradicating poverty and in
solving the refugee problem around the world. The first day of the forum
included topic-area discussions and working group sessions on these
subjects at the Westin Excelsior Hotel in Rome. Attendees produced an
extensive report, including more than twenty solutions, which was
presented to His Holiness Pope Francis at the Vatican today.

In a letter to His Holiness Pope Francis leading the report, Time Inc.
Chief Content Officer and Fortune Editor-in-Chief Alan Murray and
Time Inc. News Group Editorial Director Time Editor-in-Chief Nancy
Gibbs
write, “By their policies and practices, by the actions of
their employees and their suppliers, and by the example they set as
leaders, these CEOs and their companies have the power to do much good
in the world. … In addition to stimulating the efforts of the people who
are here, we hope that the work of this group will inspire other
business leaders and company heads to take similar actions.”

See more coverage of the Fortune/Time Global Forum here.

A Host Committee of business and philanthropic leaders assisted in
developing the Forum’s program, attended the event, moderated
conversations and took an active role in developing working solutions.
Members of the 2016 Global Forum Host Committee included CEOs from Dow
Chemical, IBM, Johnson & Johnson, Monsanto, McKinsey, Siemens, Virgin
Group and WPP, as well as leaders of nonprofit organizations, including
the Rockefeller, Ford and Mo Ibrahim Foundations.

The Global Forum is one of more than a dozen live events produced
annually by Fortune Live Media, including Fortune Most Powerful Women,
Fortune Brainstorm Tech and Fortune MPW Next Gen. Time Inc. is a global
leader in live media, with some of the world’s most prestigious brand
events, including the Food & Wine Classic, Essence Festival, Sports
Illustrated Swimsuit, Time 100 Gala and many more. Since becoming a
public company in 2014, Time Inc. has significantly expanded its brands
further into the live events business and acquired INVNT, a global brand
communications agency. In the past year, Time Inc. has launched
Entertainment Weekly PopFest and the InStyle Awards, among other events.

ABOUT TIME INC.

Time Inc. (NYSE:TIME) is a leading content company that engages over
150 million consumers every month through our portfolio of premium
brands across platforms. By combining our distinctive content with our
proprietary data and people-based targeting, we offer highly
differentiated end-to-end solutions to marketers across the multi-media
landscape. Our influential brands include People, Time, Fortune, Sports
Illustrated, InStyle, Real Simple and Southern Living, as well as more
than 50 diverse titles in the United Kingdom. Time Inc. has been
extending the power of our brands through various acquisitions and
investments, including Viant, an advertising technology firm with a
specialized people-based marketing platform; The Foundry, Time Inc.’s
creative lab and content studio; and the People Entertainment Weekly
Network (PEN). The company is also home to celebrated events, such as
the Time 100, Fortune Most Powerful Women, People’s Sexiest Man Alive,
Sports Illustrated’s Sportsperson of the Year, the Essence Festival and
the Food & Wine Classic in Aspen.

Contacts

Time Inc.
Kerri Chyka, +1 917.297.4007
kerri_chyka@timeinc.com
or
APCO
Worldwide
Eugenia Isoletti, +39 06.697.666.1
eisoletti@apcoworldwide.com,
or
Pietro
Battistella, +39 366.452.7513
pbattistella@apcoworldwide.com