-. We show how coronavirus is impacting the lives of vulnerable people globally. Green corridors are specific trade routes between major port hubs where zero-emission solutions are supported. [129][130], The forum defines the system that it wants to create as "Stakeholder Capitalism". [67] Among the attendees were heads of state or government, cabinet ministers, ambassadors, heads or senior officials of international organizations) attended the annual meeting, including: Sanna Marin (prime minister of Finland), Ursula von der Leyen (president of the European Commission), Christine Lagarde (ECB president), Greta Thunberg (climate activist), Ren Zhengfei (Huawei Technologies founder), Kristalina Georgieva (managing director of the IMF), Deepika Padukone (Bollywood actress), George Soros (investor) and Donald Trump (president of the United States). The annual event of business and government leaders is expecting a solid turnout as it returns to its traditional winter time slot following two years of covid disruptions. 2021 will see the World Economic Forum's first virtual annual meeting, The Davos Agenda. ", "Ukraine a 'special case': Is the WEF 'hypocritical' on Palestine? David Beasley, executive director of the United Nations World Food Programme, said the private sector must helproll out innovations to more farmers and transform a food system that will have to feed 10 billion people by 2050. The worlds decision-makers are gathering in Switzerland this week for the World Economic Forum meeting. What is a vaccine passport and will you need one the next time you travel? [186][187][188][185] This particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative (nicknamed "Davos in the desert") organised by the Public Investment Fund of Saudi Arabia. "[41][42] The former Russia House was used to present Russia's war crimes. Does Statista also create infographics in a customized design? [90], The WHO declared a global health emergency 6 days later.[91]. [183][184], As there are many other international conferences nicknamed with "Davos" such as the "Davos of the Desert" event organised by Saudi Arabia's Future Investment Initiative Institute,[185] the World Economic Forum objected to the use of "Davos" in such contexts for any event not organised by them. [71] The Economist had found similar results in an earlier study, showing an underperformance of Davos participants against both the MSCI World Index and the S&P 500 between 2009 and 2014. [132] Small demonstrations are held in Davos on most but not all years, organised by the local Green Party (see Anti-WEF protests in Switzerland, January 2003) to protest against what have been called the meetings of "fat cats in the snow", a tongue-in-cheek term used by rock singer Bono. Todays food systems dont address the needs of people or the planet. The last time people gathered in Davos was in January 2020, when many executives heard about Covid-19 for the first time. These participants represent governments, businesses, civil . Addressing these disruptions cannot be done in a piecemeal mannerwe must confront them systemically. [146], Women have been broadly underrepresented at the WEF, according to some critics. WEF 2020: Here's who's going to Davos this year - CNBC The Public Eye Award will be awarded for the last time in Davos: Public Eyes says Goodbye to Davos, confirmed by Rolf Marugg (now Landrats politician), by not directly engaged politicians, and by the police responsible.[193]. [95][96], In 2016 WEF published an article in which it is said, that in some cases reducing consumption can increase well-being. Visit http://news.trust.org to see more stories. Global disruption is ramping up, everywhere from geopolitics to food and energy. [168] The Dutch Transnational Institute think tank summarises that we are increasingly entering a world where gatherings such as Davos are "a silent global coup d'tat" to capture governance. Both hotels are sold out during the event. He sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. McKinsey and the World Economic Forum 2023 - McKinsey & Company What good can come from that? [181], In June 2021, WEF founder Klaus Schwab sharply criticised what he characterized as the "profiteering", "complacency" and "lack of commitment" by the municipality of Davos in relation to the annual meeting. [114], The Global Shapers Community (GSC), an initiative of World Economic Forum, selects young leaders below 30 years old based on their achievement and potential to be change agents in the world. They highlight that "despots" such as the son of the former Libyan dictator Saif al-Islam al-Gaddafi had been invited to the WEF and even awarded membership in the club of "Young Global Leaders". Some attendees elect to rent chalets for themselves and their staff, which can cost up to $140,000 for the week, The Times reported. &yN]}nu|F?,&r3|N" [25], In late 2015, the invitation was extended to include a North Korean delegation for the 2016 WEF, "in view of positive signs coming out of the country", the WEF organizers noted. When publishing one of these graphics, The World Economic Forum (WEF) had to host its last annual meeting in 2022 in May as the summit could not take place in the usual month of January due to the COVID pandemic-related restrictions. . Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. That's exactly what the World Economic Forum (WEF) does with its annual meeting. [119][120][121], Projects are divided into 17 areas of impact: Arts and Culture, Cities & Urbanization, Civic Participation, Climate Change, Covid-19 Response, Education, Entrepreneurship, Fourth Industrial Revolution, Gender equality, Global Health, Migration, Shaping the Future, Sustainable Development, Values, Water, #WeSeeEqual, and Workforce and Employment. The World Economic Forum (WEF) is an international non-governmental and lobbying organisation for multinational companies . [9], In a 2017 interview, Schwab said that Russian President Vladimir Putin had been recognized as a Young Global Leader, and also mentioned Canadian Prime Minister Justin Trudeau: "I have to say, when I mention now names, like Mrs. (Angela) Merkel and even Vladimir Putin, and so on, they all have been Young Global Leaders of the World Economic Forum. New research from the World Economic Forum and McKinsey lays out a road map to create the needed incentives. Our standard is 660 pixels, but you can customize how the statistic is displayed to suit your site by setting the width and the display size. PDF World Economic Forum - Home Lets take a brief look at the breakdown of official participants who might be spotted on the Swiss slopes in the coming week. However, the most important thing that happens at Davos is networking. The World Economic Forum (WEF) had to host its last annual meeting in 2022 in May as the summit could not take place in the usual month of January due to . The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. To make meaningful and sustainable progress toward gender equality, companies need to go beyond table stakes. Seeks to shape the future of advanced manufacturing and production through lighthouse factories. The conference itself is free for most attendees, the BBC reported. The most impactful discussions at Davos usually happen after hours. [88], Between 21 and 24 January 2020, at the early stages of the COVID-19 outbreak, CEPI met with leaders from Moderna to establish plans for a COVID-19 vaccine at the Davos gathering,[89] with a total global case number of 274 and total loss of life the virus at 16. At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho. The Forum welcomed more than 1,500 attendees from 50 countries. %PDF-1.7 % Greta Thunberg. Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented. There are hundreds more participating on the sidelines, whether organizing, catering, or attending corporate events along the promenade that cuts through the center of Davos. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: The World Economic Forum will take place in Davos from January 21 to 24. At the World Economic Forum Virtual Event of the Davos Agenda 25 January 2021 Professor Klaus Schwab, Ladies and Gentlemen, Friends, The past year was marked by the sudden onslaught of the COVID-19 pandemic. Kara is currently the Director, Bayview Yards Growth and Success at Invest Ottawa, the lead . Over 100 countries and regions are represented this year at Davos. [114] In 2017 members met with representatives and partners of WEF's new Center for the Fourth Industrial Revolution. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. Davos' 2021 theme is "Great Reset," according to the event's website. Only 22% percent of Davos' 2019 attendees were women, the BBC reported. While not abandoning capitalism, he proposes to change and possibly move on from some aspects of it, including neoliberalism and free-market fundamentalism. [123], In Entrepreneurship, Bucharest has hosted the Social Impact Award since 2009. [127] "The Great Reset" was to be the theme of WEF's annual meeting in August 2021. under the Creative Commons License CC BY-ND 3.0, may be used ", "responsibly manages near-term, medium-term and long-term value creation in pursuit of sustainable shareholder returns that do not sacrifice the future for the present. Big names include: Some companies send large delegations to the event. In the United States, the controversy over the GameSpot stock, involving amateur retail investors who organised online to disrupt the schemes of hedge funds, is an example of populist scorn held by many for the type of institutional investors who attend Davos each year. The goal of our 50th Annual Meeting is to establish "stakeholder capitalism" as the best model for delivering sustainable, inclusive growth capable of repairing the inequalities and divisions that have scarred our societies.. Nearly 3,000 people from 117 countries will participate in the 2020 Annual Meeting to advance this vision. In second place is the UK with 270 participants. The role of corporations, taxation and more should be reconsidered. Membership and partnership fees range from $65,000 to $650,000, "depending on the level of engagement," per WEF.. However, the information we received contains more detail on attendees than Quartz has ever seen and reveals, in ways never before disclosed, how the WEF catalogs and categorizes the worlds powerful people. Its common for heads of state and other high-level government officials to show up in Davos. [69], In 2007, the foundation established the Annual Meeting of the New Champions (also called Summer Davos), held annually in China, alternating between Dalian and Tianjin, bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, India, Russia, Mexico, and Brazil, but also including quickly growing companies from developed countries. [173][174][175], In a December 2020 article by The Intercept, author Naomi Klein described that the WEF's initiatives like the "Great Reset" were simply a "coronavirus-themed rebranding" of things that the WEF was already doing and that it was an attempt by the rich to make themselves look good. [138] In his 2004 article "Dead Souls: The Denationalization of the American Elite", Huntington argues that this international perspective is a minority elitist position not shared by the nationalist majority of the people. "[59] All plenary debates from the annual meeting also are available on YouTube[60] while photographs are available on Flickr. [14], In February 1971, Schwab invited 450 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. [137], The formation of a detached elite, which is often co-labelled through the neologism "Davos Man", refers to a global group whose members view themselves as completely "international". The Forum separately said that 22% of attendees are women, compared to 21% last year. Its themes include the Russo-Ukrainian War, climate change, energy insecurity and inflation. Saudi Arabia is set to join the world's largest economic forum as it participates in the upcoming St. Petersburg International Economic Forum (SPIEF) 2023. Abdullah told world leaders they had a"global responsibility"to. St. Petersburg International Economic Forum - Wikipedia LONDON, Jan 29 (Thomson Reuters Foundation) - The World Economic Forum's gathering of global political and business elites in Davos, Switzerland took place online this year because of COVID-19 and was covered less avidly than usual by the media. From reducing bias in product design to tackling racial injustice, more than 100 businesses, governments and nonprofits launched a global initiative to make artificial intelligence more ethical and transparent. Sign up for notifications from Insider! Jumping the COVID-19 vaccine line: Where it's happening and what's being done to stop it, Billionaires thriving as poor suffer in widening COVID-19 divide - Oxfam, Climate change less likely to be seen as an emergency in poor nations, (Reporting by Lin Taylor @linnytayls, Editing by Tom Finn. This page was last edited on 1 May 2023, at 14:48. Looks to bridge the public trust gap and accelerate the transition to cleaner, safer, more inclusive mobility systems. Various companies throw a wide range of events for Davos attendees, The New York Times reported. Sustained collective action by the public and private sectors is the only path forward; a resilient growth strategy is not only a necessity, but it also represents an opportunity. The three-comma contingent, which includes Jamie Dimon, Ray Dalio, and other employers of private chefs, will join a guest list of more than 2,000 attendees from 100 countries. Stay up to date with what you want to know. H[o6 ;4($ ^s i+!EQ6'vt8T3i>{w=EL-CrX*(foGx It runs education and incubation programs in more than 20 countries in Europe, Africa, and Asia and has impacted 1000+ young social entrepreneurs aged 14-30 years old. Managing board members are Brge Brende, Julien Gattoni, Jeremy Jurgens, Adrian Monck, Sarita Nayyar, Olivier M. Schwab, Saadia Zahidi, and Alois Zwinggi. The WEF has publicized the attendees to varying degrees in recent years. i3a;+u!Brm3y;'u1BgvNjc:'pK&K}e(F&=83R)DXpT\Vom~ ,'#l'zm[AozVmnx|OmVYJ=0pjD`y` @zH,o/q}%'"j _vI`{%4Xl4-!5m2am8E]t{(yq|5=^mAwi7?k6yse&@~Hi6pIxDnn' 9{ endstream endobj 2669 0 obj <>stream Bob serves as the global managing partner of McKinsey & Company. Share Twitter Facebook LinkedIn Annual Meeting 2019 Participants Women Men Regions Sectors Ages The Annual Meeting in Davos will host more than 3,000 participants from 115 economies. Of course, reasons for scepticism abound over the utility of elite gatherings like WEF. [113] The second WEF annual meeting was held in Dubai in November 2017, when there were 35 distinct councils focused on a specific issue, industry or technology. The rich and powerful have postponed their annual descent on a small resort town in Switzerland. Davos begins today; here's a list of world leaders attending the event. The female participation rate at the WEF increased from 9% to 15% between 2001 and 2005. The XXIV St. Petersburg International Economic Forum was held on June 2-5, 2021. The annual meeting of the World Economic Forum (WEF), or Davos as it's more commonly known, kicked off Tuesday in Switzerland. The world was a dynamic place in 2022, with the Ukraine war, inflation, climate change, supply chain challenges, and COVID-19 dominating our attention. North and South Korean officials held their first ever ministerial-level meetings at Davos in 1989, while Greece and Macedonia settled their nearly three-decade-long conflict over Macedonia's name at the event in 2018, according to the BBC. [161], In 2017, the former Frankfurter Allgemeine Zeitung journalist Jrgen Dunsch criticized that financial reports of the WEF were not very transparent since neither income nor expenditures were broken down. At least 225 million jobs vanished worldwide over the past year losses that were four times larger than those endured in the 2008 global financial crisis according to a report published Monday by the International Labor Organization. Whats ahead for urban deliveries? [93] In the Davos Manifesto 2020 it is said that a company among other: The Environmental Initiative covers climate change and water issues. Other public figures planning to attend include: For the most-represented nations, however, the majority of attendees are not public officials. Socially: societies increasingly disintegrate into different groups, each of which evokes its own identity (e.g. [134] Around 150 Tibetans and Uighurs protested in Geneva and 400 Tibetans in Bern against the visit of China's paramount leader Xi Jinping for the 2017 meeting, with subsequent confrontations and arrests. [47], The managing board is chaired by the WEF's president, Brge Brende, and acts as the executive body of the World Economic Forum. Advises clients and serves as our global chief marketing officer; leads the firms environmental, social, and governance initiatives, Fabian serves as the Managing Partner of McKinsey Germany and Austria, Leads research on economic and business trends and works with companies to develop business strategies and transformations. ", As world leaders descend upon Davos, the gender debate rumbles on, The percentage of women at Davos is greater than ever before, "What It's Like To Be A Woman At The Old Boys Economic Forum", "Davos: Impressions of a First-Time Attendee", "The dark side of Davos: A den of prostitution and predators", "Davos investigation: At parties and events, men tried to get sex", "Davos investigation: Champagne flowed and music played as women greeted guests", "Client offered me prostitutes at Davos party, says consultant", "The World Economic Forum: Influential and controversial", "Meinungsherrschaft - Ziemlich verstiegen", "The high priests of plutocracy all meet at Davos. [citation needed], Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. For the past three decades, the business world has intently watched the growth and innovation fueled by startups and rightly so. Notably, the only Iranian on the guest list, Foreign Minister Mohammad Javad Zarif, canceled his trip amid tensions with the United States over the killing of top Iranian general Qassem Soleimani, Reuters reported. [128], According to forum founder Schwab, the intention of the project is to reconsider the meaning of capitalism and capital. The exclusive four-day event best known as Davos, after the name of its host city is an opportunity for the world's most influential people to meld minds over the world's economic and political challenges, and, more importantly, to network. Need infographics, animated videos, presentations, data research or social media charts? He wont be lonely, though; the heads of at least 40 nations will make an appearance, including Belgium, Colombia, Ecuador, Finland, Greece, Iraq, Korea, Mozambique, Pakistan, South Africa, Spain, and Zimbabwe. -Klosters, Switzerland, 17 21 January 2022 - Politico Hotels raise their prices to five times their normal rate during the conference, according to The New York Times. Copyright 2020 Thomson Reuters Foundation. and the failure of climate change mitigation and adaptation were among the top-ranking global risks expressed by WEF attendees. It furthermore produces a series of reports, engages its members in sector-specific initiatives[3] and provides a platform for leaders from selected stakeholder groups to collaborate on projects and initiatives. Among the mentioned methods, there is green building, sustainable transport, organic farming, urban open space, renewable energy and electric vehicles. The WEF purchases carbon offset credits to offset all attendees' flights, but such programs can have mixed results, according to CNN Business. Additional attendees include a handful of well-known names, and a bit of royalty: Our free, fast, and fun briefing on the global economy, delivered every weekday morning. [56], At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. [157], In December 2021, the Dutch government published its past correspondence with representatives of the World Economic Forum, showing extensive interaction between the WEF and the Dutch government. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. You can unsubscribe at any time using the link in our emails. She is a United Way East Ontario Community Builder and an Ottawa Board of Trade & Ottawa Business Journal Forty Under 40 award recipient. Language links are at the top of the page across from the title. Remaining true to the World Economic Forums spirit of multistakeholder cooperation, the Annual Meeting 2023 which took place January 16 to January 20, brought together top decision-makers from government, business, and civil society to address major global issues and priorities for the year ahead. St. Petersburg International Economic Forum and World Economic Forum representatives met in Davos to sign a Memorandum of Cooperation between the WEF and the SPIEF. Meanwhile, tens of millions more people around the world were pushed into extreme. It is also says that half of the global GDP is moderately or largely dependent on nature. [85][86], The Global Health Initiative was launched by Kofi Annan at the annual meeting in 2002. [149][150][151] The World Economic Forum has in this context filed legal complaints against at least three investigative articles by reporters Katie Gibbons and Billy Kenber that were published by the British newspaper The Times in March 2020. [171], In addition to economic policy, the WEF's agenda is in recent years increasingly focusing on positively connotated activist topics such as environmental protection[93] and social entrepreneurship,[172] which critics see as a strategy to disguise the organisation's true plutocratic goals. The Forum was attended by . please include a backlink to the respective infographic URL. According to the organizers, 20% is a tipping point, after which the whole sector begins to irreversibly change. [75], Since 2000, the WEF has been promoting models developed by those in close collaboration with the Schwab Foundation for Social Entrepreneurship,[76] highlighting social entrepreneurship as a key element to advance societies and address social problems. Even those who don't pay for the conference are still on the hook for the WEF's membership fees, which start at 60,000 Swiss francs ($62,000) per year and can range up to 600,000 Swiss francs ($620,000) depending on the type of membership, according to the BBC. One of the top ten is Stanford University. Because when it comes to facing the climate emergency, the world is still in a state of complete denial. ", "is more than an economic unit generating wealth. He sees three central drivers for this development:[141], Critics argue that the WEF, despite having reserves of several hundred million Swiss francs and paying its executives salaries of around 1 million Swiss francs per year, would not pay any federal tax and moreover allocate a part of its costs to the public. Top editors give you the stories you want delivered right to your inbox each weekday. So yesterday I was at a reception for Prime Minister Trudeau and I know that half of his cabinet, or even more than half of his cabinet, are actually Young Global Leaders. [13] First named the European Management Forum, it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. [69], Next to individual participants, the World Economic Forum maintains a dense network of corporate partners that can apply for different partnership ranks within the forum. The information about this years attendees was submitted to us anonymously through our Secure Drop portal. Equality. [157], Some critics have seen the WEFs attention to goals like environmental protection and social entrepreneurship as mere window dressing to disguise its true plutocratic nature and goals. [48], The WEF is chaired by founder and executive chairman Professor Klaus Schwab and is guided by a board of trustees that is made up of leaders from business, politics, academia and civil society. Climate change and sustainability were central themes of discussion. daily and featuring the latest statistics from the media, Brings more than 20 years of experience serving a broad set of B2C companies, including in travel, logistics, consumer, and retail, Advises retail and hospitality clients on transforming their performance, health, and capabilities, Creates transformational impact for clients and catalyzes Firms innovations towards delivering holistic impact. [162], Recent annual reports published by the WEF include a more detailed breakdown of its financials and indicate revenues of CHF 349 million for the year 2019 with reserves of CHF 310 million and a foundation capital of CHF 34 million.
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