The internationally funded initiative aims at securing vaccine supplies for global emergencies and pandemics, and to research new vaccines for tropical diseases, that are now more menacing. The World Economic Forum (WEF) is an international non-governmental and lobbying organisation for multinational companies . China's Xi Jinpingsaid that Beijing would help countries and regions less prepared to cope with the pandemic, and ensure vaccines were available in developing countries. Davos is the informal name of the annual four-day conference held by The World Economic Forum in Davos-Klosters, Switzerland. Even in 2020, participants travelled to the WEF annual meeting in Davos on around 1,300 private jets while the total emissions burden from transport and accommodation were enormous in their view. [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. 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. [16], The second European Management Forum, in 1972, was the first meeting at which one of the speakers at the forum was a head of government, President Pierre Werner of Luxembourg. Ukraine's president Volodymyr Zelenskyy gave a special address at the meeting,[39] thanking the global community for its efforts but also calling for more support. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. as well as other partner offers and accept our. Access your favorite topics in a personalized feed while you're on the go. to significant, quantifiable, scalable, and sustainable DEI impact. PDF World Economic Forum - Home Because when it comes to facing the climate emergency, the world is still in a state of complete denial. A nature-positive economy could create 395 million new jobs by 2030. In second place is the UK with 270 participants. Quartzs own executive editor Heather Landy and global news editor Samanth Subramanian (, British actor Idris Elba, and his wife Sabrina Dhowre Elba, who is a UN goodwill ambassador, Donald Trumps son-in-law, and founder of private equity firm Affinity Partners, Jared Kushner, Member of the Black Eyed Peas and CEO of i.am/Angel Foundation, will.i.am, also known as Will Adams, Mxima (queen of the Netherlands), Mathilde (queen of the Belgians), and Albert II of Monaco (prince of Monaco). industries; and "Economy and Society", which Covid-19 held a mirror to society's biggest problems, from climate change to inequality, forcing humanity to grapple with their consequences. [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. [24] Following the publication, Klaus Schwab described the publication as "an unacceptable failure in the editorial process". Davos 2021 is postponed here's what you need to know about the In 2013, former Facebook president Sean Parker threw an infamous party where "specially made stuffed animals illuminated dancers with lasers shot from their eyes" as John Legend performed, according to CBS News. According to the WEF, the center will "serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another". A new report shows that accelerated decarbonization for the shipping industry is feasible, and could provide stakeholders with the confidence to invest, coordinate, and deliver solutions at scale by 2030. World Economic Forum - Home on two sectors: "Media and Technology", updated YV5&%Nz+)\ As a result, the WEF enacted a quota system mandating that companies bring at least one woman for every man in 2011, according to The Guardian. The theme of the 53rd Annual Meeting would be 'Cooperation in a Fragmented World' and it will convene more than 2,700 leaders from 130 countries, including 52 heads of state/government. While you do have to be a member to attend, admission is not included in the membership fee, according to theBBC. [38] In early 2022, the annual meeting in Davos was rescheduled for 22 to 26 May 2022. . Some critics see the WEF's increasing focus on activist areas such as environmental protection[117] and social entrepreneurship[118] as a strategy to disguise the true plutocratic goals of the organisation. According to the official list, which is accurate as of Jan. 10, 2,658 attendees are registered for the event. 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. 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. 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. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. All told, two-thirds of the attendees are from 10 nations. embodied through the Brexit vote or congressional blockades in the USA). [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. #wef2021 #DavosAgenda pic.twitter.com/Bhd9HJSHhp. The last time people gathered in Davos was in January 2020, when many executives heard about Covid-19 for the first time. Dramatically reducing CO2 emissions by 2050 in the aviation industry will not be easy, but advanced modeling shows that it is possiblewith the right ambition and investment. Local government officials are level five. The XXIV St. Petersburg International Economic Forum was held on June 2-5, 2021. 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. The meeting also engages with the next generation of global leaders from fast-growing regions and competitive cities, as well as technology pioneers from around the globe. [61][62], Some 3,000 individual participants joined the 2020 annual meeting in Davos. [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. The multitude of ongoing crises calls for bold collective action. 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. [98][99] PACE is co-chaired by Frans van Houten (CEO of Philips), Naoko Ishii (CEO of the Global Environment Facility, and the head of United Nations Environment Programme (UNEP). Central bankers are level three. [17], Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Yom Kippur War, saw the annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January 1974. [30], In 2018, Indian Prime Minister Narendra Modi gave the plenary speech, becoming the first head of government from India to deliver the inaugural keynote for the annual meet at Davos. German Chancellor Angela Merkel and US President Donald Trump were among the 53 heads of state who attended the 2020 event. H[o6 ;4($ ^s i+!EQ6'vt8T3i>{w=EL-CrX*(foGx They weren't going there to ski, but to attend the annual meeting of the World Economic Forum (WEF), typically held in January of each year. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises. There are no further details provided to what asset classes or individual names the WEF allocates its financial assets of CHF 261 million. 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. more satellitesand many more people than ever beforecan venture into orbit. -Klosters, Switzerland, 17 21 January 2022 - Politico 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. and the failure of climate change mitigation and adaptation were among the top-ranking global risks expressed by WEF attendees. Approximately 5% of the conference's 2,000-person guest list are billionaires, Bloomberg reported. It's not reasonable," Thunberg told CNN at Davos in 2019. The GHI's mission was to engage businesses in public-private partnerships to tackle HIV/AIDS, tuberculosis, malaria, and health systems. With the Biodiversity COP15 and the UN Food Systems Summit scheduled for 2021. Global pop icon Shakira, actors Forest Whitaker and Matt Damon, JPMorgan Chase CEO Jamie Dimon, and former Alibaba chairman Jack Ma have also attended in the past, The New York Times reported. The invitation was accepted. The foundation's highest governance body is the foundation board. [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 list of delegates to the 2020 World Economic Forum in Davos - Quartz At times it has kept the list private, released it in full, or released it while excluding certain groups of people. This year's focus is on climate change, among other issues. North Korea has not been attending the WEF since 1998. In 2000, about 10,000 demonstrators disrupted a regional WEF meeting in Melbourne, by obstructing the path of 200 delegates. 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 . As a strategic partner to the World Economic Forum, McKinsey engaged with Davos 2023 participants in constructive, forward-looking dialogues and identified impact-oriented solutions that will contribute to a better world, focused on sustainable inclusive growth. The World Economic Forum in Davos is still happening, for now. [187][188][185], Since the annual meeting in January 2003 in Davos, an Open Forum Davos,[189] which was co-organized by the Federation of Swiss Protestant Churches, is held concurrently with the Davos forum, opening up the debate about globalization to the general public. [77][78] Selected social entrepreneurs are invited to participate in the foundation's regional meetings and the annual meetings where they may meet chief executives and senior government officials. Abdullah told world leaders they had a"global responsibility"to. Looks to bridge the public trust gap and accelerate the transition to cleaner, safer, more inclusive mobility systems. Even though the main conference has been rescheduled, WEF still plans to host a series of digital discussions on their original dates in January. [53], The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia, NGOs, religious leaders, and the media in an alpine environment. As this infographic shows, most of the participants this year again come from the United States (674). [22] Transparency International highlighted this incident in their Global Corruption Report two years later in 2006. 2664 0 obj <> endobj 2677 0 obj <>/Filter/FlateDecode/ID[<26D212E4D8E9F849AD9B4FC41DF76F68>]/Index[2664 27]/Info 2663 0 R/Length 73/Prev 234420/Root 2665 0 R/Size 2691/Type/XRef/W[1 2 1]>>stream In this edition of, Senior Partner and Managing Partner, Abu Dhabi, Senior Partner and Chief Legal Officer, New York. m dQv6&R%^ Aside from Davos, the organization convenes regional conferences in locations across Africa, East Asia, Latin America, and India and holds two additional annual meetings in China and the United Arab Emirates. Davos begins today; here's a list of world leaders attending the event. Much of the world shut down roughly two months later, and the 2021 . "A white badge means you're one of the delegates you might be the chief executive of a company or the leader of a country (although that would also get you a little holographic sticker to add to your badge), or a senior journalist. After five years of participation they are considered alumni. Keep reading to take a look at how Davos works. -. Jordan's King Abdullah told world leaders they had a"global responsibility"tosafeguard the health of refugees from COVID-19,after his country became one of the first to vaccinate refugees. At a ceremony at a Davos hotel, the "winners" in 2011 were named as Indonesian palm oil diesel maker, Neste Oil in Finland, and mining company AngloGold Ashanti in South Africa. 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. A Review of Klaus Schwab and Thierry Malleret's 'COVID-19: The Great Reset', "Creating the Responsible Consumer: Moralistic Governance Regimes and Consumer Subjectivity", "Vatican Court judge criticizes Bill Gates, George Soros and Klaus Schwab for using Covid to impose 'total control' on population", "Cardinal Mller and the conspiracy myths", "Zentralrat der Juden wirft Kardinal Mller 'antisemitische Chiffren' vor", "WEF Cancels Singapore Meeting as Pandemic Haunts Global Event", "WEF-Chef Klaus Schwab droht Davos wegen berrissener Preise", "WEF-Grnder Klaus Schwab kritisiert Davos scharf", "The organizers of Davos want nothing to do with Saudi Arabia's "Davos in the Desert", "World Economic Forum Objects to Misuse of the 'Davos' Brand", "The Davos of Public Relations Disasters", "WEF Condemns Use of 'Davos' Label One Day Before Saudi Summit", "Open Forum Davos, Schweizerischer Evangelischer Kirchenbund", How to Change the World Social Entrepreneurs and the Power of New Ideas, 'How to Open the World Economic Forum' Matthias Lfkens in Interview with 99FACES.tv, "Everybody's Business: Strengthening International Cooperation in a More Interdependent World", "Klaus Schwab and Prince Charles on why we need a Great Reset", "A Conversation with Henry Kissinger on the World in 2017", Economic corridor in Greater Mekong Subregion, China-Indochina Peninsula Economic Corridor, New International Land-Sea Trade Corridor, China-Central Asia-West Asia Economic Corridor, Uzbekistan-Tajikistan-China International Highway, China-Kyrgyzstan-Uzbekistan International Highway, International NorthSouth Transport Corridor, Bangladesh, China, India and Myanmar Economic Corridor, Sino-Latin American Production Capacity Cooperation Investment Fund, Special Loan Program for China-Latin America Infrastructure Project, Conference on Interaction and Confidence-Building Measures in Asia, Greater Mekong Subregion Economic Cooperation, Central Asia Regional Economic Cooperation, China-Pacific Island Countries Economic Development and Cooperation Forum, https://en.wikipedia.org/w/index.php?title=World_Economic_Forum&oldid=1152655113, Pages with login required references or sources, Articles with dead external links from September 2017, Articles with permanently dead external links, Short description is different from Wikidata, Wikipedia articles with possible conflicts of interest from November 2021, Articles with self-published sources from November 2021, Articles lacking reliable references from November 2021, Articles with multiple maintenance issues, Pages using infobox organization with motto or pledge, Articles with unsourced statements from March 2022, Articles with unsourced statements from December 2021, Wikipedia neutral point of view disputes from November 2020, All Wikipedia neutral point of view disputes, Creative Commons Attribution-ShareAlike License 3.0, Directly influencing global agendas & decision making, lobbying for public-private cooperation, Key developments in the 90s: implications for global business, Competitive cooperation in a decade of turbulence, Rallying all the forces for global recovery, Redefining the basic assumptions of the world economy, Managing volatility and priorities for the 21st century, Responsible globality: managing the impact of globalization, Sustaining growth and bridging the divides: a framework for our global future, Leadership in fragile times (held in New York instead of Davos), Shaping the global agenda, the shifting power equation, Improve the state of the world: rethink, redesign, rebuild, The great transformation: shaping new models, The reshaping of the world: consequences for society, politics and business, Mastering the fourth industrial revolution, Creating a shared future in a fractured world, Globalization 4.0: shaping a global architecture in the age of the fourth industrial revolution, Stakeholders for a cohesive and sustainable world, History at a Turning Point: Government Policies and Business Strategies, "acts as a steward of the environmental and material universe for future generations. g>{Jq:{ak}W!Rgu*6G[EmSZOJ/=)bl C."tR! +.Xt9WxXfQ_Gb#H4 ${@:ulRxz|7_uC!:!iC{Du{kck>[>N$o I endstream endobj 2668 0 obj <>stream The four-day conferencebegan Tuesday in Davos-Klosters, Switzerland. [11], The cost to be paid by companies for a delegate to the WEF were US$70,000 in the early 2000 years, and in 2022 were US$120,000. [3][54] The participants also take part in role playing events, such as the Investment Heat Map. [8][9], The World Economic Forum and its annual meeting in Davos have received criticism over the years, including the organization's corporate capture of global and democratic institutions, its institutional whitewashing initiatives, the public cost of security, the organization's tax-exempt status, unclear decision processes and membership criteria, a lack of financial transparency, and the environmental footprint of its annual meetings. ", "We understand that the world is very complex and that change doesnt happen overnight. World leaders were set to attend a variety of speeches, panels, and discussions designed to help chart the global recovery plan for after the coronavirus pandemic. [37], In late December 2021, the World Economic Forum said in a release that pandemic conditions had made it extremely difficult to stage a global in-person meeting the following month; transmissibility of the SARS-CoV-2 Omicron variant and its impact on travel and mobility had made deferral necessary. It fulfils human and societal aspirations as part of the broader social system. Kara is currently the Director, Bayview Yards Growth and Success at Invest Ottawa, the lead . Five actions can help. [164], Critics emphasise that the annual meeting of the World Economic Forum is counterproductive when combating pressing problems of humanity such as the climate crisis. What is a vaccine passport and will you need one the next time you travel? Only 22% percent of Davos' 2019 attendees were women, the BBC reported. 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. Anyone coming to represent a company is charged 27,000 Swiss francs ($28,000) to attend, while activists and political leaders can come free of charge. [165][146], The World Economic Forum's "Global Redesign" report suggests to create "public-private" United Nations (UN) in which selected agencies operate and steer global agendas under shared governance systems. [56], At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. World Economic Forum - Wikipedia ~}q :,{ ", 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. The Forum aims to explore innovative solutions and . In this meeting the World Economic Forum: At the 2021 annual meeting UNFCCC launched the 'UN Race-to-Zero Emissions Breakthroughs'. [40] The 2022 Forum was marked by the absence of a Russian delegation for the first time since 1991, which The Wall Street Journal described as signalling the "unraveling of globalization. [104], The World Economic Forum is working to eliminate plastic pollution, stating that by 2050 it will consume 15% of the global carbon budget and will pass by its weight fishes in the world's oceans. To make meaningful and sustainable progress toward gender equality, companies need to go beyond table stakes. [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. This new report analyzes interventionssuch as the use of electric vehicles and parcel lockersthat could lower emissions and congestion considerably. [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. NOW WATCH: A top EY executive who has her pulse on what US business leaders are thinking says she's not worried about a recession, tensions with the United States over the killing of top Iranian general Qassem Soleimani, The New York Times' Michael J. de la MercedandRussell Goldman, Countless business leaders, 53 heads of state, and a handful of celebrities attended last year's meeting, and the. [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. Among them are heads of state, business royalty, actual royalty, media honchos, and academics. Oxfam, the anti-poverty nonprofit, separately found that while theworlds 1,000 richest people recouped their losses during the pandemic in a matter of months, it could take more than a decade for the worlds poorest to recover from its economic impact. Davos' 2021 theme is "Great Reset," according to the event's website. Image:World Economic Forum/Flickr. "[178], In December 2021, the Catholic Cardinal and former Prefect of the Congregation for the Doctrine of the Faith (CDF) Gerhard Ludwig Mller criticised in a controversial interview that people like WEF founder Schwab were sitting "on the throne of their wealth" and were not touched by the everyday difficulties and sufferings people face e.g. The youngest is the 16-year . [26] However, WEF revoked the invitation on 13 January 2016, after the 6 January 2016 North Korean nuclear test, and the country's attendance was made subject to "existing and possible forthcoming sanctions". Careers in business account for most of the participants' backgrounds (1,595 conference attendees), with the remaining seats shared between government (364), NGOs (246) and press (234). [20], In October 2004, the World Economic Forum gained attention through the resignation of its CEO[21] and executive director Jos Mara Figueres over the undeclared receipt of more than US$900,000 in consultancy fees from the French telecommunications firm Alcatel. Sign up for notifications from Insider! In January 2015, it was designated an NGO with "other international body" status by the Swiss Federal Government under the Swiss Host-State Act. One year, JPMorgan Chase rented out the Kirchner Museum Davos to throw a cocktail party co-hosted by Dimon and former British prime minister Tony Blair. [190][191], The Public Eye Awards have been held every year since 2000. 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. Davos delegates are categorized from 1 to 7 by the WEF - Quartz is secure, affordable, and clean. . 2021 will see the World Economic Forum's first virtual annual meeting, The Davos Agenda. Stay up to date with what you want to know. Over 100 countries and regions are represented this year at Davos. The WEF has publicized the attendees to varying degrees in recent years. This year, attendees include US President Donald Trump, climate activist Greta Thunberg, Goldman Sachs CEO David Solomon, JP Morgan Chase CEO Jamie Dimon, and Facebook COO Sheryl Sandberg, Business Insider reported. Here's how AI can come to the rescue. Its common for heads of state and other high-level government officials to show up in Davos. Language links are at the top of the page across from the title. African and Asian markets are also underrepresented, former U.S. Deputy Under Secretary of Commerce for International Trade and Foreign Policy magazine editor David Rothkopf told CBS. As a result, the conference has long faced criticism over a lack of diversity among attendees. It is also says that half of the global GDP is moderately or largely dependent on nature. An admission fee costs $19,000 per person. WEF's event fee income dropped from around $45 million in 2020 to zero in 2021. [169] The documents were officially made available by the Dutch government. [47], The managing board is chaired by the WEF's president, Brge Brende, and acts as the executive body of the World Economic Forum. 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. [101], The Forum emphasized its 'Environment and Natural Resource Security Initiative' for the 2017 meeting to achieve inclusive economic growth and sustainable practices for global industries. Google throws a party each year at the InterContinental Hotel that The Times called "the hottest ticket in town.". [170], In 2019, the Swiss newspaper WOZ received a refusal of its accreditation request for the annual meeting with the editors and subsequently accused the World Economic Forum of favoring specific media outlets. Drivers are among others an overrepresentation of financial companies and an underrepresentation of fast-growing health care and information technology businesses at the conference. By clicking Sign up, you agree to receive marketing emails from Insider Joseph P. Schoendorf, H.M. Queen Rania Al Abdullah. This page was last edited on 1 May 2023, at 14:48. [124] In North America, New York has hosted the OneRise startup accelerator since 2021. However, the most important thing that happens at Davos is networking. Equality. [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.