[84], In 2020, the forum published a report named: "Nature Risk Rising". [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. 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. [177], A study published in the Journal of Consumer Research investigated the sociological impact of the WEF. Copyright 2020 Thomson Reuters Foundation. Stay up to date with what you want to know. It fulfils human and societal aspirations as part of the broader social system. According to the organizers, 20% is a tipping point, after which the whole sector begins to irreversibly change. [15] He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. In particular, "Strategic Insight Teams" focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking. This chart shows the countries with the most attendees at the World Economic Forum 2020. "My address to the World Economic Forum today. Serves clients across strategy Drives transformation programs in a number of industries, with a focus on operations, cultural change, and digital turnarounds. They promote common ideas, and serve common interests: their own. non-commercial websites. to significant, quantifiable, scalable, and sustainable DEI impact. 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. Bob serves as the global managing partner of McKinsey & Company. %PDF-1.7 % 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]. But youve now had more than three decades of blah blah blah. industries; and "Economy and Society", which [176], Similarly, in his review of COVID-19: The Great Reset, ethicist Steven Umbrello makes parallel critiques of the agenda. The public, private, and third sectors need to work together to support women to make the transitions they need to thrive in the automation age, write Anu Madgavkar, Vivian Hunt, and Lareina Yee in World Economic Forum. Because when it comes to facing the climate emergency, the world is still in a state of complete denial. Academia, which had been the basis of the first annual conference in 1971, had been marginalised to the smallest participant group (183 attendees). There are rooftop snipers and airport style-security at the main conference center, the BBC reported. WEF's event fee income dropped from around $45 million in 2020 to zero in 2021. According to the Transnational Institute (TNI), the Forum is hence planning to replace a recognised democratic model with a model where a self-selected group of "stakeholders" make decisions on behalf of the people. Equality. [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. 2022 - Annual Meeting 1/41 World Economic Forum Annual Meeting List of Participants As of 17 November 2021 Davos-Klosters, Switzerland, 17 21 January 2022 Andrey L. Kostin Russian Federation . The foundation, which is mostly funded by its 1,000 member companies typically global enterprises with more than US$5 billion in turnover as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas".[2]. Attendance is by invitation only, according to CBS News. To make meaningful and sustainable progress toward gender equality, companies need to go beyond table stakes. It is also says that half of the global GDP is moderately or largely dependent on nature. [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. European Commission President, Ursula von der Leyen,warned against the "immense power" of tech companies on democracies and called for more regulation that go beyond company policies. Global disruption is ramping up, everywhere from geopolitics to food and energy. 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. [46], The World Economic Forum claims to be impartial and that it is not tied to any political, partisan, or national interests. Managing Partner for McKinsey in North America; helps companies with strategies related to technology and innovation, large-scale Co-leads the Global Banking Practice. FILE PHOTO: Swedish climate change activist Greta Thunberg takes part in a climate strike protest during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland January 24, 2020. He added that as of 2017 "more than half" of Justin Trudeau's Cabinet had been members of the program. 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. The World Economic Forum declined to comment on the list or the purpose of the categorization. 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. [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. The multitude of ongoing crises calls for bold collective action. The XXIV St. Petersburg International Economic Forum was held on June 2-5, 2021. [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. Keep reading to take a look at how Davos works. As this infographic shows, most of the participants this year again come from the United States (674). Managing board members are Brge Brende, Julien Gattoni, Jeremy Jurgens, Adrian Monck, Sarita Nayyar, Olivier M. Schwab, Saadia Zahidi, and Alois Zwinggi. . St. Petersburg International Economic Forum - Wikipedia Create a free account and access your personalized content collection with our latest publications and analyses. The oldest attendee is naturalist and narrator David Attenborough at 92 years old. An orange badge means you're just a run-of-the-mill working journalist. 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. [103] In 2018, WEF announced that one project within this initiative was to be the Earth BioGenome Project, the aim of which is to sequence the genomes of every organism on Earth. It's not easy to put on an event that will be attended exclusively by the world's richest and most powerful people. ^xijR"_gFJ?b,s But what we are very proud of now is the young generation like Prime Minister (Justin) Trudeau We penetrate the cabinet. The higher tiers have annual fees ranging up to 600,000 Swiss francs ($620,000). At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho. [citation needed], Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. When publishing one of these graphics, Other public figures planning to attend include: For the most-represented nations, however, the majority of attendees are not public officials. Before that, the 2021 meeting could take place online only. Membership and partnership fees range from $65,000 to $650,000, "depending on the level of engagement," per WEF.. [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. [124] In North America, New York has hosted the OneRise startup accelerator since 2021. World Economic Forum - Home Apologies - this section of our website is currently unavailable In the meantime, please use the contact information below for any website related inquiry or general questions. The foundation's founder Klaus Schwab draws a salary of around one million Swiss francs per year. Russia earlier this month asked social networks, including video-sharing app TikTok, tostop the spread of posts encouraging minors to take part in unsanctioned rallies in support of jailed Kremlin critic Alexei Navalny. What is a vaccine passport and will you need one the next time you travel? However, the most important thing that happens at Davos is networking. Access your favorite topics in a personalized feed while you're on the go. Much of the world shut down roughly two months later, and the 2021 . The World Economic Forum was founded in Switzerland in 1971. One of the methods is to achieve circular economy. For the uninitiated, the event is essentially a gathering of major world figuresheads of state, financiers, medical professionals, etc.who meet to discuss global plans. [105][106], The theme of the 2020 World Economic Forum annual meeting was 'Stakeholders for a Cohesive and Sustainable World'. 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. Approximately 140 companies have joined the initiative.[92]. 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. Joseph P. Schoendorf, H.M. Queen Rania Al Abdullah. 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. Each year, business leaders and heads of state give lectures and speak on panels about topics ranging from gender equality and venture capital to mental health and climate change. The Global Education Initiative (GEI), launched during the annual meeting in 2003, brought together international IT companies and governments in Jordan, Egypt, and India[87] that has resulted in new personal computer hardware being available in their classrooms and more local teachers trained in e-learning. Full Text: Special Address by Chinese President Xi Jinping at the World New research from the World Economic Forum and McKinsey lays out a road map to create the needed incentives. Global public health faced severe threat and the world economy was mired in deep recession. 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). [10] The WEF has also been the target of conspiracy theories. The Statista "Chart of the Day", made available 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. [14] Members of the board of trustees (past or present) include: Mukesh Ambani, Marc Benioff, Peter Brabeck-Letmathe, Mark Carney, Laurence D. Fink, Chrystia Freeland, Orit Gadiesh, Fabiola Gianotti, Al Gore, Herman Gref, Jos ngel Gurra, Andr Hoffmann, Christine Lagarde, Ursula von der Leyen, Jack Ma, Yo-Yo Ma, Peter Maurer, Luis Alberto Moreno, Muriel Pnicaud, H.M. Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan, L. Rafael Reif, David M. Rubenstein, Mark Schneider, Klaus Schwab, Tharman Shanmugaratnam, Jim Hagemann Snabe, Feike Sijbesma, Heizo Takenaka, Zhu Min. [123], In Entrepreneurship, Bucharest has hosted the Social Impact Award since 2009. We may earn a commission from links on this page. In 2011, more than 50,000 people voted for companies that acted irresponsibly. Can my employer make me get a COVID-19 vaccine? Marc Benioff, Jamie Dimon, Sheryl Sandberg, and Stephen Schwarzman are all scheduled to be there. What will new British PM Liz Truss do on LGBTQ+ issues? This report identifies three groups of solutions can act as accelerators for faster adoption: new policy frameworks, innovative financing and service models, and coordinated roll-out of trucks and infrastructure. In this edition of, Senior Partner and Managing Partner, Abu Dhabi, Senior Partner and Chief Legal Officer, New York. [18], Through the forum's first decade, it maintained a playful atmosphere, with many members skiing and participating in evening events. ", 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. [139], The Transnational Institute describes the World Economic Forum's main purpose as being "to function as a socializing institution for the emerging global elite, globalization's "Mafiocracy" of bankers, industrialists, oligarchs, technocrats and politicians. There will be at least 634 CEOs in Davos this year, or nearly one in four attendees. Davos is back and the world has changed. Have the global elite - CNN Abdullah told world leaders they had a"global responsibility"to. Hundreds of journalists from around the world will descend on Davos this week. Oxfam calls for a global tax overhaul to increase and harmonise global tax rates for corporations and wealthy individuals. The plan includes advancing circular economy. The resort town is a "veritable fortress" during the event, according toThe New York Times' Michael J. de la MercedandRussell Goldman. [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. A total of 159 people are expected from Switzerland and 137 from Germany. To secure a sustainable, inclusive future in a world of continuous, overlapping disruptions, leaders are recognizing the critical need to invest in long-term resilience. One of the top ten is Stanford University. 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. Does Statista also create infographics in a customized design? Davos will have dozens of billionaires and heads of state in. [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. [158] In a Guardian opinion piece, Cas Mudde said that such plutocrats should not be the group to have control over the political agendas and decide which issues to focus on and how to support them. 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. The GHI's mission was to engage businesses in public-private partnerships to tackle HIV/AIDS, tuberculosis, malaria, and health systems. 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