Serves as Asias coleader and Japans leader for McKinsey Sustainabilitythe firms global client service platform to help all Get McKinseys latest insights in your areas of interest through our curated e-mail newslettersdelivered daily, weekly, or monthly. The article concludes that the recovery from the pandemic should be linked to nature recovery. Heres where (and how) you are most likely to catch COVID-19 as per a new study, Trish Greenhalgh, Jose-Luis Jimenez, Zhe Peng and Shelly Miller. But more objects in space also mean more space debris and higher risks of collisions. due to the COVID-19 pandemic. [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". It is a counter-event to the annual meeting of the World Economic Forum (WEF) in Davos. 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 . You can unsubscribe at any time using the link in our emails. ", "The data of Davos - Who's on the Magic Mountain? b VtVAe{j:Uq6p\PRo M[>nPmCiSl`P.=8B42eleJs2nXB<40e|sf [110][111], In April 2020, the forum published an article that postulates that the COVID-19 pandemic is linked to the destruction of nature. 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. Rooms at two of the most popular hotels among attendees, the Belvedere and the InterContinental, rented for $231 and $392 on nights in January 2020, their websites show. For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. 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". 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. 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. [73], The group of Young Global Leaders[74] consists of 800 people chosen by the WEF organizers as being representative of contemporary leadership. [56], At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. 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. [147][148], Several women have since shared their personal impressions of the Davos meetings in media articles, highlighting that issues were more profound than "a quota at Davos for female leaders or a session on diversity and inclusion". The Statista "Chart of the Day" currently focuses Over 100 countries and regions are represented this year at Davos. 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. But in fixating so much on this one segment of value creation, we may be collectively overlooking an even bigger opportunity: the incumbent business as a startup machine. [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. Here are key talking points you may have missed: The economic toll of the coronavirus pandemic lent a new urgency to this year's WEF conference. Context provides news and analysis on three of the worlds most critical issues: climate change, the impact of technology on society, and inclusive economies. Addressing these disruptions cannot be done in a piecemeal mannerwe must confront them systemically. Ten organizations have seven or more participants registered. Under the Gleneagles Dialogue on Climate Change, the U.K. government asked the World Economic Forum at the G8 Summit in Gleneagles in 2005 to facilitate a dialogue with the business community to develop recommendations for reducing greenhouse gas emissions. Managing board members are Brge Brende, Julien Gattoni, Jeremy Jurgens, Adrian Monck, Sarita Nayyar, Olivier M. Schwab, Saadia Zahidi, and Alois Zwinggi. non-commercial websites. With the backdrop of Brexit, an incoming protectionist US administration and significant pressures on free trade zones and trade agreements, Paramount leader Xi Jinping defended the global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes. [72] The Premier of China has delivered a plenary address at each annual meeting. [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. The oldest attendee is naturalist and narrator David Attenborough at 92 years old. [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). Simply copy the HTML code that is shown for the relevant statistic in order to integrate it. [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. 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. 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). But the 2021 meeting has been postponed to "early next summer" because of the coronavirus pandemic, WEF announced Tuesday. The project is funded by private and governmental donors, with an initial investment of US$460m from the governments of Germany, Japan and Norway, plus the Bill & Melinda Gates Foundation and the Wellcome Trust. Meetings are held in Africa, East Asia, Latin America, and the Middle East. It's impossible to access the resort town during the event without an invitation from the WEF. "WEF" redirects here. A materially well-endowed milieu would in this context try to "cement its dominance of opinion and sedate ordinary people with maternalistic-paternalistic social benefits, so that they are not disturbed by the common people when they steer". [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. For other uses, see, It may require cleanup to comply with Wikipedia's content policies, particularly, Environmental footprint of annual meetings, Corporate capture of global and democratic institutions, Non-accreditation of critical media outlets, Quoted by Bill Browder, CEO Hermitage Capital Management, ABC Radio [20 Jan 2023], Learn how and when to remove these template messages, Learn how and when to remove this template message, Center for the Fourth Industrial Revolution, United Nations Economic and Social Council, H.M. Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan, Schwab Foundation for Social Entrepreneurship, Coalition for Epidemic Preparedness Innovations, Swiss Agency for Development and Cooperation, Platform for Accelerating the Circular Economy, National Institute for Public Health and the Environment, Department for Environment, Food and Rural Affairs, Ministry of Infrastructure and Water Management, Anti-WEF protests in Switzerland, January 2003, Congregation for the Doctrine of the Faith, St. Petersburg International Economic Forum, "Are the days of Davos man and woman really over? 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. Feel free to contact us anytime using our contact form or visit our FAQ page. The Forum welcomed more than 1,500 attendees from 50 countries. This site is archived: Visit Context for Some attendees elect to rent chalets for themselves and their staff, which can cost up to $140,000 for the week, The Times reported. . 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. He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD". Appraising the 1981 event, one attendee noted that "the forum offers a delightful vacation on the expense account. Approximately 5% of the conference's 2,000-person guest list are billionaires, Bloomberg reported. 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 . "[19], Political leaders soon began to use the annual meeting as venue for promoting their interests. The World Economic Forum (WEF) postponed its annual meeting in Davos-Klosters, Switzerland from January 2021 to "early next summer." Countless business leaders, 53 heads of state, and a. But youve now had more than three decades of blah blah blah. Activists say China's new Silk Road equips autocrats with spy tech, worlds 1,000 richest people recouped their losses. same. Anyone coming to represent a company is charged 27,000 Swiss francs ($28,000) to attend, while activists and political leaders can come free of charge. North Korea has not been attending the WEF since 1998. The World Economic ForumMcKinsey knowledge collaboration on the decarbonization of cement looks to lower emissions through circularity solutions and reducing the need for new virgin components. This page was last edited on 1 May 2023, at 14:48. H[o6 ;4($ ^s i+!EQ6'vt8T3i>{w=EL-CrX*(foGx Mohammad is a strategist with several years of experience in innovation, projects management, and community-based solutions. Even though the main conference has been rescheduled, WEF still plans to host a series of digital discussions on their original dates in January. ", "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. [112], The Network of Global Future Councils meets annually in the United Arab Emirates and virtually several times a year. The world was a dynamic place in 2022, with the Ukraine war, inflation, climate change, supply chain challenges, and COVID-19 dominating our attention. Central bankers are level three. The systems-wide change needed to create circularity in the automotive sector and sometimes seem costly and prohibitive. Performance must be measured not only on the return to shareholders, but also on how it achieves its environmental, social and good governance objectives. As we prepare for a new year and the World Economic Forums Annual Meeting in January, what themes in business, economics, and policy can we expect to surface at Davos 2023? Can I integrate infographics into my blog or website? This year, there is only one G8 leader: Olaf Scholz, the chancellor of Germany. Something went wrong. [131], During the late 1990s, the WEF, as well as the G7, World Bank, World Trade Organization, and International Monetary Fund, came under heavy criticism by anti-globalization activists who claimed that capitalism and globalization were increasing poverty and destroying the environment. [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. Global public health faced severe threat and the world economy was mired in deep recession. As this infographic shows, most of the participants this year again come from the United States (674). The WEF has publicized the attendees to varying degrees in recent years. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. that global integration is here to stay, albeit with nuance. Who are the participants at the 2023 World Economic Forum meeting? The annual meeting of the World Economic Forum (WEF), or Davos as it's more commonly known, kicked off Tuesday in Switzerland. [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. This set of recommendations, endorsed by a global group of CEOs, was presented to leaders ahead of the G8 Summit in Toyako, Hokkaido, Japan held in July 2008. The mountain town of Davos awaits an influx of business leaders. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, and attempted to reassure the world that Brazil is a protector of the rain forest while utilizing its resources for food production and export.