What does the World Economic Forum at Davos really do?
For years, critics have viewedof the World Economic Forum as a cabal of the rich and powerful, conspiring to bend the world to corporate interests.
– saying he opposes the WEF’s “socialist agenda” and declaring that, if elected prime minister, he would ban cabinet members and other top officials from any involvement with the forum.If the war in Ukraine and the global pandemic show us anything, it’s our interdependence. It’s tough for any country to succeed in a world that’s failing.
But new, powerful approaches have emerged that complement the work of nation-states. I was fortunate to lead a multi-million-dollar analysis of them under the auspices of the Rotman School for Management. We identified new organizational forms – namely, collaborative networks of civil society, private sector, government and individual stakeholders who are orchestrating large-scale co-operation, social change and even the production of global public value.
In 2020, the forum organized chief executive officers from large corporations to support the EU’s European Green Deal as part of the WEF’s Regional Action Group. Today, more than 30 companies have committed to take serious action on climate change.
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