Closing Remarks: The Road Ahead | DAVOS 2020 | Summary and Q&A

TL;DR

The 50th Annual Meeting of the World Economic Forum saw significant progress and initiatives in areas such as sustainable development, climate change, inclusive growth, and international collaboration.

Key Insights

• 🌍 International collaboration and public-private partnerships are crucial for achieving inclusive growth and sustainable development.
• 🥅 Common metrics and disclosures can enhance accountability and progress tracking in environmental, social, and governance goals.
• 🌍 Promoting entrepreneurship in Africa can contribute to economic growth and job creation.
• 💱 Equipping individuals with necessary skills is essential for addressing the challenges of the changing workforce.
• 💗 Restoring and growing trees is a significant step in combatting climate change and achieving environmental sustainability.
• 🫡 Reinforcing environmental stewardship and respect for human rights throughout the global battery value chain is essential.
• 🏦 The development of central bank digital currency and ethical governance of smart city technologies contribute to technological advancements with responsible governance.
• 🔊 Public-private alliances against cybercrime and principles combating high-volume cyber attacks are necessary for global cybersecurity.
• 🧑‍⚕️ Initiatives such as the partnership for LGBTQ+ inclusion and coalition for epidemic preparedness contribute to social inclusion and public health.

Transcript

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Questions & Answers

Q: What was the purpose of the International Business Council and what did it achieve?

The International Business Council, comprising 140 of the world's largest companies, supported the development of common metrics and disclosures for measuring private sector progress on environmental, social, and governance goals. This achievement will enable better tracking and accountability in these areas.

Q: What progress was made in promoting entrepreneurship in Africa?

The Davos Friends of Africa growth platform was launched, with the aim of reaching 1 million entrepreneurs by the end of 2020. This initiative received support from the presidents of Botswana and Ghana and will contribute to economic growth and job creation in Africa.

Q: What initiatives were undertaken to address the skills and work challenges?

The Risk Skilling Revolution was launched with the support of several countries and important companies, aiming to provide better education, skills, and jobs to a billion people by 2030. This initiative recognizes the importance of equipping individuals with the necessary skills for the changing workforce.

Q: How did the World Economic Forum contribute to combatting climate change?

The 1t.org initiative was launched to support efforts to grow, conserve, and restore 1 trillion trees by the end of the decade. This initiative received significant support, with commitments from Colombia, Salesforce, Pakistan, and other countries. Planting trees is crucial for carbon sequestration and mitigating climate change.

Summary & Key Takeaways

• The World Economic Forum partnered with various organizations and governments to develop common metrics and disclosures for measuring progress towards environmental, social, and governance goals.

• Initiatives were launched to promote entrepreneurship in Africa and provide better education, skills, and jobs to a billion people by 2030.

• Agreements were made to reinforce environmental stewardship, sustainable development, and respect for human rights in the global battery value chain.