Davos 2023: Why the World Economic Forum in 2023 matters more than ever

The 2023 World Economic Forum gathering brought together a record number of leaders from governments, businesses, and civil society, including Shell, Amazon, and Accenture, to discuss the priorities for the year ahead, debate possible outcomes, and come up with solutions in the spirit of openness and inquiry.

The WEF announced the inclusion of nine additional industrial clusters from Europe, Asia, and North America to its Transforming Industrial Clusters Towards Net Zero initiative. The project intends to bring together 100 industry clusters in order to attain net-zero commitments by the middle of the century.

Tracy Francis, Senior Partner and CMO of McKinsey reflects on the WEF 2023 gathering: “We estimate that to reach net-zero emissions, the world must invest $3.5 trillion more each year than it currently invests. Great companies and leaders won’t let today’s challenges deter them from making the big decisions and investments needed to accelerate the transition.”

Source: Sustainable Brands
Image: Dominik Ruhl