World Economic Forum: Business, Religious Groups Vulnerable Help

  • A new Forum report provides examples of corporate partnerships with faith-based groups to support vulnerable populations and address interconnected global crises.
  • Faith in Action highlights projects covering topics such as the environment, just energy transition, health and healthcare, inclusive communities and technology management.
  • Many religious leaders and religious organizations participate in the annual meeting.
  • Read the report here. For more information about the 2024 Annual Meeting, visit www.weforum.org. Share on social media using #wef24.

Davos-Klosters, Switzerland, 17 January 2024 – New insights from a recent World Economic Forum report show how religious groups, including traditional religious institutions, interfaith alliances and faith-motivated investors, are forming innovative partnerships with the private sector to advance climate efforts measures, responsible technology and other areas.

Faith in actionproduced in collaboration with the World Evangelical Federation, Bhumi Global, the Council for Inclusive Capitalism, the Foundation for Religious Freedom and Business, the Abu Dhabi Peace Forum and others, it details eight case studies on the impact of technology on the environment, health, resilience and governance.

“Eighty-five percent of the world's population follows a religious or spiritual tradition, and world leaders must find new ways to engage with faith groups and others in civil society that are closest to the communities and solutions needed today,” said David Sangokoya, head of civil society impact. at the World Economic Forum. “The report considers how businesses can accelerate positive social impact together with religious actors through partnerships, and beyond what the world of faith can bring to driving corporate social impact, improving employee engagement and bridging ideological divides.”

For example, following several multi-stakeholder consultations convened by the Vatican, the Council for Inclusive Capitalism is bringing together key multinationals around the Just Transition Framework for Corporate Action, which supports companies in transitioning to net-zero economies by focusing on net-zero universal energy , workforce development, community resilience, and collaboration and transparency.

Through its Center for Technology and Society, the Anti-Defamation League works with major social media, technology and gaming companies to monitor, track and mitigate hate speech and harassment in online spaces.

The Transformational Business Network Alliance (TBN Alliance) works to promote entrepreneurial solutions to poverty in low-income communities and regions around the world through a large global collaborative multi-sector alliance.

“Multi-stakeholder collaboration is critical to addressing the climate and biodiversity crisis, and new partnerships with business and faith groups can help accelerate the momentum we need to create a prosperous and thriving world for generations to come,” said Gopal Patel, Co-Founder and CEO , Bhumi Global; Co-chairman of the United Nations Multifaith Advisory Council.

As part of its civil society communities and in its centers, the World Economic Forum includes more than 100 religious leaders, religious organizations, interfaith groups, interfaith networks and religious experts from more than 10 major world religions and spiritual traditions. Many religious leaders and religious organizations are participating in the 2024 Annual Meeting.

About the 2024 Annual Meeting of the World Economic Forum

The annual meeting of the World Economic Forum 2024, which will take place from 15 to 19 January in Davos-Klosters, Switzerland, convenes the most important world leaders under the theme “Rebuilding Trust”. Click for more information here.

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