The WEF's mission is stated as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The meeting brings together some 3, business leaders, international political leaders, economists , celebrities and journalists for up to five days to discuss global issues , across sessions. The organization also convenes some six to eight regional meetings each year in locations across Africa, East Asia, Latin America, and India and holds two further annual meetings in China and the United Arab Emirates. Beside meetings, the organization provides a platform for leaders from all stakeholder groups from around the world — business, government and civil society — to collaborate on multiple projects and initiatives. The World Economic Forum and its annual meeting in Davos are criticised regarding the public cost of security, the formation of a wealthy global elite without attachment to the broader societies, undemocratic decision processes, gender issues and a lack of financial transparency. In the summer of , Schwab invited executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Events in , including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Yom Kippur War , saw the annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January
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Pioneers of Change Summit
The World Economic Forum engages leaders from all facets of society—business, politics, academia, and beyond—to shape global, regional, and industry agendas and drive positive change. As a strategic partner of the World Economic Forum, BCG joins a select group of about global companies closely aligned with the Forum's commitment to improving the state of the world. As a strategic partner, we do even more. The goal of this work is to engage stakeholders, improve policymaking, inform business decisions, and share best practices. Each year, BCG attends Davos alongside global business, government, social sector, academic, and media leaders. We take this opportunity to learn from our peers, connect with clients, and contribute our own thought leadership on an international stage. The latest climate science is clear and makes the imperative for climate action indisputable. This project aims to create a fact-based, ambitious, unequivocal call for accelerated climate action, highlighting the roles of corporations and governments.