Resilience Consortium

The COVID-19 pandemic, growing climate crisis and, most recently, the war in Ukraine and the ensuing refugee crisis, are the latest reminders of the unprecedented capacity of external shocks to disrupt economies and societies. These shocks – whether environmental, economic, geopolitical, or health-related – are only increasing in frequency and severity, making strengthening resilience an imperative to ensure sustainable and inclusive growth in the future. Building greater resilience has therefore become a defining mandate for this generation.

The Resilience Consortium brings together ministers, chief executives and heads of international organizations to accelerate collective action across key resilience drivers for the global economy. It provides a unique opportunity to business and public sector leaders to participate in a global effort to develop a deeper and more integrated perspective on resilience management. The main goal of the Consortium is to form the basis for all participating institutions to understand how to better anticipate, prepare and react to future disruptions.

The consortium aims to reach this goal through the following four objectives:

1.    Develop a common resilience framework for public- and private-sector organizations that can help them achieve more sustainable, inclusive growth. The common resilience framework provides the basis for developing stronger institutional capabilities – the elements of the new resilience muscle.

2.    Develop a shared understanding of the drivers of resilience and a prioritized resilience agenda to align public- and private-sector approaches and efforts. The prioritized agenda can also support current initiatives from the perspective of the wider resilience framework.

3.    Identify potential public-private partnerships to build more resilient societies and economies and take collective action to support sustainable, inclusive growth, prioritizing investments and scaling solutions that help mitigate risks for future shocks.

4.    Use leadership positions in the public and private sectors to advocate for a cultural change in organizations and societies, embracing risk and resilience, as society moves away from narrowly focused, short-term responses towards long-term value creation.

The Resilience Consortium works through a combination of collaboration with Forum resilience projects, interviews, surveys and research. Based on insights from relevant Forum initiatives, the aim is to build an integrated resilience agenda and foster closer alignment between existing initiatives and public-private stakeholders. The consortium will be supported by the Forum and McKinsey&Company.

Steering Committee Partners:

• AstraZeneca AB

• Gulf International Bank (UK)

• International Committee of the Red Cross (ICRC)

• McKinsey & Company

• Ministry of Finance of Saudi Arabia

• Ministry of Information Communication Technology and Innovation of Rwanda

• Ministry of International Cooperation of Egypt

• Palo Alto Networks

• Swiss Reinsurance Company Ltd

• Tradeshift

• United Nations Children's Fund (UNICEF)

• World Economic Forum Geneva

• Yara International ASA

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