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Published: 9 September 2024

Annual Report 2023-2024

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The Forum’s 10 centres develop initiatives, communities and insights that further the Forum’s mission to improve the state of the world. They typically bring together multiple parties, from government to business, academia, civil society groups and experts, all of whom, like the Forum, seek to address and make progress in tackling the world’s most pressing challenges.

Currently, our initiatives and communities are pursuing work in areas such as advanced manufacturing, the nature economy, health and the future of jobs. The following section showcases three examples of the set of initiatives underlying our work on decarbonization, gender parity and technology governance.

Our Work on Net Zero

As the climate crisis intensifies and its global impacts accelerate faster than models forecast, the Forum is taking a holistic approach to help create an inclusive, net-zero and nature-positive future. It is doing this through several initiatives, including those listed below.

Alliance of CEO Climate Leaders

This alliance is the world’s largest community of chief executive officers and senior executives dedicated to net-zero emissions. Its objective is to develop a network of business leaders who have the ability to accelerate the pace of climate action. Its members seek to achieve this by setting science-based targets, disclosing emissions and promoting decarbonization and partnerships throughout global value chains.

The alliance has three action pillars: aligning corporate climate ambition with scientific requirements, working with chief executive officers to deliver near-term strategy transformation and engaging with policy to create an enabling environment for climate action. The first holds members accountable, with the aim of aligning with the 1.5°C target – in joining the alliance, members must meet criteria related to disclosures and target setting. The second pillar supports and connects members in different geographies and industries to share knowledge, demonstrate emissions reductions and boost collective action. The final pillar involves corporate climate policy engagement to shape a global enabling environment for the net-zero transition.

More than 100 chief executive officers and senior executives from the alliance signed an open letter in October 2023, ahead of the 28th Conference of the Parties (COP28) summit. The letter proposed three areas for government action: making huge investments in green energy and the supporting grid, buying from companies that adhere to net-zero targets and supporting carbon capture technologies.

At the Annual Meeting 2024, the alliance released a report, Bold Measures to Close the Climate Action Gap: A Call for Systemic Change by Governments and Corporations, which suggested that individual action was insufficient to reach climate goals and called for stronger government action. Overall, the report laid out 10 high-impact measures for government and business to take to help close the 600 gigatonne (Gt) gap in emissions reductions and, in doing so, remain on course to meet the 1.5°C target.

In November 2023, the alliance launched its Scope 3 upstream action plan – an unprecedented effort to accelerate decarbonization in the most challenging emissions scope through collaborative action throughout value chains. Alliance member companies with a combined upstream Scope 3 footprint of more than 0.5 Gt – more than the annual emissions of Australia – endorsed the action plan as guidance.

Financing the Transition to a Net-Zero Future

More than $130 trillion of private capital is committed to net zero, but the decarbonization solutions necessary to transition hard-to-abate sectors are underfunded.

This initiative aims to mobilize the capital needed to support the adoption of early-stage technologies that will support the net-zero transition. Its objective is to engage financiers from throughout the investment value chain, as well as energy, industrial and mobility companies, to pursue three important changes.

The first is to improve supply. Financing structures and de-risking mechanisms must be designed to demonstrate the commercial viability and bankability of decarbonization projects. Secondly, demand for solutions needs to increase. This can be achieved by identifying and using the power of financial institutions to support companies and their purchasing power for decarbonization solutions. The third point is to enable investment by creating a conducive environment with policy-makers.

During the reporting period (30 June 2023-30 June 2024), the initiative released three reports. The first, Finding Pathways, Financing Innovation: Tackling the Brazilian Transition Challenge, sought to highlight how Brazil – through developing new financial instruments, mobilizing private funding and developing a national taxonomy – should pursue its transition journey.

The second, Policy Action to Mobilize Climate Finance, and Market Responses, highlighted how public action can improve the commercial viability of net-zero investor opportunities. It considered three priority roles for the public sector: driving action through incentives and penalties, creating certainty with a stable regulatory environment, and setting better standards for investment in climate solutions.

The third paper, Scaling Clean Technology Offtakes: A Corporate Playbook for Net Zero, proposed a playbook for enhanced corporate engagement in scaling net-zero solutions and highlighted various corporate offtake agreements to stimulate demand for sustainable aviation fuel and green hydrogen. This approach is critical for scaling up these technologies and strengthening the private sector demand signal of initiatives like the Forum’s First Movers Coalition (FMC).

Our Work on Artificial Intelligence Governance

The Forum’s work on artificial intelligence (AI) promotes responsible and ethical development. The AI Governance Alliance brings together leaders from various sectors, including business, government, academia and civil society, to create frameworks and guidelines for AI governance. The alliance focuses on ensuring transparency, inclusivity and accountability in AI systems, as well as facilitating collaboration and innovation while addressing potential risks and societal impacts. Through its efforts, the alliance seeks to build a sustainable and trustworthy AI ecosystem that benefits all stakeholders globally.

AI Governance Alliance

Launched in June 2023, following the Responsible AI Leadership Summit, the alliance quickly grew to more than 350 members from over 270 organizations in the reporting period. It is committed to establishing global best practices for AI governance, ensuring that technological advancements contribute to societal well-being and are guided by a strong commitment to diversity and ethics.

The alliance’s early efforts have been connected to The Presidio Recommendations on Responsible Generative AI, released in June 2023. These recommendations provide guidelines for approaching critical issues in AI governance. They cover the ethical use of generative AI, emphasizing responsible innovation, international cooperation and societal benefits.

The alliance has three primary workstreams, which, in combination, address diverse areas of AI governance. The aim is to lay a foundation that promotes responsible AI use while encouraging innovation.

The first workstream, Responsible Applications and Transformation, engages leaders from different industries and sectors, encouraging them to consider strategic implications and the novel opportunities and challenges that come with generative AI solutions. This work impacts how organizations responsibly integrate AI technologies, ensuring their applications align with ethical standards and promote sustainable innovation.

The second workstream, Resilient Governance and Regulation, unites public and private stakeholders with academia and civil society organizations to develop anticipatory governance mechanisms and durable institutions equipped to govern rapidly evolving AI technologies. This work influences the creation of robust regulatory frameworks and enhances societies’ ability to effectively manage AI risks and opportunities.

The third workstream, Safe Systems and Technologies, convenes chief science officers and AI producers with the aim of advancing consensus on technical governance approaches associated with advanced AI systems, such as multi-modal models and AI agents. This work affects the development of safety mechanisms and facilitates collaboration on best practices for AI system design and implementation.

In January 2024, the AI Governance Alliance released an inaugural briefing paper series, combining lessons from the three workstreams and guiding stakeholders towards coordinated AI governance strategies. The series emphasized multistakeholder collaboration, ethical considerations and proactive risk management to create a trustworthy AI ecosystem.

By prioritizing shared prosperity, the alliance is committed to uniting stakeholders globally to harness the benefits of AI while ensuring that AI governance remains a shared, equitable and inclusive endeavour that benefits all.

Our Work on Gender Parity

At the current rate of progress, closing the global gender gap will take 134 years, and the current economic context, coupled with technological and climate change, risks causing further regression. Significant gender gaps remain in several critical labour market outcomes and leadership positions, and while the share of women in leadership roles has risen steadily in recent years, this trend has shown signs of reversal since 2022. There are similar gender gaps across health, political participation and education. The Forum’s work on gender parity encompasses initiatives on tracking global progress, global- and country-level initiatives for accelerating the economic integration of women, identifying best practices from the private sector and a focus on women’s health.

Global Gender Gap Report

The Global Gender Gap Report annually benchmarks the current state and evolution of gender parity in four key dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment. It is the longest-standing index tracking the progress of countries’ efforts towards closing these gaps since its inception in 2006.

The report continues to serve as a guide for direction setting and prioritization throughout the Forum’s action-oriented gender parity work. The 2024 edition covered 146 countries and revealed overall slow progress, with year-on-year improvements in terms of economic participation and a deterioration in educational parity.

The largest gaps today are in political empowerment and economic participation, with only 22.5% of the gap closed in political empowerment and 60.5% in economic participation. These are also the areas where progress has been fastest since 2006, particularly driven by increases in women holding parliamentary and ministerial positions as well as professional and technical jobs. The Global Gender Parity Sprint aims to accelerate progress precisely in these areas.

Gender Parity Country Accelerators and Global Gender Parity Sprint

The Forum’s Gender Parity Accelerators are national-level public-private collaboration platforms that support countries in closing economic gender gaps while providing a global network to share successes and exchange findings. Each accelerator brings together ministers and chief executive officers as co-chairs and involves 50-100 of the largest national employers to advance women’s labour force participation, pay equity and leadership, and hardwire gender parity into the future of work.

When joining the Accelerators Network, countries also join a global community of impact and learning that is complemented and supported by global initiatives, peer communities, iterative dialogues and unique insight.

Gender Parity Accelerators have been set up in 15 countries to date, with Australia, Guatemala, Honduras, Kenya and Mexico joining the network in the last two years. The accelerators involve more than 95 public-sector and 1,265 private-sector partners, reaching close to one million women. Depending on national priorities, Gender Parity Accelerators are tackling structural issues such as access to quality and affordable childcare, social safety nets, flexible work arrangements and discriminatory social norms. They are also promoting pay transparency and enhancing work quality and pay standards, setting targets for women in leadership, creating workforce diagnostics and reskilling and upskilling initiatives to boost women’s employment in high-growth sectors.

To support global efforts to accelerate parity in economic participation and leadership by 2030, the Forum launched the Global Gender Parity Sprint at the Annual Meeting 2024. The platform brings together business, government and international organizations to mobilize around three measurable outcomes up to 2030. These outcomes are:

  • Closing gender gaps in business and labour markets
  • Driving systemic change in critical industries
  • Supporting parity considerations in the green, technology and care transitions

For each of the three outcomes, several possible pathways for progress will be shared, implemented and championed by the sprint community, bringing together Forum-led efforts, partner-led efforts, and public-sector-led and multistakeholder coalitions.

Diversity Equity and Inclusion Lighthouses

The Forum has worked with more than 70 companies on their diversity, equity and inclusion (DEI) journeys and, through its DEI Lighthouse Programme, identified and highlighted DEI initiatives globally.

The programme is an annual effort designed to pragmatically identify proven, effective DEI initiatives from companies in many different industries and geographies and share the valuable lessons learned. The aim is to equip leaders with best practices to help focus DEI efforts on what works best, ultimately contributing to the development of more resilient and inclusive economies.

The scope of the DEI Lighthouse Programme encompasses initiatives targeted at employees, suppliers, customers or the broader community, and it addresses any underrepresented group, including women, people of colour, LGBTQIA+ people and people with disabilities.

The Diversity, Equity and Inclusion Lighthouses 2024 report features the latest cohort of DEI initiatives selected by an independent expert panel for having achieved significant, scalable, quantifiable and sustained impact for one or multiple underrepresented groups. The DEI Lighthouse repository, comprising the 2023 and 2024 cohorts, currently includes 15 DEI Lighthouses and 13 cases highlighted for their promising and innovative design features.

The Global Alliance for Women’s Health

Women live longer than men but spend 25% more of their lives in poor health. This has profound effects not only on the individuals in question but on society at large, particularly in economic terms. Addressing the gender gap in women’s health has the potential to boost the global economy.

The Global Alliance for Women’s Health is a multisector platform that prioritizes, protects and promotes women’s health. It has three areas of focus: financing, science and innovation, and agenda setting. The first focus area seeks to unlock investment and explore different financing models to boost funding for women’s health. It supports progress for women’s health innovation and is keen to ensure it meets women’s diverse needs, preferences and lifestyles. Beyond this, it seeks to enhance global awareness of women’s health, focusing on disseminating data that illustrates the wide-ranging societal and economic effects of women’s health.

In January 2024, the alliance released the report Closing the Women’s Health Gap: A $1 Trillion Opportunity to Improve Lives and Economies. This report analyses the health conditions that uniquely or disproportionately affect women and quantifies the health gap today and the potential economic boom of bridging it tomorrow. Addressing shortcomings – which limit the ability of many women to engage in the workforce and earn a living for themselves and their families – could reduce the time women spend in poor health by almost two-thirds, improve the health outcomes and daily lives of over 3.9 billion people and could lead to a 1.7% increase in per capita gross domestic product (GDP).

Members of the alliance pledged $55 million to help improve women’s health outcomes, including $25 million in 2024 to overcome barriers and ensure equitable support for the categories of highest unmet need in generational and women’s health.

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