'The renaissance of the world': Davos unique dual-mode summit to kick off 2021

The renaissance of the world requires the conclusion of a new social contract, focusing on human dignity and social justice, and promoting the common development and progress of society and economy

?The global public health crisis has exposed long-standing economic and social ills and triggered a societal crisis where people desperately need decent and meaningful work

?This unique summit will be held in both offline and online modes, connecting global dignitaries and business leaders gathered in Davos with stakeholders from more than 400 cities around the world, for a young generation Forward-looking conversations driven by

Geneva, Switzerland, June 3, 2020 – The World Economic Forum will host a unique dual-modal summit in January 2021 on the theme “Renaissance of the World”. The 51st World Economic Forum Annual Meeting will be held in both offline and online formats, bringing together leaders from governments, businesses and social organizations around the world and stakeholders from around the world in a unique way

The Prince of Wales said: “To secure the future and prosperity of humanity, we need to transform our economic model to put people and the planet at the heart of global value creation. If the most important lesson to be learned from this crisis is to Nature is at the center of the functioning of human society. We can no longer waste time.”

UN Secretary-General António Guterres said: "The 'Renaissance of the World' shows that this human tragedy is a wake-up call for us. We must build more equitable, inclusive, sustainable and resilient economy and society in response to pandemics, climate change and the many other global changes we face.” Schwab added: “We must embark on a world renaissance movement to create a new social contract that ensures respect for every The human dignity of every individual. This global health crisis has revealed the unsustainability of the old system: lack of social cohesion, equal opportunity and inclusion. We cannot turn a blind eye to the evils of racism and discrimination. We need to build generational in a new social contract international responsibility to ensure we live up to the expectations of young people."

He said: “The Covid-19 pandemic has accelerated our transition to the era of the Fourth Industrial Revolution. We must ensure that new technologies in the digital, biological and physical worlds remain people-centred and serve society as a whole, providing everyone with a fair chance. "

"This global pandemic has once again demonstrated how interconnected human societies are. We must restore an efficient and intelligent global cooperative system to meet the challenges of the next 50 years. 'The renaissance of the world' requires us to bring all stakeholders across the globe back together. Integrate into communities with shared interests, goals and actions.” Schwab said, “We need to change the way we think, from short-term thinking to long-term thinking, from a shareholder model to stakeholder accountability. Environmental, social and Good governance must be an essential part of corporate and government accountability."

This highly innovative summit will be a special annual meeting reflecting the spirit of "world renaissance". This session will provide a rare opportunity to bring together global dignitaries and business leaders in Davos in early 2021, but the main driving force of this global multi-stakeholder summit is the younger generation to ensure that the "Renaissance of the World" dialogue goes beyond The boundaries of traditional thinking, with true forward thinking.

His Royal Highness The Prince of Wales and Professor Schwab announced the World Renewal initiative in a virtual meeting, followed by UN Secretary-General António Guterres and IMF Managing Director Christalina Gerrard Kristalina Georgieva spoke.

Stakeholder groups around the world supported their statements, including Victoria Alonsoperez, founder and CEO of Uruguay Chipsafer and Young Global Leader; Caroline Anstey, President and CEO of American Compact; and Ajay, CEO of Mastercard USA S. Banga; Sharan Burrow, Secretary General of the International Trade Union Confederation in Brussels; Ma Jun, Director of the Green Finance Professional Committee of the China Society for Finance and Banking and Member of the Monetary Policy Committee of the People's Bank of China; Bernard Looney, CEO of BP; Juliana Rotich, Venture Partner, Atlantica Ventures, Kenya ; Bradford L. Smith, President, Microsoft, USA; Nick Stern, Director, Grantham Institute for Climate Change and Environment, UK.