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World Economic Forum holds meeting in Riyadh (2024)

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See also: Environmental, social, and corporate governance (ESG)

May 7, 2024

The World Economic Forum (WEF) held a meeting last week in Riyadh, Saudi Arabia, where more than 1,000 attendees, including BlackRock CEO Larry Fink, discussed goals and policies related to ESG:

Inclusive growth, global collaboration and energy for development were the three core themes of the World Economic Forum's Special Meeting. More than 1000 global leaders and experts came together to address some of the most pressing global issues, including highlights involving sustainability policy and green energy transition. …

'Inclusive growth is not just a lofty ideal, it is a categorical imperative,' said Faisal Alibrahim, Minister of Economy and Planning of Saudi Arabia, steering the importance of a global economy that works for all. 'This means investing in people, in their skills, in their education, and in their well-being.'

'With the geopolitical and socio-technological churn underway today, companies are being asked to fill the void on social and other issues that policy has not dealt with', said Peter Orszag, Chief Executive Officer of Lazard. He called for better policy-making to deal with the social challenges and economic twists of the energy transition. 'It is going to be expensive and it is going to be hard,' he added.[1]

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  1. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.