World Economic Forum USA Annual Report

Transcription

1 World Economic Forum USA Annual Report

2 Contents 3 Management Committee s Statement 4 Projects and Initiatives 5 Publications 7 Meetings and Events 8 Governance and Leadership 10 Financial Results

3 Management Committee s Statement The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas. The World Economic Forum USA the North American affiliate of the World Economic Forum, a non-profit foundation headquartered in Geneva, Switzerland manages the Industry Partnership programme for a number of Partner companies, select Member companies that strongly support the Forum s mission to drive relevant and sustainable change for business and society. Together, these Partners identify, discuss and address their sector s critical issues through industry-specific initiatives, projects and task forces, as well as actively contribute to the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, and at other Forum events throughout the year. The Industry Partnership Programme, under which we serve companies from both the New York and Geneva offices, has reached 541 partnerships at the end of June 2014, an increase of 9% year on year. The New York office is directly responsible for 332 partnerships across 12 industries. The 462 companies that have engaged in these 541 partnerships participated in over 40 initiatives and projects, which address relevant issues on an industry, cross-industry and multistakeholder basis. In addition to meeting the membership needs of our Partner companies, the World Economic Forum USA serves as a hub for shaping the intellectual agenda that influences all of our work. World Economic Forum USA Annual Report

4 Projects and Initiatives Projects and initiatives that were led by the Forum USA during the fiscal year include: Accelerating the Development of Local Capital Markets Alternative Investments 2020 Connected World Data-Driven Development Disruptive Innovation in Financial Services Engaging Tomorrow s Consumer Enabling Trade Financial Inclusion Industrial Internet Long-Term Investing: Direct Investing in Illiquid Assets Mainstreaming Impact Investing New Models for Entrepreneurship New Vision for Agriculture New Vision for Education Norms and Values in Digital Media: Rethinking Intellectual Property in the Digital Era Partnering Against Corruption in the Aviation & Travel Industry Partnering for Cyber Resilience Risk and Responsibility in a Hyperconnected World The Future of Urban Development The Role of Finance in Society Rethinking Intellectual Property in the Digital Era The ways content and information are created, consumed and shared have changed dramatically in the digital era. As a result, it is important to identify and understand the norms, values and rules of the digital world and how they are changing. The World Economic Forum s Media, Information and Entertainment Industries community through the Norms and Values in Digital Media project is taking an in-depth look into intellectual property issues in the digital age to create a framework of guidelines and principles that can foster productive dialogue in the context of those changes. The goal is to help major stakeholders governments, policy-makers, businesses, civil society groups, creators and innovators engage in a dialogue to better understand each other s interests and to work together to create economic and social value while simultaneously developing a vibrant creative community. In 2013, project workshops and interviews produced a report, Norms and Values in Digital Media: Rethinking Intellectual Property in the Digital Age, which outlines shared goals by all relevant stakeholders, including industry leaders, government and individual creators. 4 World Economic Forum USA Annual Report

5 Publications Publications that were led by the Forum USA during the fiscal year include: Assessment of the Impact Investment Sector and Opportunities to Engage Mainstream Investors ( FromMarginsMainstream_Report_2013.pdf) Connected World: Hyperconnected Travel and Transportation in Action ( HyperconnectedTravelAndTransportationInAction_2014.pdf) Delivering Digital Infrastructure: Advancing the Internet Economy ( www3.weforum.org/docs/wef_tc_deliveringdigitalinfrastructure_ InternetEconomy_Report_2014.pdf) Engaging Tomorrow s Consumer: Project Report 2014 ( org/docs/wef_rc_engagingtomorrowsconsumer_projectreport_2014.pdf) Global Information Technology Report 2014 ( WEF_GlobalInformationTechnology_Report_2014.pdf) Norms and Values in Digital Media: Rethinking Intellectual Property in the Digital Age ( RethinkingIntellectualProperty_DigitalAge_Report_2014.pdf) Outlook on the Logistics & Supply Chain Industry 2013 ( weforum.org/docs/wef_gac_logisticssupplychainsystems_outlook_2013. pdf) Rethinking Personal Data: A New Lens for Strengthening Trust ( HyperconnectedTravelAndTransportationInAction_2014.pdf) Risk and Responsibility in a Hyperconnected World ( org/docs/wef_riskresponsibility_hyperconnectedworld_report_2014.pdf) Safeguarding Aviation and Travel Value Chains Against Corruption ( SafeguardingAgainstCorruption_Report_2014.pdf) Strategic Infrastructure: Steps to Operate and Maintain Infrastructure Efficiently and Effectively ( StrategicInfrastructureSteps_Report_2014.pdf) Technology Pioneers 2014 ( pioneers-2014/wp-content/blogs.dir/25/mp/uploads/pages/files/tp2014- brochure.v1.pdf) The Global Enabling Trade Report 2014 ( WEF_GlobalEnablingTrade_Report_2014.pdf) The Role of Financial Services in Society: A Multistakeholder Compact ( Compact_Report_2013.pdf) More information on these reports is available on the Forum s website at World Economic Forum USA Annual Report

6 Global Information Technology Report This year marks the 13th edition of the Global Information Technology Report, a report which provides a comprehensive assessment of networked readiness, or how prepared an economy is to apply the benefits of information and communications technology (ICT) to promote economic growth and well-being. This year s report ranks the progress of 148 economies in leveraging ICT to increase productivity, economic growth and the number of quality jobs. The rankings also show how far some countries have gone in bridging the digital divide not only in terms of developing ICT infrastructure, but also in terms of economic and social impact and highlight the main strengths and weaknesses countries are facing. Finland (1st), Singapore (2nd), Sweden (3rd), the Netherlands (4th), Norway (5th) and Switzerland (6th) all retained their positions from last year. The United States (7th) continued its upward trajectory, while Hong Kong SAR (8th) and the Republic of Korea (10th) both climbed in the ranking. The United Kingdom (9th) was the only nation in the top 10 to fall. Download the Global Information Technology Report 2014 at weforum.org/docs/wef_globalinformationtechnology_report_2014.pdf Meet the Forum s Technology Pioneers Thirty-six of the world s most innovative technology start-ups were selected in 2014 as World Economic Forum Technology Pioneers companies that have been recognized for their potential to transform the future of business and society. Some of this year s Tech Pioneers are being acknowledged for their efforts to cure genetic diseases, provide affordable drinking water and enable access to higher education, as well as to create innovative approaches to distributing natural light in buildings and offering wireless charging for electronic devices. Since 2000, more than 550 companies have been selected as Technology Pioneers. Previous companies include Google (2001), Mozilla Corporation (2007), Wikimedia (2008), Twitter (2010), Dropbox (2012) and Kickstarter (2012). Download the Tech Pioneers profiles at 6 World Economic Forum USA Annual Report

7 Meetings and Events The World Economic Forum USA specializes in supporting our global membership and participants at our many regional events throughout the year, and particularly at our Annual Meeting in Davos-Klosters, Switzerland. In addition, the Forum USA organizes numerous high-level meetings in New York each year to support the work of our constituents. This includes the annual Industry Partnership Strategy Meeting in the fall, which brings together select Member companies that are actively involved in the Forum s mission at the industry level. Other events that took place in the New York office in include: July 2013 Launch of the Human Capital Report 2013 B-Corp Discussion with Jack Markell, Governor of the US State of Delaware August 2013 Strategy Meeting of the Forum s Partnering Against Corruption Initiative (PACI) September 2013 Leadership Council Meeting Launch of the Impact Investing report Foundation Partners Dinner Visit of Juan Manuel Santos, President of Colombia, with business leaders during the UN General Assembly December 2013 Delivering on Digital Infrastructure Working Group Workshop January 2014 Pre-World Economic Forum Annual Meeting 2014 press briefing March 2014 Young Global Leaders Breakfast with World Economic Forum Founder and Executive Chairman Klaus Schwab Project Advisory Group (PAG) meeting with Forum Strategic Partners Centre for Global Industries (CGI) Strategy Meeting April 2014 Launch of the Global Information Technology Report 2014 May 2014 Global Agenda Council on Design reception Interactive workshop on strategies to eliminate deforestation from commodity production June 2014 Healthy Living working group meeting World Economic Forum and Rhode Island School of Design (RISD) workshop on data October 2013 Gender Parity Workshop Industry Partnership Strategy Meeting Launch of the Financial Development Report 2013 November 2013 Impact Investing 2.0 reception 01: Sarita Nayyar, Managing Director, World Economic Forum USA, addresses participants at the Gender Parity Workshop 02: Juan Manuel Santos, President of Colombia, visits the office of the World Economic Forum USA in New York World Economic Forum USA Annual Report

8 Governance and Leadership Incorporated as a non-profit business league (approved 501(c)6 of the IRS code) and based in New York, the World Economic Forum USA is impartial and not-for-profit; it is tied to no political, partisan or national interests. It is the North American affiliate of the World Economic Forum, a non-profit foundation headquartered in Geneva, Switzerland, under the supervision of the Swiss Federal Government ( Forum USA Management Committee Jean-Pierre Rosso, Chairman Sarita Nayyar, Managing Director Giancarlo Bruno, Senior Director, Head of Financial Services Industries Michael Drexler, Senior Director, Head of Investors Industries Alan Marcus, Senior Director, Head of Information and Communication Technology Industries John Moavenzadeh, Senior Director, Head of Mobility Industries Members of the Board Chairman Jean-Pierre Rosso, Chairman, World Economic Forum USA Directors Alfred R. Berkeley, Chairman, Princeton Capital Management, Inc., USA Samuel A. Di Piazza Jr, Chairman, Mayo Clinic, USA William W. George, Professor of Management Practice, Harvard Business School, USA 8 World Economic Forum USA Annual Report

9 Robert Greenhill*, Managing Director and Chief Business Officer, World Economic Forum, Switzerland Shirley Ann Jackson, President, Rensselaer Polytechnic Institute, (RPI), USA Klaus Kleinfeld, Chairman and Chief Executive Officer, Alcoa, USA Joseph P. Schoendorf, Partner, Accel Partners, USA Jim Hagemann Snabe**, Chairman, Centre for Global Industries, World Economic Forum Board Secretary Sarita Nayyar, Managing Director, World Economic Forum USA * Term ended July 2014 ** Joined board in July 2014 Senior Directors Marisol Argueta, Senior Director, Head of Latin America Giancarlo Bruno, Senior Director, Head of Financial Services Industries Lisa Dreier, Senior Director, Consumer Industries, Head of Food Security and Development Initiatives Michael Drexler, Senior Director, Head of Investors Industries Alan Marcus, Senior Director, Head of Information Technology and Telecommunications Industries John Moavenzadeh, Senior Director, Head of Mobility Industries Paul Smyke, Senior Director, Head of North America Directors Matthew Blake, Director, Financial Services Industries, Head of Banking and Capital Markets Industry Maha Eltobgy, Director, Head of Private Investors, Investors Industries Danil Kerimi, Director, Information and Communication Technology Industries Abel Lee, Director, Financial Services Industries, Head of Insurance and Asset Management Industries Annie Luo, Director, Media Entertainment and Information Industries Richard McGlone, Director, Deputy Head of Partnership Silvia Von Gunten, Director, North America Membership Irwin Mendelssohn*, Director, Head of Institutional Investors, Investors Industries Alex Mitchell, Director, Head of Automotive Industry, Mobility Industries Derek O Halloran*, Director, Head of Information Technology Industry, Information and Communication Technology Industries Tiffany West, Director, Forum Academy, Head of Strategy and Business Development * Appointed in July 2014 At the close of the fiscal year, the New York-based team consisted of 107 staff. This includes 11 secondees based in our New York office from Partner companies, which consist of management consulting firms, financial services firms and others. The Forum USA gratefully acknowledges those Partner companies that have lent their personnel to support particular projects and initiatives, providing the opportunity for even closer collaboration and engagement. World Economic Forum USA Annual Report

10 Financial Results The World Economic Forum USA s financial results for the fiscal year exceeded the budget, resulting in a net contribution of $7.2 million from $51.5 million in revenues, giving the organization an even greater opportunity to invest in work providing impact for our Partners and Members and in support of our mission. We are pleased to note that accumulated reserves have increased to $33.0 million, and therefore we have much greater flexibility to invest in projects and efforts intended to benefit our core constituents and contribute to public discourse. The Forum USA s primary source of financial support remains its membership and partnership dues paid by the Forum s Industry Partners and Industry Associates, which rose from $41.7 million in to $43.6 million in This growth was fuelled by the continued increase in Partners. All Forum USA financials are reported in US dollars consistent with US GAAP and audited annually by PricewaterhouseCoopers. The figures below are derived from the Forum USA s audited financial reports. Year Total income 51,531,838 48,324,380 46,044,199 40,461,716 34,534,470 out of which Partnership revenue 43,616,302 41,682,536 39,308,034 33,899,613 29,540,892 Other income 7,915,536 6,641,844 6,736,165 6,562,103 4,993,578 Total expenditure 44,332,639 42,157,955 39,603,672 33,798,757 28,951,742 out of which Personnel costs 16,271,188 15,216,355 14,301,118 11,846,017 9,694,030 Office costs 4,163,735 3,884,523 3,866,488 3,222,714 3,342,582 Activity-related costs 23,897,716 23,057,077 21,436,066 18,730,026 15,915,129 Net contribution 7,199,199 6,166,425 6,440,527 6,662,959 5,582,728 Accumulated reserves 33,029,649 25,830,450 19,664,025 13,223,498 6,560,539 All key figures are in US$ 10 World Economic Forum USA Annual Report

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12 The World Economic Forum is an international institution committed to improving the state of the world through publicprivate cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations. World Economic Forum USA 3 East 54th Street, 18th Floor, New York, NY 10022, USA Tel.: Fax: