The purpose of the World Economic Forum is to improve the state of the world. Though dominated by global leaders, some motivated by geopolitical interests, the forum does drive economic policies that affect family office enterprises and investments in the short to medium term. Below are the four themes discussed at Davos 2024:
Tackling climate change and building new energy systems
This year’s most urgent theme dealt with tackling climate change, specifically achieving carbon neutrality by 2050. Global leaders emphasised creating a proactive positive impact, referred to as “regeneration,” rather than solely avoiding a negative one.
For the family offices, the main takeaway from this theme should be to consider further maximising their impact. That means exploring activities like impact investing, coordinating philanthropic efforts with investment strategies, and encouraging collaboration across generations to contribute to a more equitable and sustainable future that benefits the planet.