Schwab Foundation for Social Entrepreneurship Annual Report 2024 2025

Social Innovation in Action This session highlighted the growing role of social innovation in tackling global challenges. Leaders from various sectors discussed the evolution of social business and its economic impact. Nobel laureate Muhammad Yunus emphasized shifting from wealth concentration to problem-solving through social business, evolving from microcredit to healthcare and education. Panellists Nicola Galombik, Executive Director of Yellowwoods, and Parks Tau, Minister of Trade, Industry and Competition in South Africa, highlighted the need for collaboration between businesses, governments and social enterprises to support social entrepreneurship. Barbara Frei of Schneider Electric showcased how corporations can embed social business into their operations, driving job creation and CO2 reduction. Rise Ahead Pledge signatories have already invested $277 million in social innovation, reflecting growing private-sector commitment. This session was moderated by Raj Kumar, President and Editor-in-Chief of Devex, and featured remarks by Hilde Schwab. Session is available to watch here. Image: Featured distinguished panellists, Nobel Laureate and former Schwab Foundation Board Member Muhammad Yunus, this session highlighted the growing role of social innovation in tackling global challenges. Credit: World Economic Forum / Jakob Polacsek 36 Schwab Foundation Annual Report 2024–2025