UN Global Compact Communication on Engagement 2022-2024

In terms of public value creation, the Forum’s New York team, as part of the Consumers Beyond Waste initiative, developed a Framework for Standardized Reuse Measurement, enabling companies to measure progress on reuse in a harmonized way. The Global Shapers Community celebrated a milestone, surpassing the goal of 500 city-based Hubs, creating positive action in more than 150 countries and territories. UpLink, the Forum’s platform for building an innovation ecosystem around key thematic focus areas, ran 20 Innovative Challenges across different topic areas, including, but not limited to, nature, ocean, water, the circular economy, food systems, plastic pollution, humanitarian response and urban transformation, protecting 56 million hectares of habitat, collecting 23,000 metric tonnes of plastic from the ocean and treating 350 million litres of wastewater. More broadly, the Forum mobilized its convening power to support nature, climate, economic transformation and technology initiatives, including new efforts this year to address nature loss and freshwater availability. reusable furniture and plants were offered to the community through the GreenUp initiative. In the last year, the Forum also performed an ESG-focused due diligence screening on most of its suppliers as a one-time exercise to increase supplier data availability and quality as well as to improve ESG reporting quality for metrics related to procurement. With respect to its UN Global Compact membership, the Forum used these same metrics to produce its own ESG report, which was released together with the Annual Report 2022-2023. The Forum will maintain its UN Global Compact communication on engagement to help stay focused and continuously improve on these topics. Prosperity Social value creation is at the heart of the Forum ’s mission. In the last year, it maintained its significant indirect economic impact thr ough the work of its Centres and events to promote collaboration between civil society, government and business leaders in the service of enhancing socioeconomic progress. Additionally, in the reporting period, the Forum ’s investments in its One Digital strategy and the Global Collaboration Village helped Forum communities pursue their efforts to tackle the world’s most complex challenges more efficiently. At such events as the World Economic Forum Annual Meeting , the Forum supported the prosperity of the area ’s local communities. For example, collaboration with Davos restaurants helped fund local youth group initiatives while non- Børge Brende President, World Economic Forum