WEF2020: Our journey to a low-carbon economy
This year, the World Economic Forum (WEF) Annual Meeting in Davos-Klosters, Switzerland welcomed over 3,000 participants from across industries and geographies for its 50th edition. To coincide with this golden anniversary, a new Davos Manifesto was launched with the purpose of guiding companies through the fourth industrial revolution whilst strengthening, “stakeholder capitalism”.
As our 10th year attending the WEF Annual Meeting, Marwan Shakarchi, CEO at MKS (Switzerland) S.A., part of the MKS PAMP GROUP company joined the world’s top leaders for three days of discussion to shape the industry’s agenda.
Insights from Davos & our industry community
The 7 themes clearly reflected the current landscape - a slight loss of faith in the global economy, with an emphasis on sustainability. Yet a strong-will to make up for loss time was clearly significant across participants & organizations alike in a context where “individuals from across industries are here to challenge the status quo and one another” added Marwan Shakarchi, CEO at MKS (Switzerland) S.A.
Although there was a strong presence from the industry, we look forward to an even greater presence next year. This year's agenda was based on the following building blocks:
- Industry transformation – the need for companies to adapt to stay relevant
- Cross-industry partnerships – operate effectively to achieve greater potential
- Industry positioning – a need for pioneering public-private collaboration to change perception
The three pillars allow selected partners to shape their industry community around innovation, sustainability and competitiveness around various activities and reaffirmed the fact that we wanted to do even more.
Tackling our carbon footprint
As Milton Friedman once said, “the business of business is business”, and for us to do it right, we as a group strive to live our values of family, integrity, partnership and innovation daily and across brands & geographies. Recently, we launched DGLD, a gold-backed token in partnership with a leading group of partners to create a new digital format.
We are proud of what we have achieved as a team and went one step-further in our quest for a reduced carbon footprint with an infrastructure powered by renewable energy (hydro power).
Yet, this is only the beginning, we are in discussion with subject-matter experts on how we can effectively measure, address and reduce our carbon footprint across our group.
“As we continue our journey, we are confident that our strong values & people will drive us towards the low-carbon economy” concluded Marwan Shakarchi, CEO at MKS (Switzerland) S.A.