NGO Status Granted by Swiss Federal Government

The World Economic Forum (WEF), headquartered in Cologny, Switzerland, was granted NGO status by the Swiss Federal Government under the Swiss Host-State Act. This designation as an NGO with 'other international body' status allows the WEF to operate with certain privileges and responsibilities that facilitate its mission of improving the state of the world through public-private cooperation. The WEF engages leaders from various sectors, including business, government, academia, and civil society, to address global challenges and promote sustainable development. The recognition as an NGO enhances the WEF's credibility and ability to convene influential stakeholders, thereby amplifying its impact on global policy discussions and initiatives. The designation also aligns with the WEF's ongoing efforts to foster collaboration on pressing issues such as climate change, economic inequality, and technological advancement. Following the granting of NGO status, the WEF expanded its operations, including the establishment of the Center for the Fourth Industrial Revolution in San Francisco. This center serves as a platform for interaction among innovators and policymakers, focusing on the implications of emerging technologies. The WEF's NGO status not only strengthens its role in global governance but also underscores the importance of multi-stakeholder engagement in addressing complex global challenges.