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26 January 2006 - Davos, Switzerland The Global Risk Report 2006, released by the World Economic Forum today, provides a concise overview of the global risks facing the world in 2006 and beyond, and puts global risk mitigation at the core of the Davos agenda. Global risks can no longer be dealt with reactively. In line with "The Creative Imperative" which underscores this year's Annual Meeting, the Global Risk Report 2006 outlines the pillars of a proactive risk mitigation agenda. Our common vulnerabilities to global risks, from terrorism to natural disasters, were on tragic display in 2005. In an increasingly interconnected world, we have a shared responsibility to collectively address global risks, from those in the public eye at the moment - such as pandemics - to those that are moving fast up the international agenda - such as climate change. The aim of collective risk mitigation is to ensure that today's global risks do not become tomorrow's headlines. The report draws on the expertise of the Forum's extensive network of academics, business leaders and practitioners to provide insights into the nature of global risks. In 2005, the network benefited in particular from the partnership of Merrill Lynch, MMC (Marsh & McLennan Companies) and Swiss Re, and the expertise of the Risk Management and Decision Processes Center at the University of Pennsylvania's Wharton School. In the year ahead, the Forum intends to build on the insights of the Global Risk Report 2006 through an enhanced Global Risk Network. Professor Klaus Schwab, Executive Chairman of the World Economic Forum, explaining the thinking behind the network, said that: "The key to mitigating global risks is understanding their systemic nature and building consensus on how to best deal with them. The Forum, in bringing together business, government and civil society, has a key role to play in this process." Notes to Editors: __________________________________________ The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. (www.weforum.org) For more information, please contact: Communications and Public Affairs World Economic Forum Tel.: +41 (0) 22 869 1212 Fax: +41 (0) 22 869 1394 E-mail: public.affairs@weforum.org
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