Global Alliance for Global Good – Gender Equity and Equality

About Global Alliance for Global Good – Gender Equity and Equality

• It is a new alliance for global good, gender equity, and equality established by India on the sidelines of the 54th annual World Economic Forum (WEF) meeting in Davos.
• The alliance will bring together worldwide best practices, knowledge sharing, and investment opportunities in women’s education, health, and enterprise.
• This initiative marks a significant stride toward achieving multiple Sustainable Development Goals (SDGs), including SDG 3 (Good Health and Well-Being), 4 (Quality Education), 5 (Gender Equality and Empowerment), 17 (Global Partnership for Development) and more.
• It has garnered support from industry leaders such as MasterCard, Uber, Tata, TVS, Bayer, Godrej, the Serum Institute of India, IMD Laussane, and over 10,000 partners from industry through the Confederation of Indian Industry (CII).
• Supported by the Bill and Melinda Gates Foundation, the alliance will be housed and anchored by the CII Centre for Women Leadership.
• The WEF has come on board as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’.

Key Facts about World Economic Forum (WEF)

• It is an international organization headquartered in Geneva, Switzerland, that brings together individuals and political and business leaders each year to discuss significant issues that impact the global economy. 
• These include, but are not limited to political, economic, social, and environmental concerns.
• The WEF is best known for its annual WEF Meeting at Davos, the Swiss ski resort. 
  • The event regularly draws business and political leaders from around the world for a series of discussions about global issues.
• The WEF has no independent decision-making power but seeks to influence people to make decisions that benefit the global community.
• WEF meetings introduce new issues, trends, and organizations to members and the public for discussion and are commonly believed to influence corporate and public sector decision-making.
• The organization is funded through its membership, which includes many prominent business and political figures.

Q1) What are Sustainable Development Goals (SDGs)?

The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.The 17 SDGs are integrated—they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.

Source: Davos 2024: India sets up alliance for ‘Global Good-Gender Equity and Equality’