90% of it from my experience is actually way below that. It's like a think tank that hosts meetings where it tries to cajole bureaucrats into advancing their think tank policies. The other 10% are the big public forum gatherings and schmoozing with politicians.
Source: I recently attended a WEF meeting in Washington DC. There were no politicians present. There were reps from the US DOE who told us a lot about IRA, which was very helpful, then the WEF crew tried to convince us to sign up for an initiative. The initiatives are just you promising you're going to do something with 0 consequences for not doing it.
It's like a marketing piece. As someone earlier pointed out their ESG criteria are largely lipstick on a pig style. BUT we can all collectively say that we're working on together
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