Global Challenges Foundation

Last updated
Global Challenges Foundation
Formation2012
Founder László Szombatfalvy
Purpose Global catastrophic risks
Headquarters Stockholm, Sweden
Website globalchallenges.org

The Global Challenges Foundation is a Swedish non-profit organization that seeks to raise awareness of global catastrophic risk and the global governance necessary to handle these risks. This includes examining models for UN reform, as well as initiating new ideas for a functioning global governance. [1] [2] It was founded in 2012 with a donation by the Swedish- Hungarian billionaire László Szombatfalvy. [3] [4]

Contents

Foundation

The foundation is based in Stockholm. Its board members include Johan Rockström, and the fourth AP Fund's former CEO Mats Andersson. [5] The foundation's assets predominantly consist of a donation from László Szombatfalvy, which represented roughly half of his fortune at the time—around 500 million Swedish kronor. [4] The current executive director is Jens Orback.

Risk awareness

Global Challenges Foundation is working to raise awareness of global catastrophic risks, currently primarily climate change, other environmental degradation, and political violence focusing on weapons of mass destruction. In order to do this at both the public and the decision-making levels, the Global Challenges Foundation is closely cooperating with a number of institutions, including the Future of Humanity Institute at Oxford University. [6]

Another risk-related project driven by the Global Challenges Foundation, along with Earth League, is Earth Statement. The climate call aims at reducing the gap between science and politics, and has formulated eight points on which the world's decision-makers need to agree to achieve a successful climate agreement at COP21. Earth Statement has been signed by Al Gore, Desmond Tutu, Mo Ibrahim, Richard Branson, Arianna Huffington, Gro Harlem Brundtland, Yuan T. Lee and Mary Robinson. [7]

Global Challenges Foundation gave support to the Stockholm School of Economics for a new track – Global Challenges. The course is included in the Bachelor program in Business and Economics. [8]

The Global Challenges Foundation conducts international risk surveys [9] and publishes annual reports on global risks, [10] interspersed with quarterly reports [11] that look at various aspects of global catastrophic risk and global governance. For example, the 2016 annual report estimates that an average American is more than five times likely to die during a human extinction event than in a car crash. [12] [13] The 2017 report highlighted a broad range of security related topics, among them climate change, and concluded that global warming has a high likelihood to end civilization. [14]

The New Shape Prize

In November 2016, the Global Challenges Foundation launched the Global Challenges Prize – A New Shape, an international competition that calls on people of academia, politics, business and civil society worldwide for proposals that outline new models of global governance. It offered $5 Million in prizes with the best entry receiving at least $1 million. The foundation would then back efforts to bring the winning ideas towards implementation. [15] [16] [17] The award ceremony took place at the end of May 2018 in Stockholm. [18]

Related Research Articles

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<span class="mw-page-title-main">Stockholm International Peace Research Institute</span> Research institute in Stockholm, Sweden

Stockholm International Peace Research Institute (SIPRI) is an international institute based in Stockholm. It was founded in 1966 and provides data, analysis and recommendations for armed conflict, military expenditure and arms trade as well as disarmament and arms control. The research is based on open sources and is directed to decision-makers, researchers, media and the interested public.

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László Szombatfalvy was a businessman and author living in Stockholm, Sweden. Szombatfalvy fled to Sweden in 1956 following the Hungarian uprising of that year. He arrived with two empty hands and worked initially in a variety of jobs including as a magician in the refugee camps, before gradually becoming interested in the stock market. His interest in stock led to his development of a method of risk calculation for investments for which he became well known on the Swedish stock market. In the late 1980s his interests turned toward entirely different matters and he withdrew from the market. Over the past couple of years his attention has focused on the application of his risk assessment method to new fields.

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Mats Andersson, born 1954, is a Swedish financier and asset manager. After previous work at Warburg, Deutsche Bank, and Skandia Liv, he assumed the role as CEO for one of Sweden's major pension funds Fjärde AP-fonden (AP4) where he led the work to redirect investments in the energy sector towards fossil free companies within the government directive Fossilfritt Sverige that engages more than 200 companies, municipalities, counties, regions, and other organizations. He also actively collaborated with the United Nations to raise awareness of the risks climate change brings, from a finance and investment perspective.

<span class="mw-page-title-main">Florian Krampe</span>

Florian Krampe is a German/Swedish political scientist and international relations scholar at the Stockholm International Peace Research Institute (SIPRI).[2] He is best known for his work on climate-related security risks, Environmental Peacebuilding, and the governance of natural resources after armed conflict. He also serves as Affiliated Researcher at the Research School for International Water Cooperation at the Department of Peace and Conflict Research at Uppsala University. Between 2020 and 2022 Krampe was cross appointed Specially Appointed Professor at the Network for Education and Research on Peace and Sustainability at Hiroshima University, Japan.

<span class="mw-page-title-main">Climate change and children</span> Study of the effects of climate change on children

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References

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  3. J. Nastranis (6 February 2017). "A Swedish Billionaire Invites Ideas for a New UN". IDN-InDepthNews. Archived from the original on 7 November 2017. Retrieved 1 January 2018.
  4. 1 2 Andreas Cervenka (23 March 2013). "Han skänker halv miljard". Svenska Dagbladet (in Swedish). Archived from the original on 2 January 2018. Retrieved 1 January 2018.
  5. "Global Challenges Foundation - The Board". globalchallenges.org. Retrieved 2023-09-13.[ dead link ]
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  7. "Global Challenges Foundation - Earthstatement". www.globalchallenges.org. Archived from the original on 2019-04-30. Retrieved 2017-07-02.
  8. "Global Challenges for the makers of the future". Stockholm School of Economics. Archived from the original on 2 January 2018. Retrieved 1 January 2018.
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  10. "Global Challenges Foundation - Annual Reports on Global Risk". globalchallenges.org. Archived from the original on 2019-04-30. Retrieved 2017-07-02.
  11. "Global Challenges Foundation - Quarterly Reports". globalchallenges.org. Archived from the original on 2019-04-30. Retrieved 2017-07-02.
  12. Robinson Meyer (April 29, 2016). "Human Extinction Isn't That Unlikely". The Atlantic . Archived from the original on May 1, 2016. Retrieved April 30, 2016.
  13. "Global Challenges Foundation website". globalchallenges.org. Archived from the original on June 11, 2013. Retrieved April 30, 2016.
  14. Ian Johnston (23 May 2017). "Seven in 10 Brits support 'world government' to protect humanity from global catastrophes". The Independent . Archived from the original on 3 September 2019. Retrieved 1 January 2018.
  15. Laurie Goering (24 November 2016). "Want to solve global crises? $5 million prize seeks fresh ideas". Reuters. Archived from the original on 24 October 2017. Retrieved 31 December 2017.
  16. Angus Chen (18 March 2017). "Win $1 Million For Your Bright Idea To Fix The World". NPR. Archived from the original on 12 September 2017. Retrieved 11 September 2017.
  17. Zhao Siyuan (6 June 2017). "Beating the norm". China Daily . Archived from the original on 20 June 2017. Retrieved 11 September 2017.
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