Trump’s return to Davos relegates sustainability to a side event

Donald Trump via video call at WEF 2025. Credit: MICHAEL BUHOLZER/TT
19 jan. 2026
12:51
As Davos 2026 opens, economic confrontation and geopolitical tensions are edging sustainability off the agenda – a shift that could reshape where impact capital flows this year.

In 2019, Greta Thunberg gave her famous “Our House Is On Fire” speech at the World Economic Forum in Davos. The speech came as climate change discourse became mainstream among the business elite. In the years that followed, sustainability topped the agenda at pretyy much every business event the world over.

Seven years on, the mood in Davos has changed. Sustainability and diversity have taken a back seat, AI and growth top the agenda, and there’s a new star of the show – US President Donald Trump.

Become a member to continue reading