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“Without a significant change of thinking and a better understanding of the opportunities that integration with Asia can bring to Russia, development will be limited.”


World Economic Forum

Oleg Deripaska has regularly participated in the annual meetings of the World Economic Forum in Davos since the late 1990s. These meetings have become the main event of the Forum which brings together around 1,000 companies and organisations from all over the world. Basic Element is a strategic partner of the forum - the highest level of cooperation with the World Economic Forum that a business organisation can have. Oleg Deripaska’s key companies actively participate in the WEF’s industry groups and are involved in a number of WEF initiatives. UC RUSAL, the world’s leading aluminium company, participates in the work of the Mining and Metals Group.

As part of his work in the Group, Oleg Deripaska discusses current industry situations with other key players in the market, helping to develop a strategy for the industry, defining procedures for cross-industry interaction and developing standard approaches to tackle global problems. In 2010 Oleg Deripaska was elected to the Management Council of the Group.

En+ Group, a leading Russian diversified power and metals group of companies, participates in the work of the Energy, Utilities and Technology group . As part of the work in the group Oleg Deripaska is involved in several projects, such as the New Energy Architecture and the Interaction between the Power Industry and Society.

In his work in the WEF, Oleg Deripaska devotes special attention to climate change. He is one of the 16 business leaders who developed the CEO Climate Policy Recommendations to G8 Leaders, a document that summed up proposals and recommendations on how to counter global warming. This document was developed as part of the Gleneagles Dialogue group and was signed by the CEOs of the 100 largest companies of the world. These recommendations were presented to G8 leaders at the G8 summit in Japan in July 2008.

Oleg Deripaska was also part of the WEF’s Task Force on Low Carbon Prosperity, which brought together representatives of business and science. The task force interacted with the governments of leading nations of the world to prepare climate change discussions in Copenhagen in December 2009.

Oleg Deripaska also supported the global Partnering Against Corruption Initiative (PACI). This initiative was proposed by the CEOs of companies operating in all industries with the aim of consolidating the business community’s efforts to counter corruption.