Private Sector’s Current State of Play in the SDG Process

masthead_resourcesDr Louise Kantrow opened the discussion by noting the paradigm transition from the MDGs to the SDGs, wherein the role of the private sector has grown. ICC coordinated the Global Business Alliance 2015, which brought together global and regional business organisations aimed at constructively engaging with the post 2015 process and the UN agencies. The key points from the private sector perspective are the following: effective governance, rule of law, and security are critical enablers to achieve the SDGs; poverty eradication involves economic growth and jobs creations; and therefore it is crucial to address the informal employment and low governance challenges arisen in many developing countries.

H.E. Jean-Francis Regis Zinsou recognised that the global environmental and social challenges should be addressed through mobilising private finance for SDGs, innovative and technologically advanced business models. There is a move in the approach of the private sector from maximising profits for shareholders to stakeholders and the planet should be considered a stakeholder. Ms Esin Mete, then addressed the importance of agriculture and rural development as primary drivers to address poverty reduction and food security.

Mr Vinicius Carvalho Pinheiro stated that 75 million young people are currently unemployed. It is imperative to not just address the quantity but the quality of jobs available. As economic growth does not automatically create jobs, the private sector is the core driver of jobs. He then addressed the critical need to create a safe environment for workers as every 15 seconds one worker is killed due to working accidents: making it a world epidemic.

Finally Ms Katharine Maloney underlined the fundamental beliefs of KPMG to explain their active participation in the consultations of the post 2015 agenda. First, they recognise the paradigm shift explained previously by Dr Louise Kantrow. Second profitability and developmental agenda are not mutually exclusive. Third, business and social values are inextricably linked. Fourth, the private sector can provide a lot more than money, for instance real ideas, innovation, technical know how and a lot more resources.

Meeting Title: Private Sector Briefing: Current State of Play in the SDG process
Speakers: Dr Louise Kantrow, ‎Permanent Representative to the United Nations at International Chamber of Commerce; H.E. Jean-Francis Regis Zinsou, Permanent Representative of Republic of Benin to the UN; Ms Esin Mete, Director General, IFA (International Fertilizer Industry Association); Mr Vinicius Carvalho Pinheiro, Deputy Director of the ILO Office for the United Nations; Ms Katharine Maloney, Director, Development and Exempt Organizations (DEO) Practice at KPMG LLP.
Date: 3 July 2014
Location: Conference Room 5, NLB, United Nations, New York.
Written by WIT Representative: Aslesha Kaur Dhillon

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2 thoughts on “Private Sector’s Current State of Play in the SDG Process

  1. Pingback: EUCC Sponsored Webinar Discussing How UN Sustainable Development Goals Will Set Agenda, Goals and Targets for European and Global Sustainability | Coastal & MarinE-News

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