Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, June 25, 2018 02:36:38 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

SDG fund reaches a higher moral ground

By
10th-Nov-2017       
Comments
Share your thought
Post a comment »
Read all () »

Rangita de Silva de Alwis :
At this historic moment - this new report ("Business and SDG 16") is a tryst with destiny, one that fulfills a promise that was made both by the United Nations and the private sector at the launch of the UN's Sustainable Development Goals (SDGs) in 2015.
In 2015, Secretary General Ban Ki Moon, spoke to the business community a day after the adoption of the SDGs and said: "Governments must take the lead in living up to their pledges. At the same time, I am counting on the private sector to drive success."
Now is the time to mobilize the global business community as never before. The case is clear. Realizing the Sustainable Development Goals will improve the environment for doing business and building markets. "
Just last month, UN Secretary General Antonio Guterres, addressing the private sector, was even bolder in his charge: "Let me start by a brutal sentence: either the Sustainable Development Goals are fully assumed with enlightened self-interest by the business community, the private sector, and the financial sector, or the Sustainable Development Goals will be a very nice exercise in diplomatic discussions in New York and maybe in some policies of some Governments, but the impact on people, the impact on poverty, the impact on the planet, will be extremely, extremely small."
"This is now an objective that can only work if the whole of society engages, and the role of the business community, the private sector, the financial sector, is also crucial. Without your leadership, our project will simply fail."
The UN SDG Fund has taken up this charge and issued a call to action: In essence, the Report is a charge for the private sector to be involved on a higher moral ground, for the advancement of the human civilization and calls upon the private sector to privilege the sustainability over transient profitability.
This flagship report is a tool box and a road map to show case ways in which companies should not merely "first do no harm" but also proactively and constructively do good.
The first SDG Fund Report released two years ago made these key findings:
1) Many companies do not understand the depth of the SDGs- how best to implement them, provide a multi stakeholder partnership and common language and target.
2) It was understood in three dimensions - economic, social and environment- and is the key feature
Goal 16 has been described as the "fourth dimension" of sustainable development. This moniker emerged in the consultative process of the Open Working Group as a punitive label: opponents to rule of law in the Sustainable Development Agenda claimed that, as a fourth dimension, rule of law did not belong in a set of goals consisting of the first three dimensions.
This debate occurred despite the specific and explicit affirmation of the links between rule of law and sustainable development in previous UN conferences.
The SDG's go beyond traditional notions of development. The three spheres of sustainable development - economic, environmental, and societal - typically are not interconnected with peace-building, access to justice, or inclusive institutions.
Instead Goal 16 is, a "cross-cutting" goal that reflects the overarching promise of the UN Charter: that development, peace and security, and human rights are all irrevocably interlinked. In Goal 16, peace-building and rule of law, are essential to support the rest of the development agenda. Goal 16 must be acknowledged as the keystone of sustainable development.
The bedrock of the Report is that it is not enough for Goal 16 to just react to numerous challenges and obstacles. Instead, Goal 16 must be proactive. Instead of adapting after the fact, the private sector must anticipate and begin responding before the fact. This is the ambitious goal of this Report.
I wish to organize key findings under five thematic pillars:
Combating Violent Extremism: The increased emphasis on prevention represents a meteoric metamorphosis of United Nations policy. Previously, peacebuilding was originally viewed "sequentially," coming after "comprehensive" peace-accords.
"[P]eacebuilding was presented as the logical follow-on to peacemaking and peacekeeping: the main objective was to prevent relapse into conflict once a peace agreement had been secured." This siloed vision is only recently being replaced by a novel holistic one that places prevention at the center.
A new UN architecture has ushered in the sea-change, codifying the concept of "sustaining peace" as "a goal and a process to build a common vision of a society […] which encompasses.
As the Secretary General's Action Plan on the Prevention of Violent Extremism states: "Lack of socio-economic opportunities are drivers of extremism and conflict. Countries that fail to generate high and sustainable levels of growth, to create decent jobs for their youth, to reduce poverty and unemployment, to improve equality, to control corruption and to manage relationships among different communities in line with their human rights obligations, are more prone to violent extremism and tend to witness a greater number of incidents linked to violent extremism. "
Goal 16 presents a valuable opportunity to bridge the development and security divide. It explicitly provides an entry point for development and security actors to come together to promote inclusive, multidimensional approaches to achieve a peaceful society.
Here again, the Report highlights the work of the private sector - which is working on controlling money laundering and financing of terrorism, in building structures on zero tolerance of corruption, and gender equality in institution building.
Gender Equality in the Private Sector: Goal 16, read with Goal 5, is a clarion call for gender equality as a preventative tool and as an important signifier of the rule of law. Corporate board leadership is an important cornerstone of private sector leadership that impacts the public sphere.
The feminization of boards also engages the private sector in the public goal of fostering women's corporate leadership. Such policies, if universalized, would fundamentally shift both corporate governance and public governance. Increasing the role of women in corporate governance increases gender equality by advancing women's contributions to the public economy among other things.
Recent studies show that higher numbers of women in executive positions can result in higher rates of corporate return on equity. Similarly, countries with higher levels of women's political representation tend to have higher levels of economic growth.
Building a New Vernacular: SDG 16, both its targets and its indicators, revolves around the rule of law and building a new vernacular. The Report introduces a new language for businesses to engage in the rule of law: The Basic View of Self Interest: Private sector itself are creatures of rule of law. Businesses depend on reliable rule and reasonable justice; The Enlightened Corporation: The private sector should build its own effective, accountable and inclusive institutions and support the expansion of rule of law in society.
The Costs of Corruption: The World Bank states that: "Businesses and individuals pay an estimated $1.5 trillion in bribes each year. This is about 2% of global GDP and ten times the value of overseas development assistance.
The Report analyzes anti-corruption legal reforms on the ground in Cambodia, Lebanon, Zimbabwe, Uzbekistan, India and the United Kingdom, including challenges and opportunities in law reform and highlights gaps and progress. In the final analysis, law reform remains laws on paper unless they are given life to through political will.
Building Bridges and Partnerships:
This report embodies the values of collaborations and partnerships. The UN SDG Fund's vision has been to build partnerships with the private sector and academic communities so as to strengthen the UN's new architecture- for a reimagined global order- one that sees the pivotal importance of the private sector and academic institutions.
The role of academic institutions to spur the next generation of leaders to advance and accelerate the SDGs in the 21st Century and to reach a higher moral ground is the key to unlocking the transformative potential of the SDGs.
(Rangita de Silva de Alwis is Associate Dean of International Affairs, University of Pennsylvania Law School and Advisor, UN SDG Fund).

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Members of England's rugby league team celebrate a win over New Zealand by raising the Rugby League Football International Challenge Cup on Saturday in Denver. England won 36-18.


International »

First Russia air strikes hit southern Syria as govt assault looms


AFP, Beirut : Russia bombed rebel-held parts of southern Syria late Saturday for the first time since brokering a ceasefire there nearly a year ago, a monitor group said, as allied regime troops prepare a ground assault.Southern Syria is a strategic prize for local and global players involved in the country's ...

International »

Zimbabwe's President narrowly escapes assassination bid


The Washington Post :Zimbabwe's election campaign season took a worrying turn Saturday afternoon when a crude bombing at a speech delivered by President Emmerson Mnangagwa appeared to be an attempt on his life.Mnangagwa had just finished giving a speech in a stadium in Zimbabwe's second-largest city, Bulawayo, when the blast ...

City »

Newly -appointed Nepalese Ambassador Dr Chop Lal Bhusal called on Prime Minister Sheikh Hasina at her office yesterday.


Editorial »

Fatal accidents are increasing, make roads and highways safe for passengers


TERMING it as the deadliest day, the news media reported that at least 55 people were killed in separate road accidents in different districts across the country on Saturday. Bangladesh Jatri Kallyan Samity said it was the highest number of casualties in a single day in recent times. An 11-member ...

Entertainment »

Richi returns to country tomorrow


Entertainment Report :In last January, popular TV actress Richi Solaiman came to Bangladesh to pass times with her mother and brother by own way. After five months, she is returning to her motherland tomorrow. This time she is coming for several reasons including to celebrate Eid-ul-Azha with her mother, to ...

Editorial »

American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American


US President Donald Trump took an U-turn and changed his own policy amid strong protest by American people.  There are huge criticism and outcry in America over the way undocumented parents and children have been kept forcibly apart. He said he changed his mind by seeing images of children who ...

International »

UN Chief appeals for end to fighting in south Syria


AFP, United Nations :UN Secretary-General Antonio Guterres on Friday called for an immediate end to a military escalation in southwest Syria and a return to ceasefire arrangements agreed by Russia, the United States and Jordan.US Ambassador Nikki Haley separately urged Russia to pressure its Syrian ally to uphold the truce. ...

Football »

Nigeria`s John Obi Mikel (left) and Iceland`s Gylfi Sigurdsson compete for the ball during the group D match between Nigeria and Iceland at the 2018 soccer World Cup at the Volgograd Arena in Volgograd, Russia on Friday.


Football »

Portugal's Ruben Dias talks to journalists during a news conference prior the training session of Portugal at the 2018 soccer World Cup in Kratovo, outskirts Moscow, Russia on Saturday.


City »

Prime Minister and Awami League President Sheikh Hasina inaugurating the newly constructed building of the party's central office by releasing balloons in the city's Bangabandhu Avenue on Saturday.


Entertainment »

Sunny Leone hospitalised


Bollywood star and reality show host Sunny Leone was hospitalised on Thursday. Leone was taken to Brijesh Hospital Kashipur in the Udham Singh Nagar district of Uttarakhand on Thursday after she complained of stomach ache. However, her state was declared satisfactory on Friday morning.The doctor attending her has given the ...

Editorial »

Trump disregards the American core human right values : He is against America`s greatness


The United States withdrew from the United Nations Human Rights Council on Tuesday, condemning the "hypocrisy" of its members and its alleged "unrelenting bias" against Israel vividly face-off US stance in favour of rights violation. National and international news outlets reported that the US ambassador to the UN, Nikki Haley, ...

Entertainment »

Kriti Sanon shares glimpses from her IIFA performance


Actress Kriti Sanon took to social media to share glimpses from her upcoming electrifying performance at the IIFA awards. Kriti Sanon who landed in Bangkok on Thursday morning for IIFA wasted no time as she took to rehearsals for her much-awaited performance. Sharing insights into her performances, Kriti Sanon posted ...

Entertainment »

A fan paints a wall with Nidhhi Agerwal’s graffiti art


An ardent fan of Nidhhi Agerwal took to Twitter to share a Graffiti art of the actress painted on a wall. The fan artist painted a wall with the actress’ image giving showcasing his love for Nidhhi. The artist spent a huge amount of time getting every detail right to ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news