Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Wednesday, November 22, 2017 07:06:48 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

SDG fund reaches a higher moral ground

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).

Add Rate

News Archive

Inside The New Nation

Editorial »

HC verdict is well meaning: Hospitals must appreciate

THE High Court ordered hospitals and clinics not to hold body of a deceased if his or her family fails to immediately pay the medical bill to release the body. It has also asked the Health Secretary and the Director General of the Directorate of Health Services to issue a ...

International »

Putin, Assad for political solution to Syria`s conflict

Reuters, Moscow  :Russian President Vladimir Putin hosted Syrian leader Bashar al-Assad to talk about the need to move from military operations to the search for a political solution to Syria's conflict, the Kremlin said on Tuesday.Russia is actively trying to build an international consensus around a peace deal for Syria, ...

Sports »

A scene from the opening ceremony of the Omicon Group 43rd National A Chess Championship held at Bangladesh Chess Federation hall-room on Tuesday.

Sports »

Sharapova named in India luxury housing fraud probe

AFP, New Delhi :Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday.The firm behind the development is alleged to have taken millions of dollars from homebuyers ...

Entertainment »

Janhvi dazzles at IFFI in ethnic wear

Janhvi Kapoor who is all set mark her Bollywood debut with Karan Johar’s Dhadak opposite Ishaan Khatter makes a dazzling entry at 48th IFFI 2017 in Goa. Janhvi was accompanied by her mother Sridevi and father Boney Kapoor. Janhvi looked elegant wearing Anamika Khanna lehenga choli. It is probably Janhvi’s ...

City »

Uphold image of Armed Forces: President

President M Abdul Hamid on Tuesday asked the members of Armed Forces to uphold their image at national and international levels by ensuing utmost professionalism. "Uphold the image of the armed forces . . . Help continue the country's ongoing development trend in the days to come," President's Press Secretary ...

Editorial »

Use of toxic tannery wastes in poultry feed

MEDIA reports said an increasing number of poultry feed mills using dangerously toxic tannery wastes laced with poisonous chemicals as raw materials remain the biggest threat to public health. They are moreover flouting is a ban of the High Court for producing and marketing the toxic feed for animals which ...

International »

Putin plan to rejuvenate Russian politics makes slow progress

Reuters, Moscow :Poised to run for a fourth term, President Vladimir Putin has started clearing out the old Russian political elite and says he's bringing in young people with "fire in their eyes."But a Reuters analysis shows that he has made limited progress so far.In the run up to March ...

Sports »

Participants run during the Delhi Half Marathon in New Delhi, India on Sunday. Ethiopia's Birhanu Legese and Almaz Ayana won the men's and women's elite categories, respectively.

Entertainment »

Bollywood congratulates Manushi Chillar on winning Miss World crown

After a wait of 17 long years, Indian model Manushi Chhillar has won the Miss World crown. Since yesterday’s announcement, many Bollywood celebs and public figures have congratulated her on winning the prestigious event. Here are some endearing messages from Bollywood celebs: The Megastar of Bollywood Amitabh Bachchan congratulated Manushi ...

Entertainment »

Runa Khan coming with her first movie

Sheikh Arif Bulbon :Most of her colleagues always appreciate the acting of Runa Khan. There is no other alternative or choice of her in TV plays. So she has acceptability among the directors. Viewers also like her acting. Runa will entertain the viewers by virtue of her acting skill with ...

City »

BNP Chairperson Begum Khaleda Zia cutting cake marking birthday of BNP Senior Vice-Chairman Tarique Rahman at her Gulshan office in the city on the early hours of Monday.

National »

GAFFARGAON: Vice-Chairman of the Central Committee of Muktijodha Sanghati Parishad Major (Retd.) Md Rezaul Karim, a veteran freedom fighter and an Awami League leader addressing a meeting on his participation in the coming National Election as a candidate from Awami League in the election area Mymensingh-10 (Gaffargaon & Pagla PS) Primary School field, Gaffargaon on Friday. Among others, freedom fighter Mofazzal Hossain, Auditor (retd.) Alhaj Abdul Karim and Ex Ward Member Saiful Islam also spoke in the meeting at Charalgi (Nidiar Char) .

Editorial »

Higher production capacity for power plants

THE state-owned power plants can't generate electricity to a minimum of their stated capacity as they lack improved technology, besides management failure to achieve the highest output as per a report in The New Nation on Sunday. The report quoting Bangladesh Power Development Board (BPDB) said its power plants can ...

International »

Hariri announces return to Lebanon as crisis simmers

AP, Paris :Lebanon's Prime Minister Saad Hariri said he will return home in the coming days from where he will declare a political stance for the first time since making a strange resignation announcement from Saudi Arabia that unleashed fears of a crisis in Lebanon.Hariri and his family met Saturday ...

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
Write a comment to this news