Businesses To Play Greater Role In New Development Era In Asia-Pacific, Says UNDP At Responsible Business Forum
23 November 2016, Singapore – At the fifth Responsible Business Forum, United Nations Development Programme (UNDP) today called on business leaders to take a greater role in the new development era in order to support the achievement of the Sustainable Development Goals (SDGs).
This Forum, opened in Singapore by UNDP and Global Initiatives, aims to address a sea change in the nature of development funding by creating a new partnership for sustainable development.
Domestic public and private finance accounts for 89 percent of all financial flows in Asia-Pacific, according to a UNDP report launched last month. While foreign funding (Official Development Assistance) is still essential for the development system, it now accounts for 0.7 percent of total financial flows in Asia-Pacific (down from 13.5 % in 1990).
This trend in development funding is partly driven by the increase in the number of middle-income countries from 16 to 28 over the past decade. This requires a fresh approach to financing for development that mobilizes contributions from a wider range of sources, including the private sector. At the same time, there has never been a greater need for innovative ideas, new partnerships and funding as we gear up to achieve the SDGs.
“This new development era presents unprecedented challenges and calls for unprecedented solutions to ensure stability and sustainability,” said Haoliang Xu, UN Assistant Secretary-General and UNDP Director for Asia-Pacific. “Climate change, aging populations and explosions of popular discontent with the status quo are combining to present an existential threat to both people and planet. Everyone must join together to face this challenge.”
“Enlightened companies are facing headwinds with sustainable growth due to the nationalistic shift in global politics and the still subdued level of commodity prices,” said Mark Cliffe, Chief Economist of ING Group, who joined the UNDP press briefing. “Technology and new consumer propositions, such as sharing economy models, offer exciting new ways to deliver on the SDGs.”
Michelle Yeoh Urges Asia-Pac Governments To Adopt Undp Gender Equality Seal
Singapore – Michelle Yeoh, award winning actress and UN Development Programme (UNDP) Goodwill Ambassador called upon Governments and businesses in Asia and the Pacific to strive for gender equality.
Speaking at the Responsible Business Forum in Singapore Yeoh called on governments in the region to adopt UNDP’s Gender Equality Seal Programme, to achieve the Sustainable Development Goals.
“Inequality abounds in schools, workplaces, in government and beyond, and that is why we need the Gender Equality Seal Certification Programme for Public and Private Enterprises,” said Michelle Yeoh. “If we do not capture the energy and creativity of women we cannot achieve the full potential of our economies and societies.”
Ban Ki-moon: Message To Responsible Business Forum On Sustainable Development
I am pleased to send greetings to the 2016 Responsible Business Forum. I commend your efforts to advance a more sustainable and peaceful world.
Haoliang Xu: Plenary Address At The Responsible Business Forum
Ladies and Gentlemen,
Thank you Mr. Preston for the introduction, and thank you to Global Initiatives and the Marina Bay Sands for walking the sustainability talk – for making the Responsible Business Forum the first zero-waste zero-emission conference of this scale.
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