When the United Nations seeks outside financial assistance either for development needs or to advocate social causes, it invariably turns to the private sector these days.
Corporate lobbyists are unusual guests at development meetings, but when the United Nations held its Financing for Development conference in Addis Ababa
this week to decide who pays for its new “Sustainable Development Goals”, some governments laid out the red carpet for the private sector.
Overcoming hunger and malnutrition in the 21st century no longer means simply increasing the quantity of available food but also the quality.
The United States will begin developing a national action plan on responsible business practices, following on several years of related advocacy from civil society.
When the United Nations began negotiating a Code of Conduct for Transnational Corporations (TNCs) back in the 1970s, the proposal never got off the ground because of vigourous opposition both from the powerful business community and its Western allies.
Investors and corporations have become increasingly concerned over the effects of climate change, which are being felt in vast areas of the planet and have begun to impact on the profitability of their operations.