News Stories Archives

Business Leadership on the United Nations SDGs

Published on September 14, 2015

Business for 2030The United Nations has embarked on an ambitious effort to define forward-looking objectives – the Sustainable Development Goals (SDGs) – to address global economic, social and health challenges. This exercise represents a unique opportunity to mobilize the international community around the importance of private sector-led growth and a more robust, inclusive global economy that makes significant strides towards eradicating poverty and improving the lives of people everywhere. The UN will formally adopt the SDGs and other elements of its 2030 Development Agenda at the SDG summit in New York from September 25 to 27.

USCIB believes that sustainability is best advanced by creating policy frameworks that catalyze the global marketplace and the business community’s role in developing solutions to environmental and other societal challenges. The private sector will be an essential partner to bridging the gap in finance and technical capacity necessary to meet the challenge of the 2030 Development Agenda and the specific agreed-upon SDGs.

“Business has made continuing contributions to sustainable development and wishes to encourage greater collaboration and partnership between the public and private sectors as we collectively make progress towards new practical SDGs in September and beyond,” said USCIB President and CEO Peter Robinson.

This is a landmark year that will define the global development agenda for the next 15 years. The financing needed to achieve the SDGs by 2030 will far surpass current official development flows, so the international community will have to leverage complementary forms of financing, including from the private sector.

Progress at Addis Ababa Conference

At the UN’s Third International Conference on Financing for Development (FfD3) in Ethiopia July, UN member states established a new financing framework to support sustainable development for the next 15 years.  The final text—known as the Addis Ababa Action Agenda—sets out the means of implementation, including technology, domestic resource mobilization and blended finance and investment for the SDGs. USCIB played a central role in marshaling business input into FfD3, having worked actively with members and the International Chamber of Commerce (ICC) to ensure that the private sector’s voice was heard at the development finance conference.

USCIB and its global network are also playing a lead role in providing business views to the UN and its member states on the SDGs, emphasizing the importance of integrating broader environmental, economic and social elements – including targets for improved national governance – into a wider concept of sustainable development.

This year, USCIB launched its “Business for 2030” website, designed to showcase the private sector’s contributions to the UN SDGs. The site is a resource for those who wish to learn more about the UN’s 2030 Development Agenda and its impacts on international business, and it serves as a catalog that illustrates how private companies are helping to achieve each one of the SDGs. Dozens of USCIB members have contributed case studies to Business for 2030, and we encourage others to get involved.

“Sustainable development is everyone’s business,” said Robinson. “The private sector is demonstrating that it can and should be a valuable partner in the UN’s mission to raise living standards and promote a cleaner, healthier and fairer world.”

 

B20 Conference: USCIB’s Global Network Tackles Employment Challenges

Published on September 8, 2015

Ankara_TurkeyThe International Organization of Employers (IOE), the Business and Industry Advisory Committee (BIAC) to the OECD, and USCIB member Deloitte have joined forces to take stock of labor market policies impacting employment opportunities for young people across the G20 and beyond.

The IOE hosted an event in Ankara, Turkey on September 2 to highlight joint work with BIAC and Deloitte on cataloging and assessing youth employment policies. Turkey currently holds the presidency of the G20. The B20 Conference is being held in Ankara, Turkey from September 3 to 5, 2015. Ronnie Goldberg, USCIB’s senior counsel, attended the conference.

Initial findings of the joint report identify four main challenges to hiring and retaining younger workers.  Nearly 30 IOE member federations contributed their diverse country experiences of youth unemployment-related issues, which include lack of appropriate training in job readiness and skills; a shortage of job opportunities and entrepreneurial companies; high costs of hiring, coupled with diminishing subsidies for employers and the expectations of young people themselves.

While feedback suggests that different policies need to be developed according to national circumstances, employer organizations called for holistic and coherent policy approaches within and between countries.

“Understanding the drivers behind policy successes around the world and decisively acting on that information in future policy making is the best way to inject more dynamism into the labor market, strengthen links between education and employment, and remove barriers to hiring young people,” said IOE President Daniel Funes de Rioja, “The IOE and its partners, thanks to the expertise and experiences within our global network of 155 members around the world, are well placed to input future policy development in the G20 and beyond.”

Also at the B20 Conference, Funes presented five key recommendations on September 4 to the Joint Consultation of G20 Labor and Finance Ministers. The consultation provided a rare opportunity to discuss employment issues with fiscal policy makers.

Funes presented five key measures for creating jobs by stimulating private sector-led growth:

  1. pursue sound macro-economic policies such as price stability and fiscal prudence
  2. develop infrastructure strategies at the country level linked to G20 growth aspirations
  3. encourage open and competitive markets, and resistance to protectionism in all its forms
  4. put in place labor market policies that promote flexible work arrangements
  5. support small businesses by improving access to financing for small- and medium-sized businesses

Rioja pointed out the dearth of skills in the labor market. If education and training were better matched with the needs of employers, it would allow existing job vacancies to be filled. He will also highlight the general lack of jobs in many countries and draw attention to the barriers to business in creating employment, such as unfavorable regulatory frameworks.

 

USCIB’s Meyerstein Reappointed to NAC for Labor Provisions of U.S. Free Trade Agreements

Published on September 2, 2015
Ariel Meyerstein (USCIB)
Ariel Meyerstein (USCIB)

On August 25, U.S. Labor Secretary Thomas E. Perez appointed Ariel Meyerstein to serve another term as member of the National Advisory Committee for Labor Provisions of U.S. Free Trade Agreements (NAC).

In this capacity, Meyerstein will serve on a multi-stakeholder Advisory Committee that advises the Secretary of Labor through the Bureau of International Labor Affairs on the implementation of labor provisions in existing U.S. free trade agreements with labor provisions (currently 19).

“I’m honored to continue serving in this important role,” said Meyerstein. As a member of the NAC, Meyerstein will help assure that the implementation of existing agreements help to level the playing field for global businesses by continuing to develop U.S. trade partners’ capacity for regulating their own labor markets by assuring for worker protections in line with the standards in U.S. law and policy.

 

SDG Countdown: Ensuring Energy for All

Published on August 26, 2015

Power_lines

The United Nations has embarked on an ambitious effort to define forward-looking objectives – the Sustainable Development Goals (SDGs) – to address global economic, social and health challenges. This exercise represents a unique opportunity to mobilize the international community around the importance of public sector-led growth and a more robust, inclusive global economy that makes significant strides towards eradicating poverty and improving the lives of people everywhere.

USCIB’s “Business for 2030” website showcases the private sector’s contributions to the United Nations Sustainable Development Goals. Discover how U.S. companies are helping to achieve Goal 7 by ensuring energy for everyone. Our site features examples of contributions from USCIB members including Bechtel, Citi, PPL and many more!

Read more about Goal 7: Ensuring Energy for All

USCIB’s Global Network Weighs In: B20 Employment Recommendations

Published on August 10, 2015

g20As the Turkish presidency moves to its final, decisive phase as this year’s G20 host country, the International Organization of Employers (IOE) and the Business and Industry Advisory Committee (BIAC) to the OECD have contributed extensively to B20 work on labor and employment.

On September 4-5, the G20 labor ministers will meet in Ankara, and on 15 and 16 November the G20 Leaders’ Summit will take place in Antalya. It is crucial the business recommendations are reflected in the outcome documents of these events. Ronnie Goldberg, USCIB’s senior counsel, will attend the labor ministerial in September.

The B20 Employment Task Force, co-chaired by IOE President Daniel Funes de Rioja, proposes three main recommendations:

    1. Advance a business-friendly environment to create employment opportunities
    2. Increase participation of youth and women in the labor force by making labor markets more dynamic and inclusive
    3. Develop and finance programs aimed at reducing skills mismatches in an era of rapid technological change and innovation

Read the complete B20 Employment Recommendations.

While USCIB’s global network has already engaged in extensive advocacy work at G20 level, the recommendations also need to be reinforced vis-à-vis national governments well ahead of the G20 Labor Ministerial and Leaders’ Summit. Business leaders are urged to contact their governments and advocate for the uptake of these recommendations

As part of the B20/L20 (trade unions) work stream, the IOE will also sign a joint statement entitled “Jobs, Growth and Decent Work” during the Ankara B20 Conference calling on G20 governments to:

  • Determinedly tackle youth unemployment
  • Pursue macro-economic policies that promote employment
  • Make a reality of the 2014 Brisbane target of reducing by 25% the gender gap in employment by 2025
  • Promote transition to formality and implement the Recommendation on informality adopted by the 2015 ILC

Read the full B20/L20 Statement.

The B20/L20 fully endorse the IOE/BIAC/TISK–ITUC/TUAC projects on promoting in national seminars the joint understanding of quality apprenticeships to foster implementation, and on strengthening occupational safety and health (OSH) through supporting better implementation of standards through capacity building of the social partners on prevention, the creation of modern OSH frameworks and of a best practice data base.

The B20/L20 argue that business and labor must play a key role in the shaping of economic and social policy, committing themselves to realizing a project on a joint understanding of the effects of technological change on employment and skills. A Roundtable is being organised by B20/L20 in Ankara on September 5 on this topic. Representatives of ILO, OECD, the Chinese G20 presidency and the social partners will make key contributions to this high-level event.

USCIB Joins Other Business Groups in Defense of IPRs

Published on July 29, 2015

green_lightbulbThe protection of Intellectual Property Rights (IPRs) is a central enabling condition for innovation, stimulating investment and disseminating new greener technologies and knowledge. But in recent years, IPR protection is being challenged in a range of international forums, including the United Nations Framework Convention on Climate Change and the UN Post-2015 Development Agenda.  Critics assert that IP protection increases costs and impedes access.

USCIB joined eight other business associations in signing a letter to U.S. cabinet officials calling upon the U.S. government to resist “persistent efforts” by a small group of countries and NGOs to undermine American innovation for environmental technologies. The letter focuses on major international policy decisions that will be reached covering climate change and a wide array of other economic, social and environmental policy priorities this year in New York and Paris. It underscores the importance of avoiding inclusion of IP protection in the Paris climate agreement, and discouraging the proliferation of bureaucratic and redundant technology forums.

“These countries assert that environmental technology and other manufacturing IPRs prevent technology diffusion and undermine socio-economic development – without any evidence, in the face of practical experience and despite a vast body of academic literature to the contrary,” the letter stated, which was sent on July 29 to Secretary of State John Kerry, USTR Michael Froman and Secretary of Commerce Penny Pritzker.

“In reality, the development of effective IP frameworks that apply to environmental technology IPRs, including manufacturing IPRs, has been shown to facilitate the development of new solutions to environmental and development challenges and, especially, their adaptation and

Read the full multi-association letter.

USCIB advocates for polices that enhance innovation, such as IPRs, as vehicles that support and encourage environmental and development goals.

Find out more about USCIB’s engagement with the UN climate talks and the UN Post-2015 Development Agenda.

Launch of the Global Employers’ Summit 2015 Website

Published on July 27, 2015

BahrainThe first Global Employers’ Summit of the International Organisation of Employers (IOE) will take place at the invitation of the Bahrain Chamber of Commerce and Industry (BCCI) on October 6-7, 2015 in Bahrain. 

The Global Employers’ Summit website is now online. Participants are encouraged to register on the website as soon as possible.

Jointly organised by the IOE and BCCI, this prestigious event will be held under the patronage of His Royal Highness Shaikh Salman Bin Hamad Al Khalifa, Crown Prince of the Kingdom of Bahrain. The Summit will bring together high-level participants from multinational companies, international organisations, employers’ organisations and institutions, to explore key areas of interest for business including labor mobility across borders, business and human rights, promoting inclusion and diversity, and more.

The event will culminate with the signing of the Bahrain Declaration.

IOE, IOM, Partner Companies Take Part in Expert Meeting on Ethical Recruitment

Published on July 24, 2015

Two machinists working on machine

The International Organization of Employers (IOE) is deepening its engagement with the International Organization for Migration (IOM) on the interface between employment and migration. As part of this, USCIB Senior Counsel (and IOE Regional Vice President for North America) Ronnie Goldberg and IOE Senior Adviser Frederick Muia attended a recent expert meeting on ethical recruitment.

The two day meeting, which was also attended by Cindy Sawyer of The Coca-Cola Company and Annemarie Muntz of Randstad Holding NV, two IOE partner companies, discussed the development of the operational protocol of the International Recruitment Integrity System (IRIS), an international voluntary ethical recruitment framework that will benefit all stakeholders in the labor migration process.

Speaking during the opening session, Goldberg called for a practical operational tool that would recognize, reward and build on the efforts being undertaken by the “good” actors in the recruitment chain and find ways to identify, isolate and hopefully eliminate the bad actors. She noted that companies were taking measures to ensure transparency in their labor supply chain and that all recruitment activities were being performed in accordance with ethical recruitment principles. These efforts are helping companies mitigate the risk of unforeseen links to forced labor, child labor and human trafficking. 

Speaking during the session dedicated to partners of the initiative, Muia underscored the importance of the IOE in enabling member federations and partner companies to have a platform to push for immigration policies that are efficient and transparent so that companies can move skills and talent across borders. Muia also spoke about the need to strengthen government institutions particularly in fragile states. As IRIS was a voluntary initiative it could only compliment government efforts whose role was critical in addressing cases of criminal activity such as human trafficking. 

Muntz, who is also president of the International Confederation of Private Employment Agencies (CIETT), underscored the role of the recruitment industry in self-regulation. She explained how the CIETT code of conduct helps mobilize member companies and associations to promote ethical recruitment practices both at national and international levels. She highlighted the need to continue efforts to promote the ratification of ILO Convention 181 on private employment agencies as it gave these agencies the necessary recognition to carry out their legitimate activities. 

Sawyer focused on the role of multinational enterprises in taking the lead in ethical recruitment of migrant workers and promotion of good employment practices. She gave the example of The Coca-Cola Company that had issued Supplier Guiding Principles that expressly prohibit the use of all forms of forced labor and trafficking.

FFD3 Emphasizes Enhanced Role for Private Sector

Published on July 20, 2015

USCIB and its global network have welcomed the conclusion of the Third International Conference on Financing for Development (FfD3), as the outcome emphasizes an enhanced role for the private sector in the United Nations Post-2015 Development Agenda. FfD3 formally concluded on July 16 in Addis Ababa, Ethiopia after three days of negotiations to agree on a new global financing framework to support sustainable development. The final text—known as the Addis Ababa Action Agenda—sets out  the means of implementation, including technology, domestic resource mobilization and blended finance and investment for the UN Sustainable Development Goals (SDGs).

In a letter to Ambassador Lisa Kubiske of the U.S. State Department, dated July 7, USCIB’s President and CEO, Peter Robinson stated that a successful FfD3 would “amplify the opportunity to catalyze private initiative and investment to advance sustainable development and economic growth.  It will be actionable and practical for governments and business; it will synergize with the global market place and provide opportunities to advance entrepreneurship in support of shared prosperity.”  In that letter, Robinson also raised USCIB’s concerns with some aspects of the Addis outcome, relating to taxation and the proposed technology facilitation mechanism in terms of its role vis-à-vis protection of intellectual property.

USCIB played a central role in marshaling business input into FfD3, having worked actively with members and the International Chamber of Commerce (ICC) to ensure that the private sector’s voice was heard in Addis. USCIB and its members have engaged on several occasions with the U.S. negotiating team, and USCIB Vice President Ariel Meyerstein met with the co-facilitators of the FfD3 process as part of the Business Steering Committee for Financing for Development, chaired by the ICC Permanent Representative to the UN, Louise Kantrow.

USCIB was instrumental in organizing the conference’s landmark Business Forum on July 14. USCIB lined up an impressive array of member speakers for the business forum to share their insights about investing in emerging markets, including Jay Collins, vice chairman of corporate investment banking at Citi; Peter Sullivan, head of the Africa public sector group at Citi; Walt M. MacNee, executive vice chairman of MasterCard; Elaine Weidman, vice president for sustainability and corporate responsibility at Ericsson; and Jay Ireland, CEO of GE Africa.

“We welcome the Addis agreement as an important step towards realizing a more sustainable and prosperous future for us all,” said International Chamber of Commerce Secretary General John Danilovich. “By establishing a framework that seeks to harness private sector investment, we’ve seen a major leap forward in the international community’s approach to development cooperation.” (Read ICC Secretary General John Danilovich’s letter to the Financial Times on enabling trade for development.)

The private sector and other development institutions and donor countries led the way in a number of areas that went far beyond the confines of the Outcome Document. Several blended finance initiatives were announced, including the Sustainable Development Investment Partnership, which will try to unlock private capital for development, and Convergence, an online platform for developing a pipeline of projects ripe for investment and the exchange of information and capacity building. In addition, the European Union announced that it would add $2.8 billion to Power Africa, an initiative spearheaded by the U.S. government and private sector companies and other partners in sub-Saharan Africa to add more than 30,000 megawatts (MW) of cleaner, more efficient electricity generation capacity as well as increase electricity access by adding 60 million new home and business connections. Other major international financial institutions announced plans to make $400 billion available in the next three years to finance the sustainable development goals.

The conference also provided some cliffhanging moments of concern to business as a proposal by developing countries to elevate the UN tax committee to an intergovernmental body with universal membership nearly brought the conference to a stalemate. The proposal was ultimately rejected, but some in civil society were disappointed with that outcome and along with some governments, can be expected to continue to press for such an upgrade to be reconsidered during the remaining negotiations leading to the UN General Assembly and Post 2015 Summit in September. Significantly, a number of global initiatives were launched to improve the capacity of national tax authorities because taxation is a key aspect of domestic resource mobilization – one of the key resource streams for financing development that could surpass the revenue streams from both foreign direct investment and official development assistance (ODA). These initiatives included the launch of the OECD’s Tax Collectors Beyond Borders Project (a joint venture of the UN Development Program and the OECD) and the Addis Tax Initiative (an effort by 18 developed countries, including the United States, to double official development assistance for tax authority capacity) and a joint World Bank/IMF initiative to provide capacity building for tax authorities in developing countries.

USCIB’s SDG Working Group, chaired by Tam Nguyen (Bechtel) and Brian Lowry (Monsanto), will continue to weigh in to the UN and the administration on USCIB member interests as the UN process continues to deliberate on a wide range of business issues and implementation.  In addition, USCIB has created an online platform to showcase the private sector’s continuing contributions to sustainable development, and demonstrates the many ongoing business initiatives in support of the UN’s Post-2015 Development Agenda. Visit businessforpost-2015.org to learn more.

 

Private Sector’s Critical Role Recognized at UN Development Finance Conference

Published on July 9, 2015

FfDThis is a landmark year that will define the global development agenda for the next 15 years. The financing needed to achieve the United Nations Sustainable Development Goals (SDGs) by 2030 will far surpass current official development flows, so the international community will have to leverage complementary forms of financing, including from the private sector.

At the Third International Conference on Financing for Development (FfD3), in Addis Ababa, Ethiopia from July 13 to 16, UN member states will establish a new financing framework to support sustainable development for the next 15 years, following upon previous high-level gatherings in Monterrey (2002) and Doha (2008). The outcomes from FfD3 hold special importance this year, as they will set the means of implementation for the SDGs.

Negotiators in Addis Ababa will tackle a cross-cutting global policy agenda – one that touches on multiple areas of interest to USCIB members and the global business community. These include global tax harmonization, trade and investment policies, climate and energy, intellectual property, food and agriculture, and corporate responsibility issues such as transparency and anti-corruption.

USCIB has played a central role in marshaling business input into the FfD process, having worked actively with members and our global network to ensure that the private sector’s voice is heard in Addis. USCIB and its members has engaged on several occasions with the U.S. negotiating team, and USCIB Vice President Ariel Meyerstein has met with the co-facilitators of the FfD3 process as part of a delegation of the Business Steering Committee for Financing for Development, chaired by the International Chamber of Commerce Permanent Representative to the UN, Louise Kantrow.

In addition, USCIB was instrumental in organizing the conference’s Business Forum to be held on July 14, concurrently with the FfD3 Conference. The Business Forum will provide an opportunity for business participants to interact with senior government officials, business leaders and other experts, and let companies and other stakeholders showcase their initiatives related to development finance.

“The forum is a unique platform to demonstrate the value the private sector offers to sustainable development,” Meyerstein said. “A key focus will be on the business enabling environment required to attract investment to least developed countries, the role of public-private partnerships and the need for new innovative approaches to financing, such as blended finance, which uses public funds, including official development assistance (ODA), to catalyze increased private flows, particularly to least developed countries.”

USCIB lined up an impressive array of member speakers for the business forum, including Jay Collins, vice chairman of corporate investment banking at Citi; Peter Sullivan, head of the Africa public sector group at Citi; Walt M. MacNee, executive vice chairman of MasterCard; Elaine Weidman, vice president for sustainability and corporate responsibility at Ericsson; and Jay Ireland, CEO of GE Africa. Speakers will share their insights about investing in emerging markets and developing countries.

The Addis Ababa Accord, which will be adopted by UN member states at FfD3, is positive for business, as the private sector is called upon as a partner in global efforts to finance sustainable development. The policies business supports in the outcome document include an emphasis on governance and domestic resource mobilization, support for blended finance and a move away from an overly-narrow focus on official development assistance and towards an openness to modernize the measurement of ODA, including consideration of the OECD’s proposed “total official support for development” metric. Concerns remain on a proposed technology transfer mechanism and its impact on intellectual property rights protection, but overall the outcome document is positive for the international business community.

Partnerships in Post-2015: Converging Perspectives for Action

Ahead of the Addis Ababa conference, USCIB member Citigroup hosted an event on public-private partnerships on June 17 in New York. This breakfast brought together business representatives and UN delegates from over ten countries for a discussion about how private finance can be used to ensure sustainable development through investment, job creation and inclusive growth.

Speakers at the breakfast included Louise Kantrow, the International Chamber of Commerce’s permanent representative to the UN and chair of the UN FfD Business Sector Steering Committee, Robert Annibale, global director of inclusive finance and community development at Citi, Amina Mohammed, special advisor to the UN secretary general on post-2015 development and Arthur Karlin, chief strategist of the International Finance Corporation.

Participants discussed the role of the private sector in scaling up financial and technical resources for sustainable development, as well as what non-state actors can do to work more effectively together. Conversations focused on the benefits of public-private partnerships and blended finance, as well as the practical steps countries can take to scale up their access to private capital.

The well-attended event emphasized business engagement for and after FfD3. Many speakers referenced the need for rule of law, sound investment climate and investment in infrastructure, all of which are touchstones of USCIB’s advocacy on the post-2015 development agenda.

“Most interesting was the emerging recognition that there needs to be an interface for business with the UN, that was in line with transparency, accountability, conflict of interest and governance,” said Norine Kennedy, USCIB’s vice president strategic international engagement, energy and the environment, who attended the event.

USCIB has also created an online platform that showcases the private sector’s continuing contributions to sustainable development, and demonstrates the need for a role for business in the UN’s Post-2015 Development Agenda. Visit businessforpost-2015.org to learn more.