USCIB Foundation Hosts Summit of the Future Roundtable to Encourage Public and Private Sector Partnership in Reaching Sustainable Development Goals

USCIB Foundation Hosts Summit of the Future Roundtable.

On June 26, The USCIB Foundation and the Moving the Needle initiative convened a roundtable: Navigating the UN Summit of the Future and Beyond with Business: Investing in People-Centered Infrastructure Across the Global Pact for the Future. The Global Pact for the Future will be the main outcome of the UN Summit of the Future this year and is expected to drive a new agenda of international cooperation and UN reform on key issues for business, such as innovative technologies and private sector finance.

The event, hosted by Bechtel, focused on reimagining the role of business in infrastructure investment and implementation for impact, with emphasis on private sector engagement and partnership in action, relevant to the draft UN Pact for the Future and the UN 2030 Agenda for Sustainable Development.

Featured speakers included:

  • Whitney Baird, President & CEO, USCIB
  • Tam Nguyen, President, Impact Company, and USCIB Board Member
  • Russell Singer, Infrastructure Development Unit Chief in the Office of Development Finance, State/EB
  • Andrew Wilson, Executive Director, Center for International Private Enterprise (CIPE)

The discussion covered a number of topics, from the infrastructure investment gap to the need for younger generations to take a leading role in dialogue with business to inform UN deliberations. A key theme was the need for more data to help inform decisions and priorities, and guide investors toward sustainable, high-quality investments in infrastructure. The main issue facing infrastructure isn’t the lack of capital, but the lack of bankable projects. Better data can lead to a fuller pipeline of certified projects, which can then in turn help raise standards and deliver co-benefits in the form of jobs, capacity building and trade opportunities.

A primary example of people-centered infrastructure investment collaboration was the Blue Dot Network, a voluntary, private-sector-focused and government-supported certification scheme for infrastructure projects. It aims to drive synergies between infrastructure and sustainable development. The idea of benefiting people and maintain core standards and values is integral to the Blue Dot Network.

Investment and local growth is not an either/or discussion; the answer is investment and local growth. Good governance provides a better platform for sustainable growth. A challenge worth taking on is how to transfer global standards into local action.

Towards the end of the discussion, USCIB’s Senior VP for Policy and Global Strategy Norine Kennedy previewed the progress to date on the Business Pact for the Future: “Responsible business engagement and input in support of the UN is more vital than ever. Business can be an important resource vital to UN success and delivery of the 2030 Agenda and the Global Pact for the Future,” said Kennedy. “The potential for co-creation and leveraging expertise and resources is significant, and we look forward to advancing the UN’s effectiveness and inclusiveness through private sector partnership and dialogue.”

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