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Report

9 Oct 2017

Author:
European NGO confederation for relief and development (CONCORD)

A 10 point roadmap for Europe on the role of the private sector in development

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…This paper highlights what the European Union (EU) and its Member States should do to create an environment that maximizes the potential of the wide range of private sector actors to contribute to the implementation of Agenda 2030.

…1. Abandon the “one-size fits all” approach to the role of the private sector in development...

2. Adopt mechanisms to avoid the corporate capture of decision-making processes…

3. Align the financial system with social and environmental agendas…

4. Ensure the public delivery of essential services…

5. Ensure companies pay their fair share of tax where they operate…

6. Ensure the sustainability chapters of investment treaties are as enforceable as the provisions protecting investors.

7. Ensure business enterprises operating outside the EU respect human rights and the environment…

8. Reform EU competition law…

9. Ensure the respect of development effectiveness principles…

10. Ensure transparency and accountability…