Private sector partnerships
Public and private institutions are converging towards the achievement of development results. One of the SDG Fund priorities is to facilitate this convergence, leading to a shared responsibility in development challenges.
SDG Fund Private Sector Advisory Group
The SDG Fund’s private-sector strategy has two goals: involving businesses in each of our programmes in the field from the start and creating a global business advisory council.
To better align public-private partnerships for sustainable development, the SDG Fund has established a Private Sector Advisory Group, formed by business leaders of major companies from various industries worldwide.
SDGF Framework of Engagement
The experience of the MDG-F suggests that public-private partnerships can contribute to achieving development goals, capacity building, wealth distribution, and sustainable economic growth.
The private sector is understood as micro-, small, medium, and large companies, self-employed workers, business associations, unions, chambers of commerce, and foundations.
For example, the SDG Fund programmes took into account the following criteria for designing programmes regarding public private partnerships:
- Has the project included the private sector in its design and implementation?
- Does the project include solutions to development challenges through core business activities and initiatives that include low-income groups in value chains and as producers, suppliers, employees, and consumers?
- Does the project facilitate discussion between the public and private sectors and civil society on a specific development theme or industry sector?
- Does the private sector include micro-, small, medium, and large size companies?
- Does the project promote entrepreneurial activities of disadvantaged or low-income persons?
- Does the project promote public and private sector representatives’ joint decisions?
- Is a results-based management approach used in the design of the project?
- Does the project include measurable activities and indicators related to the number and size of private institutions participating in the program?
- Does the project include measurable joint activities between private institutions/private sector and public sector?
- Does the program aim to enable companies to improve and develop corporate social responsibility? Does it include synergies with current corporate social responsibility initiatives?
For further information, see:
Document HR/PUB/11/04, Guiding Principles on Business and Human Rights, prepared by the Office of the High Commissioner on Human Rights