26 Years - sustainable development action Making PPPs fit the 2030 Agenda

In view of the fact that the 2030 Agenda has been agreed by all UN member countries and is supposed to help all of them achieve the SDGs, it would make sense that the sole custodian (WBG) invites UN regional commissions to partake in the definition of PPPs and in the collection of related data. [...] The IAEG-SDG was created in 2015 and tasked to develop and implement the global indicator framework for the SDG goals and the 2030 Agenda.10 It is the group’s mandate and responsibility to intervene when a custodian is not able to improve the indicator it has been entrusted to develop. [...] The chapter relates the efforts of the international community, aware that sustainable PPPs may play a major role for the economic development of countries, to draw from the lessons learned internationally and promote a resilient form of PPP driven by long term public interest and SDG compliance referred to as People-first PPP (PfPPP) by the UNECE, where “value for people” or “value for the societ. [...] We also commit to hold inclusive, open and transparent discussion when developing and adopting guidelines and documentation for the use of public-private partnerships and to build a knowledge base and share lessons learned through regional and global forums.” Following the adoption of the Addis Agenda, the Financing for Development Office of the United Nations convened a meeting on Public Private. [...] The importance of ESG While the concepts of People-first PPP and the G20 Principles for Quality Infrastructure Investment have made significant inroads in the PPP and infrastructure development communities, it is the parallel concept of Environmental, Social and Governance (ESG) factors, which has gained the most traction in the world’s capital markets.