At the EU level, the private sector is being increasingly promoted as the key actor for development. While it could offer additional resources for achieving sustainable development, it has not always brought positive impacts so far. Human rights violations, tax avoidance, pollution, and a lack of transparency and accountability, have been major concerns.
On that matter, CONCORD just published a new report entitled a “10 point roadmap for Europe on the role of the private sector in development”. This elaborates ten areas of action where the EU should address accountability, effectiveness and sustainability. It has been developed by CONCORD members in collaboration with Civil Society allies and experts, and it includes case studies from across the world which illustrate both opportunities for positive outcomes as well as existing gaps and concerns.
SOLIDAR welcomes the ‘10 point roadmap for Europe’ as a method of working with the private sector on development:
SOLIDAR released last week its “Private Sector: Mismatching development with economic growth” position paper, which is very much in line with the points highlighted above. For more information, see here.