We invite you to join a roundtable discussion on
For-Benefit Value Chains:
Leveraging Corporate Purchasing Power to Advance the SDGs
September 25, 2019
10.00am to 12.00pm
155 Avenue of the Americas,
New York, NY
About This Event
A high-level meeting during UNGA and the World Economic Forum Sustainable Development Impact Summit where we will pre-launch the For-Benefit Value Chains Alliance.
For-Benefit Enterprises and the SDGs
As you know, at the current trajectory the world will fall very short of meeting the Sustainable Development Goals (SDGs) by 2030. Bold ambition and speedy response are required to mobilize the trillions in private sector investment needed.
Corporate purchasing power offers a promising pathway. It can be leveraged to create large scale demand for sustainable business models across global value chains, encouraging suppliers to better deliver social and environmental benefits while reducing harms.
With support from the UK Department for International Development, (DFID) and in collaboration with Philips, Unilever, CARE, the British Academy's Future of the Corporation programme, and the International Chamber of Commerce (ICC), the Fourth Sector Group is organizing a multi-stakeholder alliance to leverage the potential of global value chains to achieve the SDGs.
This session builds on a series of consultations and workshops held at the World Economic Forum, the Bellagio Center, and the British Academy over the past year. It will bring together corporate executives and sustainability and supply chain leaders with experts from finance, civil society, and other sectors to explore a range of critical questions, and to align on a roadmap towards a commitment announcement at the World Economic Forum Meeting Annual Meeting in Davos 2020.
“A surge of “for-benefit” companies at the intersection of the traditional private, public and non-profit sectors will be critical in delivering on the SDGs by 2030.”
- World Economic Forum
This session builds on a series of consultations and workshops held at the World Economic Forum and the Bellagio Center over the past year. It will bring together corporate executives and sustainability and supply chain leaders with experts from finance, civil society, and other sectors to explore a range of critical questions, and to align on a roadmap towards a significant commitment at Davos 2020.
We will examine how a for-benefit procurement preference not only builds on and strengthens initiatives in supplier diversity and sustainable sourcing (certifications, human rights standards, etc.), but can also go beyond by supporting an enabling environment for for-benefits along the supply chain. By incentivizing new for-benefit entrants and conversions of existing players to for-benefit, companies can accelerate impact toward the SDGs, and their own sustainable and responsible sourcing goals, by improving social and environmental outcomes across the board. Key areas of discussion:
Procurement systems: what needs to change to advance the SDGs?
What sectors / industries are ripe for procurement practice reforms that incentivize for-benefit business models?
What is the business case, for purchasers as well as suppliers?
How can governments, investors and other actors support for-benefit procurement practices?
What are the short, medium, and long term pathways for action and collaboration?
Managing Director and Global Lead, Accenture Development Partnerships