On September 25, 2012 over 100 leaders from business, Government and civil society met in New York to discuss the private sector’s role in furthering the Millennium Development Goals (MDGs) and creating a new set of Sustainable Development Goals (SDGs).
As the world starts to explore what framework might replace the MDGs, the question remains how to best harness business as an engine for economic development and what type of partnerships will enable delivery of scalable development impact.
Several leading business representatives provided input and suggestions for how the private sector could be leveraged in the development and implementation of the new goals. Business’ input to the post-MDG process should be to identify “the biggest, most urgent problems facing the global community, and how the private sector can help to solve them,” said John Fallon, Chief Executive of Pearson International. "We should “retain the MDGs’ simplicity, but give a harder edge to them in terms of efficacy and outcome.”
In addition to the UN Global Compact, sponsors of the 25 September event on “Business, the MDGs and Beyond” were Business Fights Poverty, Business Call to Action, the Overseas Development Institute, and the UN Development Programme.