Investing in Sustainable Development

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Investing in Sustainable Development Geneva, Switzerland 13 16 October The UNCTAD World Investment Forum is a high-level, biennial, multi-stakeholder gathering designed to facilitate dialogue and action on the world's key and emerging investment-related challenges. It is recognized by governments and business leaders as the most important event for the international investment community, providing an opportunity and platform to interact with global leaders, senior policy makers, market regulators, stock exchange executives, investment promotion agencies, investment treaty negotiators, law makers, private investors, corporate executives, sovereign wealth fund managers, academia, and civil society leaders from countries around the world. The role of UNCTAD as the focal point of the United Nations system for all matters related to investment and enterprise development, uniquely positions the WIF as the appropriate forum for successful partnership initiatives. Confirmed partners include The World Bank Group, the International Labour Organization, the Office of the High Commissioner for Human Rights, United Nations Global Compact, the International Organization of Security Commissions, the Food and Agriculture Organization, the International Fund for Agriculture Development, the United Nations Environment Programme, the UN Regional Commissions, business associations (led by the International Chamber of Commerce and the World Federation of Exchanges), academic institutions (including the Academy of International Business and the Graduate Institute, Geneva), and other important actors such as the World Economic Forum. Following the success of previous events held in Ghana (2008), China (2010) and Qatar (2012), which gathered thousands of participants, the 2014 Forum will again serve as a global platform for inclusive dialogue and policy formulation on investment-development challenges at the highest level. The 2014 Forum will discuss investment needs, opportunities and strategies to meet the Sustainable Development Goals (SDGs). Tentative programme subject to change; please check the website for latest updates. 1

Monday, 13 October 18.00-19.00, Assembly Hall and Foyer Grand Opening and Welcome Cocktail 19.00-21.00, Assembly Hall Investment Promotion Awards 2014 Tuesday, 14 October 10.00-13.00, Assembly Hall World Leaders Investment Summit I Investing in Sustainable Development: Vision and Roadmap 13.00-15.00, Delegates Restaurant (8 th Floor) Leaders Luncheon: 11th Meeting of the Investment Advisory Council (with ICC; by invitation only) 13.00-15.00 Private Sector Solutions for Sustainable Development Investment Stakeholders Networking Luncheon 15.00-18.00, Room 18 Sustainable Stock Exchanges Global Dialogue 4 th Global Dialogue (with Global Compact, UNEP-FI and PRI) 15.00-18.00, Room 26 Sustainable Urban Development Sustainable Cities Round Table (with UN- SDSN) 15.00-18.00, Room 23 Championing Gender Equality the Role of Transnational Corporations Dialogue on Investment and Gender (with UN Women) 15.00-18.00, Room 25 Investing in Pharmaceutical Production: Myths & Realities Policy Debate on Public Health (with WHO and UNIDO) 15.00-18.00, Room 27 Investment, Tax and Development Tax Dialogue (with UN-DESA) 18.00-21.30 Geneva City & Canton Reception Wednesday, 15 October 10.00-13.00, Assembly Hall World Leaders Investment Summit II Investment Policies and Development Strategies 13.00-15.00, Delegates Restaurant (8 th Floor) Thought Leaders Working Luncheon (by invitation only) 13.00-15.00 Private Sector Solutions for Sustainable Development Investment Stakeholders Networking Luncheon 13.00-18.00, Maison de la Paix Setting a New Policy Research Agenda Multi-disciplinary Academic Conference (with AIB and IHEID) 15.00-18.00, Room 26 Promoting Long-Term Sustainable Investment Tripartite Dialogue with Sovereign Investors 15.00-18.00, Room 24 Investment Promotion Conference - Attracting FDI into Infrastructure (with the World Economic Forum) - FDI to Realize a Green Growth Vision? (with UNEP-FI) 15.00-18.00, Room 25 Making Value Chains Work for the Poor High-Level Round Table 15.00-18.00, Room 23 Investment and Regional Integration Inter-Regional Dialogue 15.00-18.00, Room 27 Capital Markets and Economic Growth Capital Markets Dialogue (with IOSCO) 15.00-18.00, Room 19 Human Rights and Investment Policy Making: Relevance and Integration Symposium on Business and Human Rights (with the OHCHR) 18.00-21.30 Empretec Women in Business Awards 2014 (by invitation only) Thursday, 16 October 09.00-13.00, Room 25 and 26 Reforming the International Investment Agreements Regime IIA Conference 10.00-13.00, Room 24 Investment in Landlocked Developing Countries High-level Meeting (with UN-OHRLLS) 10.00-13.00, 1 st Floor Talking Business Developing Country Investment Opportunities Showcase 10.00-13.00, Room 11 Business Schools for Impact Network Event 10.00-13.00, Room 19 Leveraging Private Finance for Sustainable Development Round Table Investment Impact (with Global Compact and PRI) 10.00-13.00, Room 23 Creating More and Better Jobs Through Investment Labour Dialogue (with the ILO) 10.30-12.30 Multi-Stakeholder Dialogue on Investing in Sustainable Development (with the IPU) 13.00-15.00 Networking and Investment Promotion Initiatives 13.00-15.00 Principles for Responsible Agricultural Investment Inter-Agency Initiative (with the World Bank, FAO and IFAD) 15.00-18.00, Room 20 Ministerial Round Table Financing for the Sustainable Development Goals 18.00-21.00 Closing Ceremony and Presentation by the Host of the Forthcoming World Investment Forum

Monday, 13 October 10.00-18.00 Workshop on Future Directions of the Corporate Reporting Model 16.00-18.00 Geneva Cleantech Cluster: Lessons Learned (led by Geneva Economic Development Office) Tuesday, 14 October 15.30-17.30, CICG (Copy Room) Corporate Investment in Sustainable Development (with IPU) XX.XX - XX.XX, Room 24 (tentative) 17 th Africa Oil, Gas and Mines Trade and Finance Conference and Exhibition Wednesday, 15 October 10.00-13.00, Room 18 31 st Session of ISAR: High-level Segment on Compliance and Enforcement Mechanisms for Corporate Reporting Regulations Part I 09.00-13.00, Room 11 UNEP Finance Initiative AGM (members only) 15:00-18:00, Room 18 31 st Session of ISAR: High-level Segment on Compliance and Enforcement Mechanisms for Corporate Reporting Regulations Part II 14.00-18.00, Room 11 UNEP Finance Initiative AGM (open session) 15:00-18:00, Room 27 Global iguides Meeting (GIM) Part I Thursday, 16 October 10.00-13.00, Room 18 31 st ISAR Session: Key Foundations for High-level Corporate Reporting, Good Practice of Monitoring, Enforcement and Compliance Part I 15:00-18:00, Room 18 31 st ISAR Session: Key Foundations for High-level Corporate Reporting, Good Practice of Monitoring, Enforcement and Compliance Part II Friday, 17 October 10.00-13.00, Room 18 31 st ISAR Session: Seminar on the Accounting Development Tool (ADT) 10:00-13:00, Room 27 Global iguides Meeting (GIM) Part II 15:00-18:00, Room 18 31 st ISAR Session: Institutional Items 3

The Opening Ceremony will take place in the presence of the highest level representation from the host country, Switzerland, UNCTAD member States, the global business community, as well as the United Nations and other organizations. Honouring the world s best agencies in promoting investment for sustainable development. Investing in Sustainable Development: Vision and Roadmap The Summit convenes Heads of State and Government and chief executives of global companies to discuss the role of investment in achieving sustainable development. State leaders will share their views on the main challenges policy makers face when channeling investment towards sustainable development, while the world s leading business executives will present the corporate perspective on the role of the private sector in this endeavour. The Summit will provide participants with a rich, solutions-oriented discussion, drawing on the insights of the leaders present. What are the policy challenges, trade-offs and constraints for channeling private investment into the SDG sectors? What are the factors that shape the role of the public and private sector in the pursuit of sustainable and inclusive growth? What are the global policy imperatives in this context and how best can these be translated at the national and regional level? Poverty Alleviation in the Poorest Countries The Investment Advisory Council, a joint initiative by UNCTAD and the International Chamber of Commerce, offers a platform for Heads of State and government, CEOs of global companies, as well as heads of international organizations to discuss poverty reduction initiatives. In collaboration with the International Chamber of Commerce (ICC). 4

Investment Stakeholders Networking Luncheon A series of interactive presentations by private sector innovators on corporate best practice in response to global sustainability challenges. 4 th Global Dialogue The Sustainable Stock Exchanges (SSE) initiative is a peer-to-peer learning platform for exploring how stock exchanges in collaboration with policy makers, investors, regulators and companies can promote responsible investment for sustainable development. The 2014 Global Dialogue of the Sustainable Stock Exchanges Initiative convenes securities regulators, stock exchange executives, institutional investors, CEOs and ministers to identify ways to harness capital markets for sustainable development. A joint UN initiative co-organized by UNCTAD, the UN Global Compact, the UN-supported Principles for Responsible Investment and the United Nations Environmental Programme Finance Initiative (UNEP FI). What role can stock exchanges, regulators and investors play to improve the environmental, social and governance (ESG) performance of companies? What are the experiences of listed companies relating to promoting ESG? What are the main challenges for taking this agenda forward? Following on developments since the 2012 Sustainable Stock Exchanges Dialogue, how can momentum be maintained over the next twelve months? How can exchanges and other capital market participants contribute to the financing of the Sustainable Development Goals? What next steps can be taken by regulators, investors, ministers and stock exchanges collectively? Sustainable Cities Round Table City mayors and urban design innovators in a discussion on the most promising investment initiatives and policy practice for building sustainable cities. This event is organized by the UN Sustainable Development Solutions Network (UN-SDSN), led by Jeffrey Sachs, in collaboration with UNCTAD. What role for private investment in addressing pressing challenges faced by mega cities, including to uplift the urban poor? What governance structure, including for foreign investment, will create more inclusive cities? How best can the private sector contribute to the maintenance and sustainable development of mega cities? 5

Dialogue on Investment and Gender The event will review research on experiences with, and the impact of, transnational corporations (TNCs) on gender, and consider avenues for policy makers to learn from this, in particular to minimize risks and maximize the benefits of TNC activities for women. A moderated, interactive dialogue between international experts and practitioners. Organized in partnership with UN Women. What are the gender-related effects and implications of investment by TNCs in developing countries, both positive and negative? What are the broader economic and social dimensions and implications? Which strategies by TNCs have proven effective in raising women's empowerment in developing countries? What factors have contributed to this? How can issues of women equality, empowerment and sustainable beneficial outcomes best be integrated in FDI policies? Policy Debate on Public Health Domestic pharmaceutical production capability is increasingly seen as a priority for many developing countries. Governments have adopted various strategies to establish domestic manufacturing expertise. This session introduces three investment models for the pharmaceutical industry: state-owned, public-private, and privately-owned enterprises. It will examine the respective strengths and weaknesses of these investment options for meeting public health objectives, such as access to medicines. The session will be of interest to policy makers in countries actively seeking to scale up their local pharmaceutical industry, as well as to investment promotion agencies that have identified pharmaceutical production as a priority sector. Session organized in partnership with the World Health Organization (WHO) and the United Nations Industrial Development Organization (UNIDO). What are the dynamics of providing access to medicines in developing countries? Is there scope for public endeavour to facilitate access to medicines, particularly to marginalized sections of the population? How can publicly-owned pharmaceutical firms be turned into full-fledged competitors to private sector firms? What means, other than private equity, exist to encourage private pharmaceutical firms to take on board public health concerns? Tax Dialogue (with UN-DESA) 6

Investment Policies and Development Strategies Heads of States deliberate with Nobel laureates and private sector innovators on optimal ways to channel diverse policy strands towards a common objective: achieving the Sustainable Development Goals (SDGs). How can the linkages between industrial, investment and development strategies be optimally leveraged in pursuit of the SDGs? How can public and private actors optimize synergies in pursuing SDG strategies? What are the policy gaps and how can they be optimally addressed at the national, regional and global level? In the outcome of the High-level Plenary Meeting of the General Assembly on the Millennium Development Goals (MDGs) in 2010, Heads of State and Government expressed deep concern that the progress made in achieving the MDGs falls far short of what is needed, and called upon the private sector to further contribute to poverty eradication, including by adapting its business models to the needs and possibilities of the poor. Private sector engagement to contribute to global development objectives is seen as imperative. From voluntary action to mandatory standards? Assessing the evolution of the global corporate social governance system. Public and private sector engagement on sustainability concerns: how to create the right balance? Investment Stakeholders Networking Luncheon A series of interactive presentations by private sector innovators on corporate best practice in response to global sustainability challenges. Multi-disciplinary Academic Conference Organized in cooperation with academic partners, including the Academy of International Business (AIB) and the Geneva Graduate Institute (IHEID), the conference will take the form of a multi-disciplinary dialogue to set the research agenda for future sustainable development policies, encompassing international business strategies, investment policies and development economics. 7

How can a multi-disciplinary approach to research on Sustainable Development Goals especially investment in SDGs lead to better results and more fruitful policy outcomes? What are the methodological implications for such an approach? What sort of institutional frameworks are required to further such research and analysis? Which themes and topics best lend themselves to such research and analysis; which should be prioritized and why? (Defining the research framework) What next? Practical steps to build on the dialogue, involve key stakeholders and put multi-disciplinary research and analysis on investment for development into action. Tripartite Dialogue with Sovereign Investors Sovereign wealth funds (SWFs) manage estimated assets of more than $5 trillion, and sovereign and public sector funds worldwide almost triple this figure. With a long-term investment horizon, these sovereign investors have great potential to contribute to sustainable development through investment in pro-development sectors, such as infrastructure, agriculture and healthcare. Leading SWF and pension fund executives as well as investment experts explore appropriate policy measures to maximize sovereign-led investment and actions to advance the sustainable development agenda. What opportunities do sovereign investors see in underdeveloped regions and what challenges do they face in investing in sustainable development? What schemes and investment tools could contribute to improving the risk-benefit matrix of investment in developing regions? What can prospective host countries do to promote and facilitate the participation of SWFs and pension funds in investment projects for sustainable development? Session 1: Attracting FDI into Infrastructure Session 2: FDI to Realize a Green Growth Vision? Global financing requirements for infrastructure are estimated at $1 trillion per year through 2020. Adding a green vision dimension to this equation may raises this bar by another almost $300 million per year. Part of this financing will need to come from private investors. However, the involvement of private entities in infrastructure projects has never been straightforward. Governments may need to address sectoral reforms in infrastructure markets as well as building up institutional and human capacity to handle the complex nature of project finance transactions. WIF s Investment Promotion Conference has been specifically designed with an audience if senior investment promotion officers in mind. At these two sessions heads of investment promotion agencies, investment location experts and CEOs will discuss these issues in a session co-organized with the United Nations Environment Programme Finance Initiative (UNEP-FI) and the World Economic Forum (WEF). What national and international innovative options are available for private and public financing for the development and maintenance of infrastructure? 8

How can governments and investment promotion agencies prioritize strategic infrastructure projects and effectively promote them for FDI? What is the added complexity of green/greening infrastructure and how does it add to the cost/risk mix? What can regional banks and outward investment agencies do to play a meaningful role? High-Level Round Table Experts discuss how best to promote inclusive and sustainable value chains as a means to empower small enterprises. The dialogue will also explore options to formalize the informal economy and strategies to mainstream women, youth and minority interests. Linking local SMEs and communities to global value chains: what policy options? Sustainable value chains and global competition: how to maintain a level playing field? How can women entrepreneurs be better integrated into sustainable value chains? Inter-Regional Dialogue Regional and inter-regional economic integration is an important feature of today's economic landscape and also has an impact on FDI flows and corporate operations. Leaders from regional economic groupings and banks, and analysts will exchange experiences and lessons learned in this area and explore regional synergies. Hosted in collaboration with regional organizations. How has regional integration in different parts of the world influenced corporate investment strategies and shaped regional value chains; and how did they in turn strengthen regional integration? How do global/regional value chains affect and shape regional economic integration efforts? What mechanisms can be adopted at the multilateral level to facilitate the exchange of experience and lessons learned among regional groupings? Capital Markets Dialogue Global banking de-leveraging and shrinking public financing are constraining global credit supply. The private sector will increasingly have to provide the long-term pension products for retirement and for infrastructure financing. Capital markets and market-based financing instruments are therefore at a critical juncture. Given the increase in intra-financial business within the banking industry and the tighter lending environment post-banking reforms, capital markets have to be instrumental in filling this gap. Organized in partnership with the International Organization of Securities Commissions (IOSCO). 9

How can policy makers and regulators further promote sustainable and integrated securities markets, and enhance global coordination and converged regulation? How can policy makers strengthen systemic implementation of international standards? What can be done to ensure that global financial regulatory institutions are appropriately resourced and have adequate powers? How can the risks of regulatory fragmentation be reduced or mitigated? What steps can be taken to further strengthen the supervision and enforcement mechanisms of regulators in order to promote a competitive and transparent financial industry? How can the transparency of the financial industry be further enhanced to discipline risk taking? What mechanisms need to be in place to establish effective investor protection and financial stability? What can policy makers and regulators do to promote investor confidence? What is the current state of international financial reform and what role will this play? Symposium on Business and Human Rights Normative developments, including the UN Guiding Principles on Business and Human Rights, specify that government and market actors have respective duties and responsibilities to safeguard human rights in the context of all business activity, including investment. Yet, an understanding of how human rights are relevant to investment and what that implies for investment policy making is still nascent. A panel of experts will explore recent developments and the way forward. Organized in cooperation with the United Nations Office of the High Commissioner on Human Rights (OHCHR). How are human rights relevant to investment given the experience of State, commercial and civil society practitioners? What implications may the relevance of human rights have for investment policy making at the domestic and international levels? What good practice or new initiatives to integrate human rights into investment policy making can be identified? Gala Cocktail (by invitation only) Honouring exceptional women-owned businesses, identified by UNCTAD's programme for the promotion of entrepreneurship and business development operative in 33 developing countries. 10

IIA Conference Over the past years, numerous countries have reviewed their approach to investment-related rule-making. This is evidenced, among others, by the growing trend to devise investment policies aimed at addressing specific economic, social and environmental concerns, reforming investor-state Dispute Settlement (ISDS) provisions and at maximizing the sustainable development contribution of foreign investment. The conference will join together IIA negotiators, investment practitioners, legal scholars, and representatives from civil society and the private sector to consider reform options for the IIA regime and ISDS to better align the IIA regime with the sustainable development agenda. What are the options available for Governments to reform the IIA regime? And the investor-state Dispute Settlement system? What are the reform opportunities arising from the expiration of earlier BITs and current trends of negotiating 'mega-regionals'? How can UNCTAD and its Investment Policy Framework for Sustainable Development, support countries in their efforts to reform and refine this already significant body of law? High-level Meeting Foreign direct investment to Land-locked Developing Countries (LLDCs) has been historically small but is on the rise with transnational corporations from the South continuing to be the main source. Many LLDCs have improved their investment climate and opened up sectors to foreign investment, but larger portions of foreign investment to these countries are dominated by extractive industries. LLDC ministers, corporation executives, heads of investment promotion agencies and international investment experts will discuss strategies to increase investment in productive capacity in LLDCs. Organized in collaboration with the Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS). What strategies for LLDC Governments to direct FDI to growth and labourintensive sectors? Can the 2013 Bali Agreement on trade facilitation help unlock greater FDI flows to LLDCs? Accelerating investment flows to LLDCs: can regional integration be a game changer? Developing Country Investment Opportunities Showcase Top officials showcase investment opportunities in their countries a chance for business to 11

explore new investment horizons. Country-specific investment policy reviews and investment guides will be available at these events. Network Event In the outcome of the High-level Plenary Meeting of the General Assembly on the Millennium Development Goals (MDGs) in 2010, government leaders called on the private sector to accelerate its contribution to poverty eradication, including by adapting its business models to the needs and possibilities of the poor. The pro-poor business network project was developed in response to this call and has the objective to boost pro-poor investment. Academics, social entrepreneurs, students and trainers meet to discuss the practical challenges of investing in underdeveloped regions and communities. The new UNCTAD initiative will be unveiled during the session. How can the mold of conventional Masters of Business Administration be changed to advance the pro-poor investment agenda among business students? What are the essential elements of a pro-poor investment curriculum? What initiatives and incentives can prompt graduates to deploy their skills in the poorest countries and among the poor? Round Table on Investment Impact Global private finance has increasingly embraced the sustainability agenda over the past decades and has built up the clout to become a major engine for driving sustainable outcomes. A panel session, followed by world café-style discussions between investors, transnational corporations, financial institutions, multilateral agencies, foundations and public officials will be organized. It will consider the need for a framework to harmonize definitions and standards to measure impact; and develop new tools and approaches to embed goalsetting, monitoring and impact-reporting within decision-making processes of the investment value chain. Organized in partnership with UN Global Compact and Principles for Responsible Investment (PRI). What policy and regulatory frameworks as well as effective incentives can assist the development of private finance that seeks to deliver social or environmental benefits, in addition to financial returns? What are the key elements of successful partnerships between the public sector, the private sector and foundations to mobilize private sustainability finance? How can each of the stakeholders in these partnerships leverage their unique characteristics and add the greatest value? How can private actors include goal setting practices covering sustainability targets? How can impact be measured and reported? 12

Labour Dialogue (with the ILO) Investment contributes most effectively to achieving the Millennium Development Goals when it maximizes the creation of more and better jobs. Investors can actively seek to expand their backward and forward linkages with local enterprises, support the improvement of working conditions and inclusion of vulnerable groups and contribute more broadly to sustainable enterprise development. In today's interconnected world, society is increasingly looking to investors to make such positive contributions to economic and social development. This session will explore how government and corporate policies can be harnessed more effectively to boost employment opportunities and strengthen respect for workers' fundamental rights. What are the essential elements of an effective government policy for more and better jobs through FDI, in line with national development priorities? What are investors doing to support greater opportunities for job creation and improve the quality of jobs in host countries? How can investment agencies stimulate greater synergies between government and investor policies? What guidance does ILO have to offer? with the IPU A series of presentations and networking sessions for developing and transition economies to showcase investment opportunities in strategic sectors. Inter-Agency Initiative UNCTAD, the Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Bank jointly developed a set of Principles for Responsible Agricultural Investment that respects rights, livelihoods and resources. The seven Principles cover all types of investment in agriculture, including business models with close linkages between investors and contract farmers. The Principles have been endorsed by the G20 and the UN General Assembly and piloted in many developing countries, notably in Africa and Asia. Participants will debate the experiences and impact of transnational corporations' investment in agriculture, and consider avenues for investors and policy makers to minimize associated risks and maximize benefits. Organized in collaboration with the above partner organizations. 13

How can corporate investment in agriculture best contribute to the Sustainable Development Goals? What are the main challenges that host and home country governments, investors, local communities and civil society face in ensuring this positive contribution? Which solutions are most effective? What practice and business models ensure that corporate investment is complementary to the operations of local smallholders and the overall wellbeing of the economy? Financing for the Sustainable Development Goals A significant ratcheting up of investment will be required to achieve the Sustainable Development Goals (SDGs), and the private sector will be a vital partner to public efforts to this effect. Indeed, the role of investment to generate productive capacity will be at the heart of efforts to meet the SDGs. Ministers and heads of international organizations will consider appropriate policy frameworks for sustainable investment, and propose strategies to engage private sector stakeholders to finance the SDGs. How can policies be deployed to engage private sector funding for the SDGs? What factors shape private sector involvement in the sustainable and inclusive growth agenda? Should an international governance structure frame different actors roles; what form should it take? 14

Led by Geneva Economic Development Office Geneva is set on becoming a centre of excellence for clean technology by 2020, building on the input of established foreign investors such as Dupont, ABB, SunPower Systems; public commitment and institutional support for start-ups; specialized finance institutions; world-class technical research and development; and training centres, such as the University Geneva and CERN. This IPA best practice workshop, led by Geneva Economic Development Office, features the region's foreign direct investment (FDI) strategy and challenges ahead, as well as company CEOs sharing their rationale for investment and growth in this cluster. Tripartite Dialogue (with the Inter-Parliamentary Union) Lawmakers have a powerful role to help instill sustainable development objectives in regulatory frameworks. Organized as part of the 131st Inter-Parliamentary Union (IPU) Assembly, this session will bring together parliamentarians from around the world in a multistakeholder dialogue with business executives, ministers and heads of international organizations to discuss the legislative and regulatory frameworks to support investment into SDG sectors and ensure development impact. The session will be co-chaired by the President of the IPU and the Secretary-General of UNCTAD. What policy and regulatory frameworks, and incentives, can open channels of private finance for delivering social and environmental benefits over and above financial returns? What are the key elements of successful partnerships between the public sector, private sector and foundations to mobilize private finance for sustainability? How can each of these stakeholders leverage their unique characteristics for most value added? How can private actors include goal setting practices covering sustainability targets? How can impact be measured and reported? 15

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