Global Goals Yearbook 2018
The future of the United Nations is more uncertain than at any time before. Like his predecessors, UN Secretary General, Antonio Guterres, has promised to reform the United Nations. Drivers are two major agreements: The 2030 Agenda for Sustainable Development and the Paris Climate Accord. Both stand for a move away from statal top-down multilateralism towards new form of partnership between the public and the private sector as well as the civil society. The Global Goals Yearbook, published under the auspices of the macondo foundation, therefore covers „Partnership for the Goals“ as its 2018 main topic. Our world is truly not sustainable at this time. To make the 2030 Agenda for Sustainable Development a success story, we need an enormous increase in effort. This cannot happen without help from the private sector. But businesses need a reason to contribute as well as attractive partnerships that are based on win-win constellations. We have no alternative but to rethink the role that public–private partnerships can play in this effort. That is why United Nations Secretary-General António Guterres is calling upon UN entities to strengthen and better align their private-sector engagement. In every change there is a new chance. The Global Goals Yearbook 2018 discusses the multiple aspects of how private sector engagement can be improved. Recommendations are, among others, to revise multilaterism, partnership models and processes and to invest more in trust, a failure culture as well as metrics and monitoring. When businesses engage in partnerships for the Goals, this is more than just signing checks. It means inserting the “do good” imperative of the SDGs into corporate culture, business cases, innovation cycles, investor relationships, and, of course, the daily management processes and (extra-)financial reporting. The Yearbook includes arguments from academic and business experts, the World Bank and the Club of Rome as well as UN entities, among them UNDP, UNSSC, UNOPS, UN JIU, and UN DESA.
The future of the United Nations is more uncertain than at any time before. Like his predecessors, UN Secretary General, Antonio Guterres, has promised to reform the United Nations. Drivers are two major agreements: The 2030 Agenda for Sustainable Development and the Paris Climate Accord. Both stand for a move away from statal top-down multilateralism towards new form of partnership between the public and the private sector as well as the civil society. The Global Goals Yearbook, published under the auspices of the macondo foundation, therefore covers „Partnership for the Goals“ as its 2018 main topic.
Our world is truly not sustainable at this time. To make the 2030 Agenda for Sustainable Development a success story, we need an enormous increase in effort. This cannot happen without help from the private sector. But businesses need a reason to contribute as well as attractive partnerships that are based on win-win constellations.
We have no alternative but to rethink the role that public–private partnerships can play in this effort. That is why United Nations Secretary-General António Guterres is calling upon UN entities to strengthen and better align their private-sector engagement. In every change there is a new chance.
The Global Goals Yearbook 2018 discusses the multiple aspects of how private sector engagement can be improved. Recommendations are, among others, to revise multilaterism, partnership models and processes and to invest more in trust, a failure culture as well as metrics and monitoring.
When businesses engage in partnerships for the Goals, this is more than just signing checks. It means inserting the “do good” imperative of the SDGs into corporate culture, business cases, innovation cycles, investor relationships, and, of course, the daily management processes and (extra-)financial reporting.
The Yearbook includes arguments from academic and business experts, the World Bank and the Club of Rome as well as UN entities, among them UNDP, UNSSC, UNOPS, UN JIU, and UN DESA.
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In 2016, 286,160 savings<br />
accounts were<br />
opened, and in 2017 this<br />
number increased<br />
to 366,897.<br />
The strategy has continued to be a success:<br />
In 2016, 286,160 savings accounts<br />
were opened, and in 2017 the number<br />
increased to 366,897. By increasing access<br />
to finance for Colombian citizens,<br />
this project promotes financial inclusion<br />
for all. This is a key component of Scotiabank’s<br />
corporate social responsibility<br />
strategy.<br />
Scotiabank believes every customer has<br />
the right to become better off, which<br />
includes providing them with the solutions<br />
and tools to allow them to access<br />
essential financial services. We have<br />
invested in providing access to finance<br />
because, when our customers have access<br />
to financial services, everyone benefits:<br />
Individuals and families are equipped to<br />
prepare for the future, our bank helps<br />
more customers, and society enjoys more<br />
opportunities for success. This priority,<br />
along with the Zero Fees Strategy initiative<br />
in Colombia, is directly in-line with<br />
UN Sustainable Development Goal 8<br />
(decent work and economic growth), as<br />
it is able to assist in strengthening the<br />
capacity of domestic financial institutions<br />
to encourage and expand access to<br />
banking, insurance, and financial<br />
services to all. This is also an example<br />
of SDG 1 (no poverty) and also SDG 10<br />
(reduced inequalities), in which equal<br />
rights to economic resources and economic<br />
inclusion are ensured.<br />
The Zero Fees Strategy is just one example<br />
of Scotiabank’s efforts to increase the<br />
ability of individuals and enterprises to<br />
access essential financial services.<br />
OTHER SCOTIABANK INITIATIVES RELATING TO<br />
ACCESS TO FINANCE:<br />
ACCESS TO<br />
FINANCIAL SERVICES<br />
Zero Fees Strategy<br />
The Zero Fees Strategy, one of the<br />
first of its kind for Banco Colpatria<br />
(a subsidiary of Scotiabank), has<br />
been able to demonstrate that<br />
banking is a safe place where<br />
people can trust that their money<br />
is being handled, without costing<br />
them a thing in administration<br />
fees, thereby encouraging more<br />
Colombians to access the financial<br />
system.<br />
This initiative resulted in the<br />
following new accounts being<br />
opened:<br />
286,160 savings accounts in 2016<br />
366,897 savings accounts in 2017<br />
Important related themes:<br />
• Promotion of financial inclusion<br />
• Innovation and digitalization<br />
• Creation of products with social<br />
benefits<br />
<strong>Global</strong> <strong>Goals</strong> <strong>Yearbook</strong> <strong>2018</strong> 157
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