To read – The B20 Communique and Policy Recommendations to the G20 – click here

“Building consensus for fair and sustainable development” is the main theme and objective of the G20 Argentina agenda.

Sustainable Development has been defined as the one that meets the needs of the present without compromising the ability of future generations to meet their own needs . In turn, the concept of fairness in this theme recognizes that benefits from past decades of global growth have not been equally shared, that rules need to be adapted, adjusted or newly defined in order to achieve an inclusive level playing field.

In this respect, the priorities set by the G20 Argentina Presidency: unleashing people’s potential through quality education, building infrastructure for development and ensuring a sustainable food future, while promoting gender equality, are indeed fundamental enablers of a developed and inclusive future.

The Business Community of the G20 countries firmly believes that multilateral cooperation is crucial to define consistent rules and standards that ensure investment predictability, promote economic growth and ultimately improve governability. In this respect, the United Nations 2015 Sustainable Development Goals comprise the most ambitious multilateral consensus Consequently, the B20 adopted this agenda as a fundamental guidance for policy making.

Ten months into the G20 Argentine Presidency, the 1200 companies and business federations members of the B20, have engaged into more than 56 task force meetings to provide meaningful consensus-based recommendations into eight policy documents for the G20 leaders as a contribution toward these goals. Throughout this period, the B20 joined efforts with other engagement groups to promote a comprehensive viewpoint on themes aligned with the priorities set by the G20 Argentine Presidency. As a result, seven joint documents were also issued with C20, L20, W20, T20 & Y20.

Our societies expect from the G20 more than a set of shared principles, they expect concrete actions and solutions to crucial challenges, prioritizing relevance and impact of results.

In this regard, we focused on the most fundamental and structural issues deemed to be urgent and implementable, either at multilateral level or within national policies, looking for consensus on best practices for moving forward.

Policy Recommendations and action plans presented in this document belong to three main pillars:

I. EQUAL OPPORTUNITIES AND INCLUSIVENESS

II. PROMOTING GROWTH

III. CLIMATE ACTION AND SUSTAINABLE USE OF RESOURCES

These set of recommendations constitute a framework that looks towards substantial global poverty reduction by providing decent work and economic growth, as well as reduction of inequalities.

As stated before, all this work would be insubstantial without implementation. We made a point of building upon prior work, accounting for progress made and understanding roadblocks. Therefore, the B20 also wishes to contribute to the G20 by providing concrete action plans, commitments and key performance indicators.

It is of utmost importance to point out that almost 75% of our proposed action plans are implementable at national level and should therefore drive a compelling agenda for G20 governments. In turn, the outcome of enacting this agenda could become a set of best practices to be shared with other non-G20 countries, leading by example. On the other hand, the remaining 25% of the B20 action plans are meant to be discussed and implemented within multilateral forums.

We are fully committed to building consensus with governments and all members of civil society in order to advance concrete measures that will ensure a fair, inclusive and sustainable future.

Source: B20 Argentina

Image: B20/ G20 Argentina