High-level panel report falls short of CSO expectations—CPG: Page 2 of 2

Posted on 17 June 2013
environment and boosting entrepreneurship” but is silent on the long experience of many countries where neoliberal pro-business policies have led to jobless growth.
The report refers to accountability mechanisms for states and business alike, but fails to recognize the need for stronger regulatory frameworks especially directed at the corporate sector, which is responsible for much of the unsustainable production and consumption patterns and human right violations prevalent in the world today.  Instead it relies on the “willingness on the part of large corporations as well as governments to report on their social and environmental impact in addition to releasing financial accounts.”
Repeated calls to the HLP have emphasized that we need a new and transformative development model. We have called for goals that aim for redistribution of wealth, power and resources between countries, between rich and poor and between men and women. But it appears that the HLP report would put business at the centre of the development agenda rather than end business as usual.#
Global Region: