Millennium Development Goals

There are three broad reasons why it makes sound business sense to contribute towards the achievement of the Millennium Development Goals. Each one is crucial pillar for building successful and competitive private business enterprises:

 

1. INVESTING IN A SOUND BUSINESS ENVIRONMENT
   business benefits from operating in stable and secure societies, well governed, predictable and non-corrupt economies.
2. MANAGING DIRECT COSTS and RISKS
   invest in building and maintaining capital resources to reduce cost of doing business and improve efficiency.
3. HARNESSING NEW BUSINESS OPPORTUNITIES
   invest in new and innovative technologies that create new products and services that promote public good.

 

In April 2002, the Prince of Wales International Business Leaders Forum (IBLF) gathered business leaders, development organizations and governments in the United Kingdom to discuss the strategic role of business in achieving the MDGs. In developing countries and transition economies such as the Philippines, the business sector is expected to strenghen the capacity of governments to accomplish the huge challenge of the MDGs. The summit consequently agreed to take action at the country level.

To gather support from the Philippine business sector to achieve the country’s MDG targets, the PBSP – Center for Corporate Citizenship (PBSP-CCC) led the development of The Philippine Business Response to the Millennium Development Challenge in coordination with the National Economic and Development Authority (NEDA), United Nation Development Program (UNDP) and the Office of the UN Resident Coordinator (UNRC).