Multi-Akteurs-Partnerschaften Private Sector Engagement

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Private Sector Engagement

Private sector engagement

Along with policy-makers, civil society and the academic community, the private sector also has a key role to play in achieving the goals of the 2030 Agenda. From raising the level of local education to building sustainable value and supply chains and combating corruption, multi-stakeholder partnerships allow actors to pursue common interests and work on them in a way that generates benefits for all involved. At the same time, they contribute to implementing sustainable development.

Cooperation with the private sector is an integral component of a variety of multi-stakeholder partnerships (MSPs). MSPs are coalitions made up of a variety of partners tackling common challenges on an equal footing. In this way, MSPs benefit from the expertise and capacities that companies can provide. In turn, the companies benefit not only from effective solutions that have been jointly developed, but also from an exchange of knowledge and experience. By pooling skills, resources and know-how, the added value generated can far exceed the efforts of individual stakeholders.

Corporate social responsibility, supply chain due diligence, etc.

In order to support a sustainable economic system in line with the 2030 Agenda, companies are required to implement the stricter and more comprehensive directives regularly enacted at various legislative levels. Aside from these legal requirements, a growing number of customers, employees and investors also want to know the extent to which a company and its suppliers operate sustainably – in other words: how sustainable is the value chain? The sustainability of a company’s business practices and supply chains has an increasing influence on its economic success.

MSPs can be a suitable instrument for developing concrete and practicable solutions for sustainable business processes with other companies in a sector, as well as with government agencies, civil society and the academic community. The strengthening and leveraging of synergies between voluntary and mandatory measures is an explicit added value of MSPs.

MSP in supply chains
Multi-stakeholder partnerships contribute to the protection of human rights and the environment in the context of the German Act on Corporate Due Diligence Obligations in Supply Chains (LkSG). The Federal Ministry of Labour and Social Affairs (BMAS) provides information on this:

Involving the private sector in MSPs: the business case, using the Alliance for Integrity as an example
One question which often arises during the initiation phase of an MSP is how exactly to involve the private sector or attract individual companies into an MSP. Find out from staff and supporters at the Alliance for Integrity how the private sector can participate effectively in a beneficial partnership for sustainable development and what benefits there are for the state: