SDGs Roll-out Support and Private Sector Engagement
What is the Project About?
The project aims to capacitate and prepare private and public sector partners in Bosnia and Herzegovina for the SDGs implementation, thus directly supporting Bosnia and Herzegovina’s efforts to contribute to the largest global agenda that exists today – Agenda 2030. The project envisages two outputs as follows:
- SDG Roadmap for Bosnia and Herzegovina developed, and implementation started.
- Private sector actors sensitized and engaged in SDGs prioritization, planning and implementation.
The Project will help Bosnia and Herzegovina translate the ambitious 2030 Agenda into action, by bringing the relevant stakeholders together around the SDG Roadmap. This will entail an SDG aligning exercise, SDG planning, partnership building and introduction of adequate institutional arrangements, monitoring and reporting, as well as defining of a financing model. The SDG Roadmap will be a forward-looking agenda with a clear vision for the country to address the identified trends.
What We Do?
To contextualise the 2030 agenda to Bosnia and Herzegovina, stakeholders will take stock of where the country stands with regards to achieving all seventeen goals. Such initial rapid review of the key dimensions of sustainable development, including economic development, social inclusion, and sustainable environmental management will help develop a shared understanding of priorities for implementation.
This information will help to discern where Bosnia and Herzegovina is lagging far behind the SDG targets and to articulate priority goals. To achieve goals as complex as the SDGs, Bosnia and Herzegovina will develop a plan, with government taking the lead supported by the active engagement of business, academia, and civil society. This will help governments and other stakeholders to think over a 15-year time horizon and answer the question how Bosnia and Herzegovina can achieve the SDGs and/or what a company, organization or institution can contribute.
Efforts will be made to ensure strong business representation in the SDG planning process. Through structured consultations, private sector actors in Bosnia and Herzegovina will be sensitized and brought together around the sustainable development agenda. The focus will be on the important private sector role in this context, including in terms of their social responsibility, green businesses and greening businesses, as well as innovation and new business models, new business opportunities and markets. Profit-driven nature of companies will be kept in mind, figuring out ways to present SDG principles and values as future business opportunities that will enable companies to grow and contribute to development priorities. In this context, values and principles of the UN Global Compact will be built upon. A high-level conference will be organised in partnership with businesses from Bosnia and Herzegovina and Sweden, to raise awareness, promote good practices and private sector role in Agenda 2030. Additionally, business leaders who are doing an exceptional job of taking action to advance the SDGs will be promoted as SDG business pioneers.
In addition to the 2030 vision, targets, milestones, and steps that need to be taken to achieve the desired endpoint by the desired date, the SDG plan/framework will also include financing needs. SDGs implementation will require mobilizing of adequate public and private resources. Thus, needs assessments will carried out to determine the volume of public and private investment required, considering also that in some cases, regulations, taxes or subsidies can help redirect private investments towards supporting SDG outcomes. This will allow for the milestones to be translated into a quantified strategy – typically including an investment plan and financing strategy – that can be used within ministries and released to the public for broader consultation. A set of national indicators will be developed in line with context-specific priorities and concerns, to help track progress on the SDG agenda.
News on SDGs in Bosnia and Herzegovina
SDG Conference in Bosnia and Herzegovina, April 2017
SDG consultation tool
Phone: +387 33 293 400 Fax: +387 33 552 330 Email: email@example.com