World's Best News - The Business of Development

Monday Morning Global Institute.

The survey is based on responses from more than 5,500 public and private sector leaders around the world, and shows that while leaders see opportunities for business in all 17 devel-opment goals, they are

especially focused on the “basic need” goals that relate to well-being, good health, and creating decent jobs.

“We are entering an era where sustainable business is the new normal. Companies that do business responsibly and find opportunities to solve global challenges will be the business lead-ers of tomorrow”, says Lise Kingo and adds:

“The Global Goals are like a lighthouse that will guide investments, innovations and growth of new markets”.

The global economy will need massive investments of five to seven trillion dollars a year through 2030, in order to reach the targets of the UN Global Goals, according to a UN estimate.

Aim to improve societiesThe 17 goals aim to solve or drastically reduce a long list of the world’s

most serious problems that cause human suf-fering and restrict global development.

“The new goals aim to significantly improve our societies, and in doing so will break down many of the barriers and challeng-es that companies face in so many markets: poverty, lack of skilled labour, instability, or a declining environment. That is why companies around the world are tuning in to the goals,” says Lise Kingo,

director of the UN Global Compact.

A golden opportunitySolving these large-scale challenges will require in-vestments in industry, ag-riculture, infrastructure, water supply, forestry, healthcare, and other areas. This makes the Global Goals a ‘golden opportunity’ for business, according to the Global Opportunity Report 2016, published by DNV GL, UN Global Compact, and

Editorial

Thomas Ravn-Pedersen, Editor-in-chief, World’s Best News

This year, the world has entered the era of the most ambitious and comprehen-sive plan to make a better planet. A plan for a more sustainable future.

The Global Goals have the potential to affect bil-lions of people around the world. By 2030, we want a world where no child is born into poverty and hunger.

To reach consensus on The Global Goals was a huge achievement in itself. It inspires hope and opti-mism. It also calls for new solutions and partnerships.

In particular, the Goals are an invitation to the private sector to join the efforts of governments, civil society, and international organisa-tions to invest in the future, to create jobs, end poverty, and curtail climate change. Let today’s conference be a great first step.

Installation of solar street lamps in Nepal.Photo: CC-BY-ND Samir Jung Thapa

THE WORLD’S BIGGEST BUSINESS CASE

DEVELOPMENT By Thomas Gringer Jakobsen, World’s Best News

Solving the world’s biggest problems means big opportunities for sustainable business.

”Companies that do business responsibly and find opportunities to solve global challenges will be the business leaders of tomorrow

www.worldsbestnews.dk Special Issue I 18th March 2016

Going urban, going green | Page 3 Getting down to business | Page 3 Where’s the growth? | Page 4

Illustration: Gottlieb Paludan Architects & Schmidt Hammer Lassen Architects (Beauty & the Bit, Madrid and Ginsun, Shanghai )

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Thomas Ravn-Pedersen, Chefredaktør, Verdens Bedste Nyheder

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Der er sket store fremskridt, siden verden indgik globale udviklingsmål i år 2000. I dag starter lige mange piger og drenge i skole.Foto: © Amanda Koster/Corbis

OVERSKRIFT OVE SKRIFT 2 DÆK

TEMA 123 Af Byline Byline, Verdens Bedste Nyheder

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www.verdensbedstenyheder.dk Nr. ## I Torsdag den 15. januar 2015

Forsidehensvning 1 | Side 2 Forsidehensvning 2 | Side 3 Forsidehensvning 3 | Side 4

Foto: © Amanda Koster/Corbis Foto: © Amanda Koster/Corbis Foto: © Amanda Koster/Corbis

11.45 Breakout and brownbag lunch

Workshop 1 Partnering to fight hunger and malnutrition Food for thought – how can your company develop scalable nutritious food solutions? Companies and international experts will share perspectives on new business models and how to fund them.

Workshop 2 Decent work and productivity in global supply chainsGlobal supply chains create opportunities and challenges. Competent practitioners and interna-tional experts will share experiences and inspira-tion for future work.

Workshop 3 Fighting climate change and promoting sustainable citiesThe development of sustainable cities is one of the megatrends of our time – how can Danish companies become partners? Experts from Denmark, Asia, and Africa will share their per-spectives on trends and opportunities.

Workshop 4 High tech at low cost – a road to SDG innovation How technology can boost development and how SDGs can drive innovation. Learn how your organization can “roll with the tide” and use tech innovation to provide advanced services at much lower cost.

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14.15 Financing the Global Goals

Opening remarks CEO Carsten Toft Boesen, Niras

Investing in local value creation Chairman of the Board Lasse Bolander, COOP

• CEO Torben Möger, PensionDanmark • CEO Tommy Thomsen, IFU • Co-Founder Andreas Feiner, Arabesque

15.15 What’s next: Framework for action • Executive Director Lise Kingo, UN Global Compact • Deputy Director General Thomas Bustrup, DI

15.45 The Global Goals bar and networking

Moderator: Verner Kristiansen

Discussants:• Chairman of the Board Stine Bosse • Director Abha Joshi-Ghani, LL&I, World Bank

The Global Goals and opportunities for business






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An urgent callfor partnerships

Getting specific on the Global GoalsPhoto: © Hans Søndergård

The Danish ingredients industry has been able to reach new markets in the developing world, meeting a demand for products that can improve nutrition, pre-

vent food waste, and extend the shelf-life of products in areas without access to refrigeration.

According to an analysis by the Confederation of Danish Industry (DI), the export of Danish ingredients to developing countries has nearly tripled, from 101 million euros in 2005 to 294

million euros in 2015. This boom now gives Danish companies a market share of 28 percent of the total EU exports of ingredients to the developing nations.

The UN Food and Agricul-tural Organization estimates that roughly a third of all food is lost or wasted globally, and according to DI, bio-in-

The Global Goals are a strong platform to pro-mote Danish interests, values, and priorities for a sustainable world. We can align our efforts to the Goals and use the Goals as concrete areas of action both at home and abroad. The Goals present oppor-tunities to catalyse private finance, techn ology, and innovation.

At Maersk, we see the Global Goals as clearly aligned with our sustain-ability strategy’s focus on unlocking growth. The Goals will constitute an important frame to show how we are advancing sustainable development through our core business, as well as through innova-tive partnership projects on Enabling Trade.

The goals related to water and energy savings are important to the world and to Grundfos. Becoming more aware of the fact that we all need to cut energy and preserve water speaks to our strong suits and our ability to move water and waste water efficiently. Political support strengthens the sustainable agenda and will hopefully result in tailwind for technologies like ours.

The Global Goals will be the driver of business and the leading edge com-panies will have to go beyond the basics of com-plying with the law, cutting waste and engaging in CSR for public relation purposes. In the future, innovation should help businesses to capture the opportunities presented by the Global Goals.

””” ”Business beyond the basics

Important frame to advance sustain able business

The Goals present opportunities

Political support strengthens the sustainable agenda

”How will the Global Goals affect your business?”

WORLD’S BEST NEWS

DANISH INGREDIENTS CUT FOOD WASTE

ZERO HUNGER

By Thomas Gringer Jakobsen, World’s Best News

The export of special food ingredients has boomed. Some bio-ingredients can help in the global efforts to end hunger.

gredients can be one of the solutions to reduce waste and improve food security.

‘Impossible’ camel cheeseOne example is the camel cheese initiative launched by Danish bioscience company Chr. Hansen, in a partner-ship with Kenyan company Oleleshwa. Camel milk is believed to be impossible to turn into cheese by tradition-al methods, but it was made possible by using special patented enzymes.

In a region where up to half of the locally produced camel milk goes to waste because of a lack of storage facilities, turning the surplus into cheese ensures much better preservation of the milk, which is rich in protein, calcium, and vitamin C.

While the camel cheese industry is currently too small to turn a profit for the international company, the enzymes developed have shown to be valuable on the global market, because the camel enzymes also work very well for making cheese from cow and sheep’s milk.

“So in total, it turned into

a fantastic business case for us. We went in with a project to help people in a developing country, and we ended up with an improved cheese enzyme that has a big market potential in the industrialised countries”, says Michael Fooken Jensen, Product Manager for Cheese Cultures at Chr. Hansen.

Sustainable palm oilOther ingredient companies already doing sustainable business include the emul-sifier producer Palsgaard, which has activities in more than 100 countries, including Mexico and Malaysia.

The company has decided to use sustainable palm oil in its production, which not only helps protect the world’s rain forests, but also promotes jobs and better working conditions for the many people employed in the palm oil industry.

It also means a viable business for Palsgaard, as the company sees a growing demand from its customers for products made from sustainable palm oil.

Phot

os: ©

Han

s Sø

nder

gård

Vegetables for sale at a market in Gbarnga, Liberia Photo: © FAO/Liberia Team

The Global Goals provide a good frame for the sustain-able business models of the future. I think we will see more Danish companies partnering with companies from developing countries to develop new solutions that fit with the local context and meet local challenges. Solutions that can make a great difference in the lives of millions of people.

”New solutions that fit with the local context

KARSTEN DYBVAD

Director General, Confederation of Danish Industry, Denmark

KRISTIAN JENSEN

Minister of Foreign Affairs, Denmark

ANNETTE STUBE

Director of Group Sustainability, Maersk, Denmark

MADS NIPPER

Group President, CEO, Grundfos, Denmark

EDWARD MUNGAI

CEO , Kenya Climate Innovation Center, Kenya

Internet access is vital in modern life – also in rural parts of developing coun-tries, because it means access to knowledge and communication.The Danish company BlueTown has made a business of provid-ing Wi-Fi in rural villages around the world at low prices, via low-cost mobile

phones, without the need of a SIM card. The compa-ny aims at connecting 100 million new users in the next five years.

Smartphones are also distributed to doctors, nurses, farmers, and teachers, who now have online access to knowl-edge.

WORLD’S BEST NEWS

Going urban, going greenAs the world goes urban, urban must go green. More people moving to cities means more pressure on water supplies, sewage, and the living environment. Half of humanity – 3.5 billion people – lives in cities today. And 95 per cent of urban ex-pansion in the next decades will take place in the de-veloping world. The Global Goals highlight the need to make cities inclusive, safe, resilient, and sustainable. A Danish team of architects – Gottlieb Paludan Architects and Schmidt Hammer Las-sen Architects – have won an international competition to design the world’s largest waste-to-energy plant in China. The new Shenzhen East Waste-to-Energy Plant will incinerate 5,000 tonnes of waste per day – one third of the waste generated by Shenzhen’s 20 million inhabitants.

“The waste-to-energy plant is a project that en-sures robust and sustainable waste management in one of the worlds fastest growing cities,” says Anna Bisgaard-Nøhr, Project Man-ager at Gottlieb Paludan. The plant will utilise the most advanced technology in waste incineration and power generation and, while acting as a source of education for the citizens of Shenzhen. / hz

Getting connected: The rural revolution

$1 buys 300 people a drinkDanish company Grundfos is testing a sustainable water treatment facility in Thailand. Funded by the Thai govern-ment, the solar-powered facility purifies 20.000 litres of river water daily.

At the cost of one USD for 1000 litres, this means a dollar will buy clean drinking water for around 300 people. When fully deployed, 50,000 people in 15 villages are

expected to benefit, and the investment is projected to pay for itself in two years.

“This project is an example of sustainability in practice. It’s environmentally friendly and based on local investment, which creates local employment”, says Kim Nøhr Skibsted, Group Vice President, Head of Commu-nications and Engagement at Grundfos. / tgj

CONFERENCE

By Hjalte Zacharewicz , World’s Best News

In December 2015 the company launched new Wi-Fi sites in two villages of the Dodoma region of Tanzania:

“Being online, I can cheaply access the informa-tion I need. It has helped me do my work better,” says Dr. Mbusro Onoka from the Dodoma region.

Broadband internet has not yet reached billions of people living in the develop-ing world, including 90 per cent of those living in the poorest nations, according to a new UN report.

The Global Goals stress that access to informa-tion and communication technology, particularly broadband internet, has the potential to serve as a major accelerator of devel-opment. / hz

Grundfos provides sustainable water treatment at a cost of 1 USD for 1,000 litres of water.

Photo: CC-BY Sam SherattAccess to information has the potential to serve as a major accelerator of development.Photo: BlueTown

The Danish House of Indus-try was abuzz this morning. There was a sense of pur-pose and excitement as the more than 200 participants from government, civil soci-ety, UN organisations, and Danish businesses came together to exchange ideas

and showcase examples of how the Global Goals can translate into oppor-tunities for business, and how businesses in turn, can contribute to reaching the Global Goals successfully by 2030.

Equal access is good business The conference took off with a royal call to action by HRH Crown Princess

Mary, stating that the Global Goals will be a driving force in creating new markets. She also emphasised the role of woman and girls in making the future we want for our world:

”Women and girls are critical drivers of devel-opment. Creating equal access is good business, from the boardroom to farmlands,” she said.

Out of the comfort zone Danish Foreign Minister Mr Kristian Jensen picked up the cue and highlighted the importance of getting it right through new partner-ships and solid frameworks.

“And businesses need to get out of their comfort zone,” he said.

Today’s conference was about joining forces. It was about commitment and opportunity. But more than anything else, it was about opening up a common horizon to a better place. A possible place. Now all that’s left is getting down to business.

GETTING DOWN TO BUSINESSToday’s conference made a strong case of bringing business to development and creating new partnerships.

”Women and girls are critical drivers of development” said HRH Crown Princess Mary in the opening speech.Photo: © Hans Søndergård

World economic growth is expected to be 3.4 percent in 2016, according to the lat-est forecast by the Interna-tional Monetary Fund (IMF). Lower prices of oil and other commodities have strained the economies of several developing coun-tries that rely heavily on

resource exports. However, the IMF expects that ‘most countries in sub-Saharan Africa will see a gradual pickup in growth, but with lower commodity prices, to rates that are lower than those seen over the past decade’. Those lower rates of African growth are still

expected to be significantly higher than the growth in many developed countries.

As part of the UN Global Goals, future economic growth must be made inclu-sive, giving poor people the chance of decent jobs to help themselves out of poverty. “Growth is inclu-sive when it takes place in the sectors in which the

poor work; occurs in places where the poor live; uses the factors of production that the poor possess; and reduces the prices of consumption items that the poor consume”, said UN Chief Economist, Thangavel Palanivel, at the 2015 Third International Con-ference on Financing for Development. / tgj

STILL SOLID GROWTH IN AFRICA

The UN Global Goals for Sustainable Development are a set of goals agreed by all the 193 countries of the world. A plan to achieve three extraordinary things by 2030 – end poverty, combat climate change, and fight injustice and in equality. It will be hard, but it can be done. Learn more about the Global Goals at worldsbestnews.dk/globalgoals or globalgoals.org

The World in Numbers

Expected GDP growth 2016

THE GLOBAL GOALSFor Sustainable Development

NOPOVERTY

AFFORDABLE ANDCLEAN ENERGY

CLIMATEACTION

LIFE BELOWWATER

LIFE ON LAND

PEACE ANDJUSTICE

PARTNERSHIPSFOR THE GOALS

DECENT WORK ANDECONOMIC GROWTH

INDUSTRY, INNOVATIONAND INFRASTRUCTURE

REDUCED INEQUALITIES

SUSTAINABLE CITIESAND COMMUNITIES

RESPONSIBLECONSUMPTIONAND PRODUCTION

ZEROHUNGER

GOOD HEALTHAND WELL-BEING EDUCATION

QUALITYEQUALITYGENDER

AND SANITATIONCLEAN WATER

$ 5-7 TRILLIONwill have to be invested annually to achieve the

Global GoalsSource: UN

78 %of citizens say they are more likely to buy from

companies that have sig-ned up to the Global Goals

Source: PwC

What is World’s Best News?

Joining forces

World’s Best News is a journalistic awareness campaign and media that publishes news about progress and solutions in the developing countries. We are a collaboration between the UN, DANIDA, the European Commission, more than 100 NGO’s and 100 private sector compa-nies. This newspaper is a special issue made for The Business of Development 2016 Conference. Find more good news at worldsbestnews.dk







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More than 5 % growthBetween 2.5 % and 5 %Between 1 % and 2.5 %Between 0 % and 1 %Negative growth Data: IMF

THE GLOBAL GOALS FOR SUSTAINABLE DEVELOPMENT

The Danish government will present a new strategy for development coope-ration later this year which will build on the Global Goals. You can engage in the debate through #voresDKaid or by mail to the Ministry of Foreign Affairs [email protected].

Share your opinion

The future of financing for development is moving towards private and public money working together through fund management.

This presents both new challenges and advantages.

“It gives a more direct possibility of ownership of the interventions than with public sector based programmes and projects,” says Mr. Carsten Toft Bo-esen, CEO of the consultan-cy company NIRAS.

Donors are indicating that the trend will continue. “Fund management is likely to be the vehicle for new financing tools, such as result based finance and social impact bonds, as well as the basis for leveraging public funds with private investment – a very relevant issue given the cutbacks in Nordic development fund-ing,” says Mr. Boesen. / hz

Documents

World's Best News - The Business of Development