New UNCTAD’s World Investment Report highlights Sustainable Development
The UN Conference on Trade and Development (UNCTAD) released the 2012 edition of the World Investment Report. This year, the analysis is focused on the incorporation of sustainable development policies in the national investment frameworks and the international investment agreements, and presents an Investment Policy Framework for Sustainable Development (IPFSD).
As the main investment policy trends, the report analyzes the increasing recognition of sustainable development as part of the considerations in national and international investment policies, as well as in global frameworks such as the UN Guiding Principles on Business and Human Rights, the Principles for Responsible Agricultural Investment, the International Fund for Agricultural Development (IFAD) and the mandates from the Doha Conference and the UN Conference on Sustainable Development Rio+20.
The report also present the Investment Policy Framework for Sustainable Development (IPFSD) oriented to define a “new generation” of investment policies that integrate broader objectives of economic development in the processes of national and foreign investment. The framework is also oriented to promote responsible investor behavior and principles of corporate social responsibility (CSR) and to effectiveness in policy design and implementation. The IPFSD also incorporates a possible methodology to assess the investment impact and to operationalize the inclusion of sustainable development objectives in national and international investment policies and agreements.
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