GCEOA Chairman Stresses the Importance of Value Propositions in Achieving Local and Global Development Goals

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GCEOA Chairman Stresses the Importance of Value Propositions in Achieving Local and Global Development Goals Photo
GCEOA Chairman James M. Donovan

Makati City, Philippines, October 15, 2018– Speaking during a multi-stakeholder workshop held at the Makati Diamond Residences, GCEOA Chairman James M. Donovan stressed that businesses, in particular, have an integral role to play in creating value propositions that can contribute to the achievement of both the 2030 Sustainable Development Goals (SDGs) and the Philippine Development Plan (PDP).

Donovan is also the CEO and co-founder of global impact investing company ADEC Innovations.

 “The UN has provided a vision for the 2030 Agenda. We need to identify how we can enable and empower regional, national, and local governments, along with other key stakeholders who can share co-authorship of this vision,” Donovan said.

The Multi-stakeholders’ Workshop on the Nexus between Philippine Development Plans, the 2030 Agenda for Sustainable Development, the BAPA, and the South Summit brought together key officials from numerous local and international agencies to discuss how the SDGs relate to the country’s own development plan and the South-South cooperation agenda.

During the two-day workshop, participants shared ideas and inputs on how the Philippine delegation can position itself in two upcoming forums, namely the Second High-level United Nations Conference on South-South Cooperation in 2019 and the High-Level Political Forum on Sustainable Development.

Mr. Donovan highlighted the Philippines’ capability to create its own value proposition, such as the fact that his company, ADEC Innovations, is one of the Certified Scoring Partners for the CDP (formerly the Carbon Disclosure Project), and has been scoring around 5,000 of the biggest companies worldwide. As an accredited Scoring Partner, ADEC Innovations has been helping these companies measure their use of resources, which enables them to implement better sustainability measures.

Similar value propositions have the potential to provide catalytic solutions towards the achievement of the SDGs. “How do we make a value proposition wherein society and businesses are encouraged to be involved in SDG-related services?” Donovan asked. He added that the Philippines needs to look at its role and own value proposition in the next wave of how businesses reorganize themselves.

He also discussed how the Global South, like the Philippines, can develop its own intellectual property and present itself as a hub that delivers sustainable solutions to developed countries. This, in turn, can bring jobs and generate long-term value for the region.

Mr. Donovan spoke alongside Miguel Bautista, Secretary of the Trade and Development Board at the United Nations Conference on Trade and Development (UNCTAD); Vicente Yu, Deputy Executive Director at the South Centre; and Rabih El Haddad, Manager at the United Nations Institute for Training and Research (UNITAR)- Multilateral Diplomacy ProgramRepresentatives from the Department of Foreign Affairs (DFA) and the National Economic and Development Authority (NEDA) were also present during the multi-stakeholders’ workshop.

ADEC Innovations is an impact investing company focused on designing, developing, and delivering a comprehensive and cutting-edge portfolio of Sustainable Business Solutions to meet the Environmental, Social, and Governance thrust of the world’s leading organizations. To know more about its services, visit its official website or email via info@adec-innovations.com.