EU policy coherence for sustainable business and finance
In this workshop, SMART wishes to examine the interactions between policies and to what extent these either enable or constrain the areas of EU sustainability policies, Foreign Direct Investment and the EU Sustainable Finance Initiative, as well as the regulation of the governance of global value chains.
We see increased policy interest in the role of business and finance in achieving international developmental goals. In the European Consensus on Development, policy coherence for development is considered a key priority in order to achieve the United Nations Sustainable Development Goals (SDGs).
The European Commission has previously identified five key challenges and areas of priority in this context: trade and finance, food security, climate change, migration, and security. These areas are interconnected and should be analysed in conjunction.
In spite of the emphasis on trade and finance, significant policies and programmes related to business and financial markets were not included. These, notably European company law and corporate governance and financial market law, are the object of analysis in the SMART Project.
To achieve sustainable development, also in what in EU terminology are denoted the least-developed countries, improved corporate governance of European businesses and the global value chains they are involved in, relevant and reliable reporting, and systematic integration of environmental, social and governance factors in investment are all necessary. New policy areas with significance for development issues, such as the area of sustainable finance require a broader and deeper analysis.
In this workshop we wish to examine the interactions between policies and to the extent to which these either enables or constrain the main focus areas:
- EU sustainability policies, notably the Circular Economy Packages
- Foreign direct investment and the EU Sustainable Finance Initiative
- Regulation of the governance of global value chains
In each thematic session we:
- Present the gaps we have identified for feedback and discussion
- Present ideas for what can be done for feedback and discussion
- Discuss the feasibility of reform ideas
The workshop is by invitation only. Interested policy makers, practitioners and scholars are welcome to contact Hanna Ahlström at email@example.com.
Welcome and introduction – Beate Sjåfjell, University of Oslo
|09:15||Policy coherence for development – Norbert Probst, DG DEVCO/European Commission|
Corporate governance and development – Jaakko Salminen, University of Turku & Mark Taylor, University of Oslo
Circular economy and development – Mark Taylor, University of Oslo & Beate Sjåfjell, University of Oslo
Sustainable finance and development – Tonia Novitz, University of Bristol
Policy coherence scoring exercise – Hanna Ahlström, University of Oslo
Wrap-up of workshop – Beate Sjåfjell, University of Oslo
|15:00||End of workshop|