The private sector has a key role to play to contribute to sustainable development and to local economic development in particular. Enterprises can create shared value –value for business and for society, employment opportunities and build human capital. Through their backward and forward linkages, they also create entrepreneurial opportunities, and contribute to technology transfer and to develop local industries.
Moreover, in the context of the post-2015 development agenda, the international business community has a crucial opportunity to partner with governments and align its sustainability strategies with the sustainable development goals. As stated by the UN secretary-General “urgent action is needed to mobilize, redirect and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives” (Synthesis Report of the Secretary-General on the Post-2015 Agenda, pg. 28).