The EU Corporate Sustainability Due Diligence Directive (CSDDD) offers a unique opportunity to prevent human rights violations and environmental damage in value chains of European companies and to finally give those affected a real chance to claim compensation. In February 2022, the EU Commission presented a proposal for a corresponding directive. It goes beyond the German Supply Chain Act in several respects. However, it also contains numerous loopholes, largely as a result of pressure from business lobby groups. In May 2022, the German “Initiative Lieferkettengesetz” and further European [...]
Since the adoption of the 2030 Agenda on Sustainable Development, development finance has operated under conditions of low interest rates and high liquidity in global financial markets. This has changed with the recent turnaround in interest rates. This briefing paper describes the current trends, analyzes the implications for financing sustainable development in the Global South, and formulates policy recommendations on how countries in the Global South and their financing partners in the North can respond to the interest rate increases.
On 11 March 2022 at United Nations (UN) Headquarters in New York City, Secretary-General António Guterres addressed an audience of Member States, UN staff and other stakeholders at the final consultation meeting on his proposed Our Common Agenda. He urged Member States: “The process surrounding Our Common Agenda is an opportunity to recommit to our fundamental enduring principles while overhauling the practices of multilateralism for a new age.” The report details this new multilateralism to be “an inclusive, networked and effective multilateralism.”
This concept of a networked [...]