Description/achievement of initiative
The Foundation is dedicated to providing special purpose fundraising, social impact investment, sustainable public procurement and technical support with experience, knowledge, management and expertise to support SDGs The Foundation is committed to integrating global policy, investment, businesses, technology and innovation and channel-building capabilities, focusing on the two highest priority development areas of social impact investment and sustainable procurement to promote the high efficiency achievement of global sustainable development goals.
In the Foundation's field of operation covers four main categories. 1. Special Purpose Funding: The Foundation provides four main types of funding: special purpose funding or direct donations to support projects within the framework of the UN Sustainable Development Agenda; partnership funding/contribution support to the UNSDG Foundation; funding for the Foundation's ongoing development, particularly for selected social impact and sustainable procurement projects; and fundraising services for other projects and technical partner institutions. 2. Social Impact Investing: The fundamentals of social impact investing recognize that there are many business opportunities in making a social impact during solving social problems, and that there is room for significant social impact as business investments evolve and expand their scale and boundaries. The Foundation will promote social impact investing in strict accordance with the "six principles" and will focus on the following five priority areas. • Environmental Protection • Clean Energy • Poverty Alleviation and Employment • Educational Exchange • High-Tech Innovation 3. Sustainable procurement: • emphasis on environmental protection and the promotion of investment, development and production of energy-efficient and environmentally friendly products. • protect the rights of workers, prohibit labour discrimination, enforce the right to compensation for labour disability, etc.. • support small and medium-sized enterprises, women entrepreneurs, ethnic minorities, the development of less economically developed regions and the protection of vulnerable groups. The Foundation will use funding and procurement as leverage to strengthen cooperation with the United Nations procurement system 4. Technical support: Upon request of partners or project development needs, the Foundation can organize expert missions or thematic consultation meetings, provide technical consultants including: successful experience, knowledge sharing, high technology, project management, investment and financing, especially can provide business model, strategic positioning and other optimization and financing feasibility advice, and support its smooth transformation and connection with suitable commercial capital at later stage.
Arrangements for Capacity-Building and Technology Transfer
1, to promote the upgrading of traditional industries to the Internet of Things-based industrial Internet development, and to improve the efficiency of labor production and the allocation of production materials. 2, through promoting the government to build and improve the infrastructure of the digital economy, cultivate digital economy innovation talents, establish the legal regulation of the digital economy, create a digital economy industrial ecosystem with the cooperation of government, enterprises, investment and NGOs, and promote the optimization of industrial structure and industrial upgrading. 3. Through the introduction of the United Nations youth leadership development curriculum and related practical programs, to enhance the international perspective of youth in developing countries, the practical ability to deal with international issues and to train future leadership talents with a global perspective. 4. Through cooperation with partner organizations, to familiarize more Chinese enterprises with the UN Sustainable Procurement rules and guidelines, to increase the number of Chinese enterprises to become qualified suppliers for UN and international public procurement, and to promote the production of socially responsible products and responsible consumption habits.
Coordination mechanisms/governance structure
The Foundation is an international not-for-profit foundation registered in New York, Brussels and Hong Kong, based on the framework of the United Nations Sustainable Development Agenda. It managed by a steering committee of former senior UN officials, governments, industry and financial leaders. The Foundation was launched with the full technical and resource support to support the United Nations, international organizations and other partner development agencies to achieve the 17 global sustainable development goals in the context of the UN's sustainable development agenda, and in particular the Social Impact Investing Initiative, a UN system-wide reform and innovation initiative. To ensure the clean, efficient and transparent management and operation of funds, projects, procurement, investment and related activities, the Foundation will establish a Fund & Project Supervisory Committee, which will be composed of representatives of stakeholders such as donors, project partners, independent investment, financing and project management experts, and invite third-party independent auditors to conduct comprehensive supervision, audits and inquiries on all fundraising, fund utilization, investment activities, procurement, project management and other activities of the Foundation. The Fund and Project Oversight Committee has a chairman and several members, who are recommended and appointed by the Oversight Committee.
China Association for Economic Development in Asia (CAEDA) local governments in China, as well as the governments of Hong Kong and Macau Impact Investment and Sustainable Development Foundation (SIIS)