SIDS Global Business Network featured at 2016 Blue Growth and Investment Conference, Grenada
St. George’s Grenada - 15 May 2016. With a special focus on Small Island Developing States (SIDS) during Blue Week at the 2016 Blue Growth and Investment Conference, support for SIDS through various initiatives included a presentation on the role of the SIDS Global Business Network (SIDS-GBN) in linking SIDS private sector, global business and other national and international stakeholders.
UN-OHRLLS Director, Heidi Schroderus-Fox
Photo credit: UN-OHRLLS
In relation to the importance of private sector partnerships on the oceans agenda, UN-OHRLLS Director Heidi Schroderus-Fox stressed that the SIDS Global Business Network; an outcome of the 2014 Private Sector Partnerships Forum at the SIDS Conference in Samoa and officially launched at the recent Public Private Partnerships Conference (P3a) in Aruba (22-24 March, 2016) has begun working closely with regional private sector organisations and other stakeholders to ensure an online platform that adds value to SIDS private sector and builds inter-regional and global business alliances that puts SIDS at the forefront including through the oceans agenda for SIDS. Director Schroderus-Fox encouraged all stakeholders, including development partners to support this important initiative to ensure a successful SIDS Global Business Network that contributes concretely to the sustainable development efforts of SIDS.
In recognising their important role as stewards of the oceans, Small Island Developing States (SIDS) have been at the forefront in demonstrating strong leadership by calling for ambitious and urgent action on the conservation and sustainable use of oceans and marine resources. In this regard, oceans feature strongly as one of the main thematic focuses of the SIDS-GBN.
SIDS are amongst the custodians of the largest and most ambitious marine protected areas in the world. They are amongst the overseers of highly migratory fish stocks and were amongst the progenitors of the United Nations Convention on the Law of the Sea. For SIDS, healthy oceans are intrinsically linked to sustainable development and the success of implementing both the SAMOA Pathway and the Sustainable Development Goals. The SIDS-Global Business Network
Blue Week 2016 intends to “move the needle” on ocean health through investment in Blue Growth and food security and thus increasing economic benefits from marine resources while conserving natural and social capital. Organized by the Government of Grenada with support from the Government of the Netherlands, the event brought together high level leaders from governments, NGOs, civil society and the private sector with representatives from financial institutions and other donors to share lessons learned and identify innovative instruments to promote investment in Blue Growth and food security.
Blue Week 2016 represents a response to major recent developments in the global oceans agenda, including the adoption of the Agenda 2030 by the United Nations in 2015, the Sustainable Development Goal 14 on Oceans and Seas and the Paris Climate Change Agreement. The event focused on bringing together ocean-related investments into a coherent package of bankable projects to increase the economic benefits derived from oceans and marine resources, particularly for SIDS and Least Developed Countries (LDCs).