UNDP’s Private Sector and Foundations Strategy for the Sustainable Development Goals 2016-2020 builds on UNDP’s 2007 and 2012 strategies for the private sector and foundations while taking into account recent developments in the external and internal environment. 

The updated strategy consists of five sections:

1: Introduction describes the purpose and target audience and provides a summary of the strategy’s main elements.

2: The Development Issue explains why the private sector and foundations are critical to the Agenda 2030 and elaborates the theory of change that enables the private sector and foundations to become transformative partners in implementing the SDGs.

3: UNDP’s Role describes the rationale for UNDP’s support in this area, links the strategy to UNDP’s Strategic Plan and elaborates its vision for work with the private sector and foundations.

4: Overview of UNDP’s Policy and Programme Support describes UNDP’s policy and programme support framework, highlights lessons learned and provides an overview of actions in four work areas: 

• an enabling environment is created for sustainable and inclusive business and philanthropy;
• the strategies and actions of the private sector and foundations are more aligned with the SDGs;
• productive capacities, sustainable and inclusive business and value chains are advanced; and
• resilience among MSMEs is improved and private sector and foundations are better engaged in crisis response.

5: UNDP’s Partners provides an overview of the partners working in these areas and describes how UNDP works with other United Nations agencies and development actors.

The updated strategy reflects our desire to expand engagement with the private sector and foundations as true partners in the search for innovative solutions to solve the world’s most intractable problems.