Sustainable Development Goals: The Role of Technology and Innovation
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The document discusses the Sustainable Development Goals (SDGs) and the role of technology and innovation in achieving them. It notes that the SDGs, adopted in 2015, are more comprehensive than the previous Millennium Development Goals. Achieving the SDGs will require vast resources and partnerships between public and private sectors. Technology can help power progress on every SDG, though the digital divide remains a risk. The World Bank aims to harness science and technology to support sustainable development pathways and help clients leverage opportunities like those from the fourth industrial revolution.
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Sustainable Development Goals: The Role of Technology and Innovation
- 1. Mahmoud Mohieldin Senior Vice President World Bank Group Sustainable Development Goals: The Role of Technology and Innovation Dow Jones Sustainability Index (DJSI) Conference October 17th, 2018 Seoul, Korea @wbg2030 worldbank.org/sdgs0
- 2. The 2030 Agenda and the Sustainable Development Goals 1
- 3. From MDGs to SDGs: A major opportunity for global transformation 2 Millennium Development Goals 2000 – 2015 8 Goals 21 Targets 60 Indocators Priority Areas on Human Development Primarily Developing Countries Sustainable Development Goals 2016 – 2030 17 Goals 169 Targets 231 Indicators Holistic: Economic, Environmental, Human, Social Relevant for Every Country
- 4. Source: CEO Guide to the Sustainable Development Goals, World Business Council For Sustainable Development (WBCSD) SDGs Can Unlock Significant Business Opportunities
- 5. Source: Better Business Better World, Business & Sustainable Development Commission 2017 12 largest business themes in a world economy heading for the SDGs Opportunities for the Private Sector 4
- 6. 5 More than Half of SDG related Business Opportunities are in Developing Countries Share of SDG Business Opportunities by Region and System Source: Better Business, Better World. Business & Sustainable Development Commission, 2017.
- 7. 6 The SDGs cannot be achieved by 2030 without the private sector • Private investment and expertise are critical to both finance and implement business solutions that help end poverty and reach the SDGs • Through the five institutions of the World Bank Group – IBRD, IDA, IFC, MIGA and ICSID – the World Bank Group is helping channel private investment to developing countries • The ambition of the World Bank Group is to become not just a provider of capital but a facilitator of capital
- 8. 7 Source: World Business Council for Sustainable Development (WBCSD) & DNV GL How are Companies Engaging with SDGs? Evidence of Clear Business Intent to Engage Productively • 41% of companies have integrated SDGs into strategy setting • 44% of companies have taken initial steps to analyze the links between SDGs and their current corporate strategy • 24% of companies indicate an intention to integrate SDGs into their strategic thinking moving forward
- 9. Achieving SDGs Requires Data, Finance, and Implementation 8
- 10. 9 Data is the new oil 9 Source:
- 11. 10 A New Era of Financing for Development: SDGs Require Vast Resources New Approach, New Commitment • Financing for Development entered a new era in July 2015 when the global community agreed to the Addis Ababa Action Agenda, a framework and set of commitments for financing the Sustainable Development Goals • Since this will require far more funding than aid can provide, the World Bank Group, together with other multilateral development banks and the IMF, committed to use billions in investment funding, aid, and grants, in innovative ways to catalyze trillions in financing of all kinds • In Hamburg in 2017, the G20 reinforced the MDB’s role in catalyzing development finance
- 13. Digital education creates classrooms at scale and connects world-class teachers to students who need them most E-health can serve some of the neediest patients in the world’s hardest to reach places Digital financial services provide new opportunities for SME savings, credit, and insurance thereby spurring expansion Digital payments and monitoring enable off- grid, renewable energy sources to be deployed years in advance of traditional approaches Source: International Finance Corporation 12 Every SDG can be Powered by Technology 12
- 14. Digitization is nascent in emerging markets 4 billion people are currently not participating in the digital economy Source: GSMA Intelligence (2017) World Bank World Development Indicator (2017) 13 Cutoff >70% 3G coverage >60% internet usage Opportunities
- 15. At the same time, digital divide could make life worse for poor people 14
- 16. Build: Develop the foundational building blocks for sustainable, technology-led economies Broker: Harness disruptive technology, data, and expertise to solve development challenges and manage risks Boost: Expand the capacity of people and institutions to thrive in a resilient society in the face of disruption Given uncertainty, risk, and opportunities of exponential technology trends, the World Bank Group is one of the few global actors who can serve as a trusted advisor to clients and partners in supporting the implementation of new sustainable pathways to development. To realize this aspiration, we need to: engage governments and people, coordinate development partners, and mobilize the private sector to: World Bank Group is embarking on an ambitious journey to harness Science, Technology and Innovation in all sectors and client countries 15 15
- 17. Source: Trouble in the Making? The future of manufacturing-led development, World Bank, 2017 How will Manufacturing-led growth change for World Bank Group Client Countries? 16
- 19. Investing in Human Capital Launched in October during World Bank Group Annual Meetings Building blocks of the human capital: • Survival – Will kids born today survive to school age? • School – How much school will they complete and how much will they learn? • Health – Will kids leave school in good health and be ready for further learning and/or work? 18 18 Source: Human Capital: A Project for the World, World Bank , 2018 Ratings in First Human Capital Index
- 20. Mainstreaming SDGs into National Frameworks Korea’s Voluntary National Review to the UN 19 Third Basic Plan for Sustainable Development 2016-2035 is endorsed by the Prime Minister outlines 14 strategic targets around four goals including • healthy land • integrated and safe society • inclusive creative economy; and • global prosperity. Source: Voluntary National Review, 2016.
- 21. Harnessing 4th Industrial Revolution for SDGs Korea 20 20 • President Moon Jae-in emphasized the importance of the Fourth Industrial Revolution where “innovative growth is our new government’s core strategy for economic growth” • Korea plans to invest more in the Internet of Things (IoT) and artificial intelligence (AI) and big data which form the basic structure of the fourth industrial revolution • As a global leader in technology and innovation, the world will be looking up to Korean businesses to lead 4th Industrial Revolution for SDGs Credit: Korea JoongAng daily
- 22. 21 Operational Support & Strategic Partnerships Private Sector Engagement (IFC) Risk Mitigation Guarantees for Overseas Investments (MIGA) Strategic partnership with Ministry of Economy and Finance (MOEF) Support WBG operational teams to leverage Korea’s development experience and Korean partnerships to enhance development effectiveness Connector between Korean institutions and WBG units Collaborate with Korean partners to share knowledge & experience with WBG clients World Bank Group Korea Offices tnerships with Korean Government, Institutions and Corporation Partner with Korean companies to increase access to finance; infrastructure; inclusion Co-invest with Korean companies in clean energy; water and wastewater; green cities Bring new capital markets products and services into markets Provide risk mitigation solutions in the form of guarantees to Korean corporates and financial institutions for their investments into developing markets Collaborate with Korean export credit agencies to complement sources of investment 21
- 23. The SDG Fund will: 1. Build and strengthen capacity and awareness among development actors and institutions for implementing the Sustainable Development Goals; 2. Stimulate the development of strategic analytical tools for solving SDG challenges; and, 3. Promote multi-stakeholder partnerships, both within the World Bank Group and with other development stakeholders, recognizing that partnerships underpin all other objectives. 22 The World Bank Group Partnership Fund for the Sustainable Development Goals
- 24. Mahmoud Mohieldin Senior VP Thank You worldbankgroup.org/sdgs Follow us on twitter @WBG2030 Mahmoud-Mohieldin on @wbg2030 worldbank.org/sdgs 2 3
Editor's Notes
- This slide is animated from MDGs to SDGs Great progress was made under the MDGs. The global poverty rate decreased from 1.96 billion people to 702 million. Much of this progress was made in East Asia, which went from almost 51% of total global poverty in 1990 to only 12% of total global poverty in 2015. Other regions did not fare so well: - Poverty in South Asia increased to 33 percent in 2015, up from 30 percent in 1990 Poverty in Sub-Saharan Africa increased to 50 percent in 2015, up from 15 percent in 1990 CLICK for ANIMATION ON SDGs However, the world has changed dramatically in the past 15 years. We cannot think only about poverty. We must also think about the sustainability of the planet and reducing the inequality of opportunity to everyone in society. Under the SDGs, there are 17 goals covering all aspects of human development, sustainability, and resilience. The SDGs are an ambitious set of goals, and unlike MDGs, they apply to every country in the world. Even North Korea has made a commitment to the SDGs.
- As much as the SDGs need business, long-term business success also hinges on the realization of the SDGs. The Business & Sustainable Development Commission, which is led by over 30 business and civil society leaders, has produced compelling research mapping the economic prize that could be available to business if the SDGs are achieved. It’s Better Business, Better World shows achieving the Global Goals in just four economic systems could open 60 market “hot spots” worth an estimated US$12 trillion in business savings and revenue and generate up to 380 million new jobs by 2030. The total economic prize from implementing the Global Goals could be 2-3 times bigger, assuming that the benefits are captured across the whole economy and accompanied by much higher labour and resource productivity. That’s a fair assumption. Consider that achieving the single goal of gender equity could contribute up to US$28 trillion to global GDP by 2025, according to one estimate. The overall prize is enormous.
- It is important to note that there are significant business opportunities in the developing world. For example, opportunities in food and agriculture are 3 times greater in developing countries in Asia rather than in the developed countries in Asia.
- Data has a big value. In the past, data and statistics used to be the domain of governments and academia. However, in the era of technology and big data, the largest companies, like Google, have seen a great market value for data. And companies like Facebook have also seen major cost of data. And it is not easy to access data needed to achieve SDGs, even in countries like Canada.
- Countries are affected differently by digitization
- Changing technologies and shifting globalization patterns are destined to reshape manufacturing-led development strategies, according to the report. Trade is slowing. Global value chains remain concentrated among a relatively small number of countries. Smart automation, advanced robotics, 3-D printing and other advances being incorporated by global manufacturers of cars, electronics, apparel, consumer and other goods are shifting how countries and firms compete for production. While these trends raise fears that manufacturing will no longer offer an accessible pathway to growth for low- and middle-income countries, the report seeks to identify policy priorities that can help these economies face the challenges and embrace the opportunities they bring.
- Correlation between Social Spending and Human Capital Outcomes There is a stronger correlation between increases in social spending and increases in human capital as country income levels rise
- The President’s Initiatives for Development Cooperation to address the SDGs through tangible ODA programs With the adoption of the 2030 Agenda, President Park Geun-hye has announced a series of Initiatives for Development Cooperation in order to make tangible contributions to the global community in achieving the SDGs. At the 24th Committee for International Development Cooperation (CIDC), the Master Plan for the Initiatives was adopted in order to carry out these Initiatives effectively. The Master Plan also lays out concrete strategies regarding partnerships, the selection of core partners and step-by-step approaches for the implementation of the Initiatives. These include: The Better Life for Girls Initiative; The Safe Life for All Initiative; STI For Better Life; New Rural Dev. Paradigm; Better Education for Africa Rise and ICT education in Africa. The 2030 Agenda places great emphasis on Science, Technology and Innovation (STI) as the key means for sustainable development, as demonstrated in Goal 17. It aims to establish and develop an appropriate innovations system—by supporting science and technology education—to strengthen the R&D capacity in developing countries. The STI for Better Life Initiative comprises three approaches, including STI education, R&D support and private sector assistance.