Name: Presentación de PowerPoint
Uploaded: 2024-02-29
Duration: 1 min 37 s
Description: Inclusive and Responsible Business and Investment (IRBI) 29 February, 1 March Lima, Peru.

Inclusive and Responsible Business and Investment (IRBI) 29 February, 1 March Lima, Peru. 

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Inclusive and Responsible Business and Investment (IRBI) 29 February, 1 March 
Lima, Peru

Private Investment Promotion Agency - PROINVERSIÓN

Investment Experts Group First Meeting (IEG 1) 2024

Responsible Business and Investment: development in Peru. 

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Responsible Business and Investment: development in Peru

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80’s

 Economic crisis

 Contraction of investment inflows

 90’s

 Economic policy reforms

 Open markets

 High inflation

 Inflow of capital

 First Investment Agreements

Positive impacts: Increase of Foreign Direct Investment (FDI) Increase of international reserves Decline in the pace of devaluation Lower inflation

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Acknowledge positive contributions that businesses make to economic, environmental and social progress,  while also acknowledging the multifaceted impacts, both positive and negative, that their activities can cause or contribute to or be directly linked to.

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Need for investment to be a central part of sustainable development strategies

 Achieve sustainable development through more responsible investments

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Change of Bilateral Investment Treaties (BIT) Model 

 Labour & environmental reforms

 International approach: multilateral instruments

 Self regulation of businesses: Corporate Social Responsibility (CSR)

 “National Action Plan on Business & Human Rights”

 Lead by example

 Responsible Business Conduct (RBC) & Due Diligence promotion

 Regional approach: Sub Group on Responsible Business Conduct (RBC)  in the Pacific Alliance

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Changes in policies are needed

 Enforce legislation

 Informality is still a problem

 Multi-stakeholder approach

Presentación de PowerPoint

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