UNDP - Public Private Partnerships

UNDP Public Private Partnerships

UNDP’s Public Private Sector Partnership Portfolio in Trinidad and Tobago is concentrated in the following areas:

UNDP Project Title: Development of a National CSR Policy

UNDP Project number: TBD

Focus Area: Poverty and the MDGs

Service Line: Enhanced national and local capacities to plan, monitor, report and evaluate the MDGs and related national development priorities, including within resource frameworks

Dates: 2010-2011

Status: Will start 1 June 2010

Location: Trinidad and Tobago

Executing Partner: Ministry of Planning, Housing and the Environment

Financial Information

Source of Funds:

UNDP Programme Cost Sharing

Budget:

US$ 287,820

Expenditure to date:

US$ 0 (will start 1 June 2010)

Brief Description:
Increasingly, companies integrate social and environmental concerns into their corporate values and external operations. While this concept of Corporate Social Responsibility (CSR) has risen to greater prominence within Trinidad and Tobago’s business community over the past two to three years, the desire is now for government’s leading role to be increased to seek to guide and establish a vision and enabling environment for corporate social responsibility in the country. This project seeks to assist the Ministry of Housing, Planning and the Environment (MPHE) in the development of a national CSR policy and strategy and to support the MPHE in its efforts to host the 8th Inter-American CSR Conference in late 2010 through the development of a range of knowledge products including working papers and a CSR video.

Project Document Link

Contact: Jens Ulrich Poppen

UNDP recognizes the critical role of the private sector in making progress towards the development of Trinidad and Tobago and the achievement of both the Millennium Development Goals (MDGs) and the goals stated in the country’s development plan, Vision 2020. There are many reasons why it makes sound business sense to contribute towards development in Trinidad and Tobago. These include:

· Investing in a sound and sustainable environment in which to do business.

· Managing the direct costs and risks of doing business.

· Harnessing new business opportunities including pro poor approaches.

UNDP recommends that key building blocks to engage the private sector in the development of Trinidad and Tobago are:

· The practice of Corporate Social Responsibility (CSR) for which UNDP in Trinidad and Tobago undertakes advocacy and has already completed various studies and initiatives such as:

o The UNDP/South Trinidad Chamber of Industry and Commerce CSR Mapping project

o The Government of Trinidad and Tobago/UNDP Caribbean CSR Conference held on Oct 27^th, 2009. Click here for the conference final report.

· Harnessing its initiatives on

o Growing Inclusive Markets

o Business Call To Action

· Development of a local UN Global Compact network.

For more information on UNDP’s programmes with the private sector, visit: http://www.undp.org/partners/business/

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