Business resiliency in small island developing states: Lessons from the Caribbean and Pacific

Business resilience in Small Island Developing States Lessons from the Caribbean and Pacific  ILO

Business resiliency in small island developing states: Lessons from the Caribbean and Pacific

ILO Supports Research on Business Resilience and Public-Private Partnerships

The International Labour Organization’s (ILO) Bureau for Employers Activities has conducted research to gain insights into the private sector’s experience with business resilience. The aim of this research is to assess the lessons learned in the field of public-private partnerships and provide guidance for the policy work and services of Employers’ and Business Member Organizations (EBMOs).

Policy Statement Template for EBMOs

As part of this initiative, a policy statement template has been developed to assist EBMOs in advocating for action on this issue. This practical tool can be obtained by EBMOs interested in addressing business resilience. For more information and to request a copy of the template, please contact actemp@ilo.org.

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 8: Decent Work and Economic Growth
  • SDG 17: Partnerships for the Goals

The article mentions the ILO’s Bureau for Employers Activities (EBMOs) supporting research to understand the private sector’s experience of business resilience and public-private partnerships. This aligns with SDG 8, which focuses on promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. Additionally, the article mentions a policy statement template to assist EBMOs in their call to action, indicating a focus on partnerships, which relates to SDG 17.

2. What specific targets under those SDGs can be identified based on the article’s content?

  • SDG 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation.
  • SDG 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources.

The article highlights the research conducted by the ILO’s Bureau for Employers Activities to understand the private sector’s experience of business resilience. This research contributes to the target under SDG 8.3, which aims to promote development-oriented policies that support decent job creation and entrepreneurship. Additionally, the article mentions the importance of public-private partnerships, which aligns with the target under SDG 17.16 to enhance global partnerships for sustainable development.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

Yes, the article implies the following indicators:

  • Number of private sector businesses implementing resilience strategies
  • Number of public-private partnerships established
  • Level of engagement and collaboration between EBMOs and private sector businesses

The article mentions that the research conducted by the ILO’s Bureau for Employers Activities aims to understand the private sector’s experience of business resilience. Therefore, the number of private sector businesses implementing resilience strategies can serve as an indicator to measure progress towards SDG 8.3. Additionally, the article highlights the importance of public-private partnerships, indicating that the number of partnerships established can be used as an indicator for SDG 17.16. Furthermore, the level of engagement and collaboration between EBMOs and private sector businesses can also be an indicator of progress towards both targets.

4. Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 8: Decent Work and Economic Growth Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation (SDG 8.3) Number of private sector businesses implementing resilience strategies
SDG 17: Partnerships for the Goals Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources (SDG 17.16) Number of public-private partnerships established

Source: ilo.org