Why does AFD support the Global Compact?
The overall approach: reconciling economic, social and environmental priorities
As humanity became aware that it was at a turning point in its evolution, as much for fighting injustice in economic and social development between Nations as for preserving environment, the international community made a commitment to set up a global partnership for sustainable development. This commitment was made 14 years ago after the Rio Earth Summit.
AFD has placed sustainable development at the center of its activity, and deals with the issue from three angles of attack:
- promoting economic growth,
- reducing poverty and social inequality and
- protecting humanity’s common goods, which is to say fighting the major endemics as well as global warming; preserving biodiversity; ensuring international security and also promoting social and environmental responsibility of both corporations as well as of States.
In keeping with its principles and its commitment to the United Nations Global Compact, AFD seeks to promote a policy of Social and Environmental Responsibility, which deals both with its internal operations as well as those financed by the Agency. A Social and Environmental Responsibility document will be drafted by AFD in 2006.
Sustainable development and internal management
Designing and carrying out operations in the light of sustainable development
The eight Social and Environmental Responsibility components of the private sector for AFD
The banking sector: a key actor in disseminating good practices
| “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” The Brundtland Report, 1987 |
AFD’s applications of the Global Compact principles
The "Communication on Progress" of AFD