Responding to the growing demand for support to achieve inclusive and sustainable industrial development, UNIDO department of Trade, Investment and Innovation assists countries by enhancing local productive capacities, thereby advancing economic competitiveness. Inclusive and sustainable industrial development is key to reducing poverty and achieving other development goals.
The importance for inclusive and sustainable industrial development (ISID) to eliminate absolute poverty is reflected in the 2013 Lima Declaration, in which UNIDO Member States renewed their mandate for the organization: the eradication of poverty through inclusive and sustainable development.
The relevance of ISID as an integrated approach to all three pillars of sustainable development is recognized by the recently adopted 2030 Agenda for Sustainable Development and the related Sustainable Development Goals (SDGs), which will frame United Nations and country efforts towards sustainable development in the next fifteen years. UNIDO’s mandate is fully recognized in SDG-9, which calls to “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation”. The relevance of ISID, however, applies in greater or lesser extent to all SDGs.
UNIDO promotes industrial development that reduces its environmental footprint and supports the creation of decent jobs and income for all.
In order to contribute to the overarching sustainable development goals, UNIDO’s work is aligned along the following four strategic priorities:
- Creating shared prosperity
- Advancing economic competitiveness
- Safeguarding the environment
- Strengthening knowledge and institutions
UNIDO carries out four interlinked core functions to achieve its management objective of integration and scale-up:
- Technical cooperation function
- Analytical and research function, and policy advisory services
- Normative function and activities related to standards and quality
- Convening function and partnerships
UNIDO will continue making every effort to increase the efficiency, effectiveness, accountability and transparency of its operations in order to maximize the impact of its activities.