ADFIAP SG in ESCAP business advisory council

escapnewPursuing further ADFIAP’s aim of engaging with institutions with similar advocacies on sustainable development, ADFIAP Secretary General, Mr. Octavio B. Peralta, has been named to be part of the ESCAP Business Advisory Council (EBAC). Mr. Peralta is also a member of EBAC’s Task force on Micro, Small and Medium Enterprises (MSMEs) and Entrepreneurship in Business and Development chaired by Dr. Sailendra Narain, Chairman of the Centre for SME Growth & Development Finance, an ADFIAP member.

Members of EBAC consist of business leaders, CEOs, representatives and experts from or operating in regional member and associate member countries/economies of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) EBAC members conform to and promote ethical and responsible business practices and fully subscribe to United Nations principles and norms and strive towards full implementation of the principles of the Global Compact and towards Global Compact membership.

EBAC was established at the first Asia-Pacific Business Forum (APBF) in Shanghai in 2004 and has provided substantive support and in-kind contribution to the APBF ever since. It has grown to close to 50 members and is still expanding to be truly representative of the business sector in the region, from big to small business covering all economic sectors and a wide range of industries. It specifically aims to provide business perspectives on development issues in the Asia-Pacific region to governments as represented in the legislative bodies of ESCAP, in particular (but not limited to) the Committee on Trade and Investment and provide advice to the ESCAP secretariat on its programmes and projects.

EBAC is presently working to establish a regional Sustainable Business Network, consisting of the following two task forces: (1) green business, and; (2) social enterprises and micro, small and medium-sized enterprises (MSMEs). EBAC recently established two additional task forces dealing with inclusive trends in trade, investments and finance and interregional connectivity respectively.

ESCAP is the regional development arm of the United Nations for the Asia-Pacific region. Made up of 62 member States with a geographical scope that stretches from Turkey in the west to the Pacific island nation of Kiribati in the east, and from the Russian Federation in the north to New Zealand in the south, the region is home to 4.1 billion people, or two thirds of the world’s population. This makes ESCAP the most comprehensive of the United Nations five regional commissions, and the largest United Nations body serving the Asia-Pacific region with over 600 staff.