Entrepreneurship for sustainable development A/RES/73/225 participation, and stresses the need for a comprehensive and holistic a pproach to entrepreneurship that includes long-term and cross-sectoral strategies; 5. Acknowledges that promoting entrepreneurship can stimulate new production processes and technology development, including the building of endogenous capacities for enabling climate change mitigation and adaptation and enhancing energy efficiency, and recognizes that such a policy, which could draw on the initiatives presented in the Global Climate Action Agenda, can help Governments to meet their targets for the Paris Agreement on climate change; 1 6. Also acknowledges that the private sector contributes to the achievement of sustainable development and poverty eradication, and that partnerships with the private sector play an important role in promoting entrepreneurship, generating employment and investment, increasing revenue potential, developing new technologies and innovative business models and enabling high, sustained, inclusive and equitable economic growth while protecting workers’ rights; 7. Further acknowledges the need for Member States to develop policies and, where appropriate, strengthen national and international policy regulatory frameworks and their coherence, harnessing the potential of science, technology and innovation, closing technology gaps and scaling up capacity-building at all levels to better align private sector incentives with public goals, including incentivizing the private sector to adopt sustainable practices, and foster long-term quality investment, taking into account the importance of responsible business practices and corporate social responsibility, as reflected in the 10 principles of the United Nations Global Compact and in the Guiding Principles on Business and Human Rights: Implementing the United Nations “Protect, Respect and Remedy” Framework, 12 environmental, social and governance performance standards and greater transparency in supply chains to end forced and child labour; 8. Recognizes the vital role of entrepreneurship in the development of regional economic integration, which can be an important catalyst for implementing economic reforms, reducing trade barriers and decreasing trade costs; 9. Invites Member States to strengthen the capacity of national financial institutions to reach out to those who have no access to banking, insurance and other financial services, particularly women and women-led micro-, small and mediumsized enterprises, green and inclusive businesses, and digital entrepreneurs, in urban and especially in rural areas, including through the use of innovative tools, including mobile banking, payment platforms and digitalized payments, and encourages them to adopt regulatory and supervisory frameworks that facilitate the safe and sound provision of financial services, increase access to information to protect consumers and promote financial literacy, particularly for women, young people and the most vulnerable people; 10. Also invites Member States to support the digital entrepreneurship of women, including in e-commerce, including for micro-, small and medium-sized enterprises, to develop local solutions and relevant content and promote innovation and decent job creation; 11. Encourages Member States to expand alternative sources of financing, including blended finance as well as impact investing, cooperatives and venture philanthropy, venture capital and angel investors for start -ups, and diversify the retail financial service system to include non-traditional providers of financial services, such as microcredit and microfinance, stresses the value of a sound regulatory framework in this regard, and also encourages the provision of incentives to __________________ 12 18-22548 A/HRC/17/31, annex. 5/9