Promoting investments for sustainable development A/RES/74/199 10. Welcomes the progress made by many countries in strengthening the enabling environment for private sector businesses and investments, but notes that more can be done to create competitive business and investment climates, including by increasing efforts to combat corruption, that are well placed to attract private sector investment and participation in support of sustainable development; 11. Reiterates that greater gender equality in the distribution of economic resources can provide the means for women to generate income and creates positive multiplier effects for the achievement of inclusive, equitable and sustainable economic growth, and in this regard reiterates the need for targeted actions and investments; 12. Recognizes the importance of private sector engagement with national, international and intergovernmental organizations, Member States and other relevant stakeholders, as appropriate, in their efforts to achieve the Sustainable Development Goals, in an effective, accountable and consultative manner; 13. Notes the importance of sustainable corporate practices, including integrating environmental, social and governance factors into company reporting, as appropriate, with countries deciding on the appropriate balance of voluntary and mandatory rules, and encourages businesses to adopt principles for responsible business and investing; 14. Acknowledges the importance of corporate sustainability reporting, encourages companies, especially publicly listed and large companies, to integrate sustainability and due diligence information into their reporting cycles, encourages industry, interested Governments and relevant stakeholders, with the support of the United Nations system, as appropriate, to enhance existing models and develop new models for best practice and to facilitate action for the integration of sustainability reporting, taking into account experiences from already existing frameworks and paying particular attention to the needs of developing countries, including for capacity-building, and welcomes in this context the collaboration of the United Nations Global Compact with the Global Reporting Initiative and the World Business Council for Sustainable Development; 15. Calls upon Member States to reduce tensions and other risk factors and to foster environments that are conducive to scaling-up long-term and sustainable investments, characterized by, inter alia, open, transparent and non-discriminatory investment policies; 16. Notes with concern the growing number of slum dwellers and the adverse effects on their health, safety and livelihood opportunities, and in this regard encourages targeted investments to ensure affordable and adequate housing as well as sustained investment for Sustainable Development Goal targets in these sectors by 2030; 17. Emphasizes that the private sector can contribute to the achievement of the 2030 Agenda for Sustainable Development 2 in many ways, including through applying creative and innovative solutions to solving sustainable development challenges, the alignment of its business models with the Sustainable Development Goals, and supporting the efforts of the public sector in, inter alia, disaster risk reduction, climate action and skills development, in accordance with national plans and policies; 18. Welcomes the growing interest among investors in taking sustainability issues into account in their investment decisions, but acknowledges that further work __________________ 2 19-22412 Resolution 70/1. 5/7