Sorry, you need to enable JavaScript to visit this website.
United Nations Department of Economic and Social Affairs Sustainable Development

Liechtenstein Initiative – For a Financial Sector Commission on Modern Slavery and Human Trafficking

(
Government
)
#SDGAction43378
    Description
    Description
    The “Liechtenstein Initiative” - a public-private partnership between the Governments of Liechtenstein, Australia and the Netherlands, as well as Liechtenstein private sector actors and foundations - puts the financial sector at the heart of global efforts to end modern slavery and human trafficking, in line with the 2030 Agenda. In a first phase, its Financial Sector Commission (FSC) has worked on a blueprint for the global financial sector to accelerate engagement to tackle these crimes. The “Blueprint for Mobilizing Finance Against Slavery and Trafficking” will be launched on 27th September and aims at helping relevant financial sector actors, including banks, pension funds, insurers, fintech, regulators and more, to take action against modern slavery and human trafficking. It sets out five ambitious goals which these actors can implement through individual and collective action. In the second phase of the “Liechtenstein Initiative for Finance Against Slavery and Trafficking” (FAST) will provide guidance and support to implement the goals and actions set forth by the Blueprint. It will review the implementation and bring together a “network of networks” which will deal with different dimensions of implementation to exchange progress made, lessons learned and challenges. The stories of change, and the insights they reveal, will then inform the design and delivery of a FAST Review Conference, to be held in 2021, in Liechtenstein
    Expected Impact

    The Financial Commission’s Blueprint is expected to impact the improvement of the following five goals:
    1. Compliance with laws against modern slavery and human trafficking.
    2. Knowing and showing modern slavery and human trafficking risks.
    3. Using leverage creatively to mitigate and address modern slavery and human trafficking risks.
    4. Providing and enabling effective remedy for modern slavery and human trafficking harms.
    5. Investment in innovation for prevention.

    Partners
    Government of Liechtenstein (Government)
    Government of Australia (Government)
    Government of the Netherlands (Government)
    United Nations University Center for Policy Research (Research Institute)
    LGT Group (Private sector)
    Liechtenstein Bankers Association (Association)
    Hilti Family Foundation (Philanthropic organization)
    Medicor Foundation (Philanthropic organization)
    Tarom Foundation (Association)

    Goal 8

    Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

    Goal 8

    8.1

    Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
    8.1.1

    Annual growth rate of real GDP per capita

    8.2

    Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

    8.2.1

    Annual growth rate of real GDP per employed person

    8.3

    Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

    8.3.1

    Proportion of informal employment in total employment, by sector and sex

    8.4

    Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead

    8.4.1

    Material footprint, material footprint per capita, and material footprint per GDP

    8.4.2

    Domestic material consumption, domestic material consumption per capita, and domestic material consumption per GDP

    8.5

    By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
    8.5.1

    Average hourly earnings of female and male employees, by occupation, age and persons with disabilities

    8.5.2

    Unemployment rate, by sex, age and persons with disabilities

    8.6

    By 2020, substantially reduce the proportion of youth not in employment, education or training
    8.6.1

    Proportion of youth (aged 15-24 years) not in education, employment or training

    8.7

    Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms

    8.7.1

    Proportion and number of children aged 5‑17 years engaged in child labour, by sex and age

    8.8

    Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

    8.8.1

    Fatal and non-fatal occupational injuries per 100,000 workers, by sex and migrant status

    8.8.2

    Level of national compliance with labour rights (freedom of association and collective bargaining) based on International Labour Organization (ILO) textual sources and national legislation, by sex and migrant status

    8.9

    By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

    8.9.1

    Tourism direct GDP as a proportion of total GDP and in growth rate

    8.10

    Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

    8.10.1

    (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adults

    8.10.2

    Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider

    8.a

    Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries
    8.a.1

    Aid for Trade commitments and disbursements

    8.b

    By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

    8.b.1

    Existence of a developed and operationalized national strategy for youth employment, as a distinct strategy or as part of a national employment strategy

    Goal 5

    Achieve gender equality and empower all women and girls

    Goal 5

    5.1

    End all forms of discrimination against all women and girls everywhere

    5.1.1

    Whether or not legal frameworks are in place to promote, enforce and monitor equality and non‑discrimination on the basis of sex

    5.2

    Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation
    5.2.1

    Proportion of ever-partnered women and girls aged 15 years and older subjected to physical, sexual or psychological violence by a current or former intimate partner in the previous 12 months, by form of violence and by age

    5.2.2

    Proportion of women and girls aged 15 years and older subjected to sexual violence by persons other than an intimate partner in the previous 12 months, by age and place of occurrence

    5.3

    Eliminate all harmful practices, such as child, early and forced marriage and female genital mutilation
    5.3.1

    Proportion of women aged 20-24 years who were married or in a union before age 15 and before age 18

    5.3.2

    Proportion of girls and women aged 15-49 years who have undergone female genital mutilation/cutting, by age

    5.4

    Recognize and value unpaid care and domestic work through the provision of public services, infrastructure and social protection policies and the promotion of shared responsibility within the household and the family as nationally appropriate

    5.4.1

    Proportion of time spent on unpaid domestic and care work, by sex, age and location

    5.5

    Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

    5.5.1

    Proportion of seats held by women in (a) national parliaments and (b) local governments

    5.5.2

    Proportion of women in managerial positions

    5.6

    Ensure universal access to sexual and reproductive health and reproductive rights as agreed in accordance with the Programme of Action of the International Conference on Population and Development and the Beijing Platform for Action and the outcome documents of their review conferences

    5.6.1

    Proportion of women aged 15-49 years who make their own informed decisions regarding sexual relations, contraceptive use and reproductive health care

    5.6.2

    Number of countries with laws and regulations that guarantee full and equal access to women and men aged 15 years and older to sexual and reproductive health care, information and education

    5.a

    Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws

    5.a.1

    (a) Proportion of total agricultural population with ownership or secure rights over agricultural land, by sex; and (b) share of women among owners or rights-bearers of agricultural land, by type of tenure

    5.a.2

    Proportion of countries where the legal framework (including customary law) guarantees women’s equal rights to land ownership and/or control

    5.b

    Enhance the use of enabling technology, in particular information and communications technology, to promote the empowerment of women
    5.b.1

    Proportion of individuals who own a mobile telephone, by sex

    5.c

    Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of all women and girls at all levels

    5.c.1

    Proportion of countries with systems to track and make public allocations for gender equality and women’s empowerment

    Goal 16

    Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

    Goal 16

    16.1

    Significantly reduce all forms of violence and related death rates everywhere

    16.1.1
    Number of victims of intentional homicide per 100,000 population, by sex and age
    16.1.2
    Conflict-related deaths per 100,000 population, by sex, age and cause
    16.1.3

    Proportion of population subjected to (a) physical violence, (b) psychological violence and/or (c) sexual violence in the previous 12 months

    16.1.4

    Proportion of population that feel safe walking alone around the area they live after dark

    16.2

    End abuse, exploitation, trafficking and all forms of violence against and torture of children

    16.2.1

    Proportion of children aged 1–17 years who experienced any physical punishment and/or psychological aggression by caregivers in the past month

    16.2.2
    Number of victims of human trafficking per 100,000 population, by sex, age and form of exploitation
    16.2.3

    Proportion of young women and men aged 18–29 years who experienced sexual violence by age 18

    16.3

    Promote the rule of law at the national and international levels and ensure equal access to justice for all

    16.3.1

    Proportion of victims of (a) physical, (b) psychological and/or (c) sexual violence in the previous 12 months who reported their victimization to competent authorities or other officially recognized conflict resolution mechanisms

    16.3.2
    Unsentenced detainees as a proportion of overall prison population
    16.3.3

    Proportion of the population who have experienced a dispute in the past two years and who accessed a formal or informal dispute resolution mechanism, by type of mechanism

    16.4

    By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime

    16.4.1
    Total value of inward and outward illicit financial flows (in current United States dollars)
    16.4.2
    Proportion of seized, found or surrendered arms whose illicit origin or context has been traced or established by a competent authority in line with international instruments

    16.5

    Substantially reduce corruption and bribery in all their forms

    16.5.1
    Proportion of persons who had at least one contact with a public official and who paid a bribe to a public official, or were asked for a bribe by those public officials, during the previous 12 months
    16.5.2
    Proportion of businesses that had at least one contact with a public official and that paid a bribe to a public official, or were asked for a bribe by those public officials during the previous 12 months

    16.6

    Develop effective, accountable and transparent institutions at all levels

    16.6.1
    Primary government expenditures as a proportion of original approved budget, by sector (or by budget codes or similar)
    16.6.2

    Proportion of population satisfied with their last experience of public services

    16.7

    Ensure responsive, inclusive, participatory and representative decision-making at all levels

    16.7.1

    Proportions of positions in national and local institutions, including (a) the legislatures; (b) the public service; and (c) the judiciary, compared to national distributions, by sex, age, persons with disabilities and population groups

    16.7.2
    Proportion of population who believe decision-making is inclusive and responsive, by sex, age, disability and population group

    16.8

    Broaden and strengthen the participation of developing countries in the institutions of global governance

    16.8.1

    Proportion of members and voting rights of developing countries in international organizations

    16.9

    By 2030, provide legal identity for all, including birth registration

    16.9.1
    Proportion of children under 5 years of age whose births have been registered with a civil authority, by age

    16.10

    Ensure public access to information and protect fundamental freedoms, in accordance with national legislation and international agreements

    16.10.1
    Number of verified cases of killing, kidnapping, enforced disappearance, arbitrary detention and torture of journalists, associated media personnel, trade unionists and human rights advocates in the previous 12 months
    16.10.2
    Number of countries that adopt and implement constitutional, statutory and/or policy guarantees for public access to information

    16.a

    Strengthen relevant national institutions, including through international cooperation, for building capacity at all levels, in particular in developing countries, to prevent violence and combat terrorism and crime

    16.a.1
    Existence of independent national human rights institutions in compliance with the Paris Principles

    16.b

    Promote and enforce non-discriminatory laws and policies for sustainable development

    16.b.1
    Proportion of population reporting having personally felt discriminated against or harassed in the previous 12 months on the basis of a ground of discrimination prohibited under international human rights law
    Launch of the Financial Commission’s Blueprint for Mobilizing Finance Against Modern Slavery and Human Trafficking
    Dissemination and implementation of the Blueprint, as part of Finance Against Slavery and Trafficking (FAST)
    Review of implementation by FAST
    Staff / Technical expertise
    25 Commisssioners
    No progress reports have been submitted. Please sign in and click here to submit one.
    False
    Action Network
    SDG Acceleration Actions
    Share
    FacebookTwitterLinkedIn
    Timeline
    01 September 2018 (start date)
    01 September 2030 (date of completion)
    Entity
    Government of Principality of Liechtenstein
    SDGs
    Region
    1. Africa
    2. Asia and Pacific
    3. Europe
    4. Global
    5. Latin America and the Caribbean
    6. North America
    7. West Asia
    Geographical coverage
    Permanent Mission of Liechtenstein to the United Nations in New York
    Other beneficiaries
    Global reach
    Countries
    Liechtenstein
    Liechtenstein
    Contact Information

    Myriam Oehri, Second Secretary