Y20 Summit 2019 Japan
CommuniquéBusiness and Environment
1.

We encourage integrated Environmental, Social, and Governance (ESG) reporting
requirements be made mandatory for all business entities in G20 countries urgently,and at the latest by 2030. Corporate Reporting must be monitored and based on
science-based targets reflecting the climate crisis and other planetary boundaries tobe disclosed according to the frameworks participating in the Corporate Reporting
Dialogue. Disclosure should also be encouraged through public-private platforms
that are available to the public and on social media, to raise engagement among thepublic, especially youth.

2.

In order to combat the climate crisis, G20 countries should:A) Incentivize carbon emission reductions by appropriately costing greenhouse gas
related activities; in particular those relating to the fossil fuel and the meatproduction industries.
B) Incentivize multi-stakeholder investment to provide resilient infrastructure andcapacity building on emergency preparedness and sustainable practices, while
prioritizing the needs of vulnerable populations that are affected in adifferentiated manner.
C) Financially support collaboration between private sectors and academic
institutions in order to conduct Research, Development, and Deployment(R&D&D) on sustainable technologies.
D) Strengthen the ESG requirement of the Global Infrastructure Hub; and adopt therecommendations of the Task Force for Climate-related Financial Disclosures(TCFD).

3.

G20 countries should address the significant issue of global waste creation byembracing the circular economy approach to waste management, prioritizing the 3Rs(reduction, reuse, and recycling). To achieve this, G20 countries need to develop
national and corporate standardized circularity indicators that measure and monitor
the movement and reuse of by-products. G20 countries must also commit to reducing
waste by incentivizing the private sector through regulations including bans, andeconomic levers such as taxes, as well as extended producer responsibility, paying
particular attention to avoidable single-use plastic and microplastic.

Future of Work1.

We encourage G20 countries to commit to fundamental workers’ rights and social
protection for all workers regardless of classifications and sectors, noting new formsof labour in the digital and informal economy. Labour contracts, regulation, andpractices should uphold equal pay for equal work, comprehensive benefits,
reasonable leave policies and flexible work forms to address structural inequalities
that disproportionately affect youth, women and marginalized communities
including refugees and migrants. G20 countries should continually monitor theimplementation of such policies and exchange best practices.

2.

G20 countries should ensure the provision of a free and accessible ‘future of work’virtual hub focused on Science, Technology, Engineering, Arts, and Mathematics(STEAM), as well as 21st Century skills. This should provide training programs anda peer network to be utilized by learners and educators at all ages, given the need forlife-long learning. The hub should be accompanied by existing physical face-to-facelearning centres, and should supplement educational curricula. Participation can beincentivized inter alia by stimulating mentorship, financial support, and globallyrecognized certification, with an annual review mechanism.

3.

G20 countries should agree to use economic levers including government
procurement agreements, rebates, and tax incentives, to encourage privatecompanies to provide meaningful paid domestic and international career andentrepreneurship development opportunities for young people. Those opportunities
must develop industry and sector-related skills and exposure to support labour force
resilience to the changing nature of work, and to foster the entrepreneurial
aspirations of young people.

International Trade1.

We call on G20 countries to strengthen the multilateral, rules-based trading system
within the framework of the WTO. We recommend:A) The improvement of the monitoring and notification system;B) The establishment of a permanent multilateral investment dispute settlement
mechanism;C) The reform of public procurement rules, industrial subsidies and IP rights.
Additionally, trade reforms should particularly account for equitable access ofMSMEs to global markets, which also promote youth engagement.

2.

We call on G20 countries to adopt Integrated Reporting as a mandatory, enforceable
mechanism to align corporate behavior that supports transparent and sustainablebusiness, with specific respect to fair value chain activity and the eradication of all
forms of modern slavery. Moreover, establish a mandatory “SustainableDevelopment Clause” in trade agreements, encompassing minimum standards onhuman rights, labour, environment, and disclosure. This can be achieved throughstrengthening and expanding aid for trade programs, equitable technical assistanceand sectoral policy dialogue.

3.

We call on the G20 countries to ensure the free flow of data, enabled by a concerted
international effort to adopt a coherent framework that protects personal data andconsumer rights. Further, we encourage engagement in the on-going e-commercenegotiations among a group of WTO members in order to achieve interoperabilityof data and consumer protection rules. This shall be achieved through establishinginternational standards and regulations, enforcement mechanisms, and adopting
mutual adequacy decisions on digital services and technologies.