Vol.64 No.22024（No.452）［Abstracts］

A Roadmap to Establishment of Global Citizensʼ Investment Fund for Full
Attainment of SDGs；Towards a Global Citizensʼ Movement to Persuade theUltra-High-Net-Value-Individuals, and to Let the Global Power Elites Act
OKANOUCHI Tadashi＊
Based on the following facts and possibilities, an investment fund called the GlobalCitizensʼ Investment Fund for Full Attainment of SDGs can be created in order to control thedominant Transnational Corporation Finance Group（TNCFG）, and to promote full attainmentof SDGs.
The facts are as follows: 1）The TNCFG, or a group of less than 20 gigantic private
investment funds which connect each other by mutual shareholding, dominates almost all
major transnational corporations（TNCs）including Mega-Banks, GAFAM, Lockheed-Martin,etc., as big activist shareholders, and promotes the TNCs to seek maximum proﬁt instead ofSDGs attainment. 2）The global power elites, or a community of top elites of politicians,
military-forces, information-media, and TNCs are supporting such acts of TNCFG. 3）TheTNCFG are dominated by their shareholders, which are mainly the High-net-worth-individuals（HNWIs）, or super rich. 4）The human society and SDGs attainment is in crisis, while wealthand population of HNWIs have increased steadily since 2015 instead of slight decline in 2022.
The possibilities are as follows: 1）Shareholders of an investment fund can control
management of the corporations, using proxy advisors as their agents at each corporationʼsannual general meetings. 2）Such an investment fund can be a big transnational holding
company which can control all TNCs towards SDGs attainment. 3）The fund can be organizedaccording to the following criteria: a）Purpose as full SDGs attainment with UN Principles ofResponsible Investment. b）Open to all human-beings above 18 and willing to pursue thepurpose of the fund. c）Funded by donations from all major TNCFG, TNCs and individuals. d）
Pass-through of portfolio income to shareholders in equal proportion on a regular basis. e）
Shareholders would not be allowed to buy, sell or bequeath their shares. f）Fund administrators
cannot trade the stocks in its portfolio but must hold them indeﬁnitely. g）Shareholders canvote the share of each companyʼs stock held in its portfolio.
A global citizensʼ movement should be organized accordingly by all NGOs to persuade
the Ultra-High-Net-Value-Individuals, and to let the Global Power Elites act.
＊AAIJ member

Professor, HOSEI University― 80 ―Domestic and International Trends on the SDGs
from an NGO Perspective
NAGASHIMA Miki＊
The Civil Society Network on SDGs（SDGs Japan）, to which the author belongs, is anetwork of civil society organizations（CSOs）that aim to achieve the Sustainable DevelopmentGoals（SDGs）. The Network has focused on policy advocacy activities since establishment in2016.
Implementation of the SDGs has been stagnant or regressive since 2020; the COVID-19
pandemic has widened the gap; gender inequality and global warming have also contributed towidening disparities.
The Sustainable Development Goals Report 2023 which was prepared for the High-Level
Political Forum in July 2023, looks at about 140 of the 169 assessable targets and ﬁnds that
only 15% are "on track," and 37% are "stagnant or regressing", compared to the 2015 baseline,
and 48% are "moderately or signiﬁcantly oﬀ track".
Amid widening disparities and stagnation in the realization of the SDGs, SDGs Japan hasemphasized the importance of poverty and disparity measures based on human rights
guarantees in order to realize a society in which "no one is left behind". In the revision of theSDG implementation guidelines for 2023, SDGs Japan is playing a leading role in submitting
its public opinions to the government.
SDGs Japan will continue to pick up the voices of women, children, the elderly, thedisabled, immigrants, and others who are often left behind, and work to protect the rights of
those who are placed in vulnerable positions.
＊Board Member, Japan Civil Society Network on SDGs

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