Investment for sustainable2024Results and impact report and inclusive development D i v i s i o no n i n v e s t m e n t a n d e n t e r p r i s e This document has not been formally edited. A Message from Mr. James Zhan InDecember 2023, Mr. James Zhan concluded his 15-yeardirectorship of the Division on Investment and Enterprise. Belowis an extract from his 2023 end-of-year message, which highlightssome of the key achievements of the Division under his leadership. “The end of 2023 marks the completion of my decade-and-a-halfdirectorship at the Investment and Enterprise Division… [this is an]opportunity to share with you my reflection on [the Division’s] strategicframework and major accomplishments during my tenure. The Division’s new strategic orientation started at the time of the global financial crisis in2008-2009. [The Division] championed a paradigm shift from “freedom of investment” to“investment for sustainable development” …. formulated a new generation of investmentpolicy… [and] drove the reforms of the investment treaty regime and the modernization ofnational investment policies worldwide. [The Division] succeeded in filling the systemic gapin the global investment governance. We adopted a “soft normative approach” to global investment policymaking...developedflexible and non-binding instruments and norms, such as frameworks, guiding principles,guidelines, model guidance, and voluntary codes. This approach enabled us to effectivelynavigate the complexities of global investment and development, fostering a virtuous cycleof evidence-based policymaking, international consensus building and technical assistance. Our World Investment Report (WIR) has been a cornerstone of our work, effectivelyaddressing key and emerging global challenges and opportunities. It played a key role inredefining mainstream policies and updating national and international investment strategies. Our World Investment Forum, established in 2008, has grown into the world’s pre-eminentplatform for investment and enterprise development. It has been instrumental in launchingglobal initiatives, shaping global debates, formulating policies, and addressing varioussectoral investment challenges. Our World Investment Network has effectively connected over 100,000 investment-enterprise development stakeholders globally. [The Division has] also successfully launcheda number of strategic alliances and fostered partnerships with different constituents ofthe global investment community. Together, they cover the entire spectrum of the globalinvestment chain…None of these achievements would have been possible without thededication, expertise and hard work of the staff and managers of the Division. My deepestappreciation goes to all our colleagues…for their invaluable contributions to the division’ssuccess...Together, we have forged a centre of excellence that effectively serves the globalinvestment-enterprise community and significantly contributes to UNCTAD’s vision ofsustainable development and prosperity for all.” Dr. James Zhan is senior director of investment and enterprise, and chief advisor to theSecretary-General, UNCTAD. He is also editor-in-chief of the UN’s Transnational Corporationsjournal and World Investment Report. He chairs the Governing Board of UN SustainableStock Exchanges, with 130 stock exchanges worldwide as partners. He initiated and co-chairs the Global Alliance of Special Economic Zones and the Family Business for SustainableDevelopment. He is the founding chair of the World Investment for Development Alliance. Heis also chief strategic advisor for the World Association of Investment Promotion Agencies,and member of the Advisory Council for International Financial Reporting Standards (IFRS).He has provided policy advice to numerous governments (including heads of states andministers), parliaments and global summits (including G20). He led the formulation of aglobal framework for a new generation of investment policies used in over 130 countriesand regional groupings. He also established and leads the World Investment Forum. Hehas held several advisory positions in academic institutions, including Cambridge University,Columbia University, Cornell University and Oxford University, as well as professor and PhDsupervisor. He was member of the Global Agenda Council of World Economic Forum. Hehas extensive publications on investment, trade and technology related economic and legalissues. He has been a resource person for several global mainstream media, including WallStreet Journal, Financial Times, Economist. Abbreviations ADTAccounting Development ToolASIFAfrican Sovereign Investor ForumBITsBilateral Investment TreatiesDIAEDivision on Investment and EnterpriseEmpretecEmprendedores (entrepreneurs) y Tecnología (technology)ESGEnvironmental, Social and Governance CriteriaEPFEntrepreneurship Policy FrameworkFBNFamily Business NetworkFBSDFamily Business for Sustainable DevelopmentFDIForeign Direct InvestmentGASEZG