ICC G20 Business Scorecard 6th Edition (December 2016)
Decisions taken at the 2016 G20 Leaders’ Summit in Hangzhou, China, were generally reflective of business priorities, with a strong emphasis on infrastructure interconnectivity, promising guidance on multilateral investment policy coordination, an increased focus on innovation and the digital economy, and strengthened collaboration on energy access and climate change.
The purpose of this sixth edition of the ICC G20 Business Scorecard is to examine the G20’s collective policy response to the business recommendations developed during the Chinese presidency.
It is ICC’s view that the Scorecard improves the G20 policy-making process by:
- Informing G20 governments on how the business community interprets G20 actions, thereby helping the G20 to establish priorities, honour commitments, gauge its progress over time, and identify areas that merit greater attention.
- Improving business leaders’ ability to tailor recommendations and engagement with the G20 by evaluating whether the G20 has recognized business input and how it has carried through on specific business recommendations.
About the Scorecard
First, given the breadth and complex nature of the G20’s policy work, it is important to note that the Scorecard focuses on G20 responsiveness to business recommendations; it does not attempt to assess progress on the G20’s entire agenda. Second, while this sixth edition of the Scorecard concentrates on G20 performance during the 2016 Chinese Presidency, it includes intertemporal assessments, recognizing that the response cycle of government policymaking is generally more long-term than the time afforded by the one-year G20 presidencies.
It is also important to underline that the Scorecard assesses progress by the G20 collectively in responding to business recommendations, rather than assessing the performance of individual G20 countries. Likewise, the Scorecard does not evaluate G20 performance solely on the basis of its achievement of the “end goal.” Rather, it evaluates G20’s recognition of and subsequent actions in dealing with an issue, followed by an assessment of G20’s responsiveness to corresponding business recommendations.
The sixth edition Scorecard takes as its starting point the 20 recommendations for G20 governments prepared by B20 China in 2016. It also includes an evaluation of recommendations on energy sustainability and security prepared by companies from the ICC G20 CEO Advisory Group in the absence of a B20 China taskforce on energy.1 These were delivered to G20 Energy Ministers ahead of the second G20 Energy Ministerial in Beijing in June 2016. Recommendations evaluated by the Scorecard have been grouped into seven major policy categories corresponding to the 2016 B20 China work structure and the ICC Energy Recommendations:
- Trade and Investment
- Financing Growth
- SME Development
- Energy and Environment