Flanders has actively integrated sustainability into all its development plans. Article 7bis of the Belgian Constitution establishes that every federal entity pursues the objectives of a sustainable development, in its social, economic and environmental dimensions, taking into account solidarity between generations.
In March 2016, the Flemish Government presented its new strategic outlook for the future: “Vision 2050: a long-term strategy for Flanders”, which constitutes the third Flemish strategy for Sustainable Development. This forward-looking policy document is the first step of the SDG implementation agenda and sets out a vision for an inclusive, open, resilient and internationally connected region that creates prosperity and well-being for its citizens in a smart, innovative and sustainable manner.
Most recently, Flanders has developed a roadmap to support the Flemish SDG implementation agenda: “Vizier 2030 – Flemish 2030 target framework”. This roadmap, finalized on March 29th 2018, comprises objectives for 2030 that are concrete intermediate steps for achieving the Vision 2050 and 49 targets aligned on United Nations’ SDGs.
Both initiatives (Vision 2050 and Vizier 2030) fit within the SDG implementation agenda set by the Flemish Government on 28 October 2016. Vision 2050 is the first part of the SDG implementation agenda, namely the development of a clear long-term vision linked to the SDGs. And with Vizier 2030, Flanders implements the second component of the SDG implementation agenda, translating the SDG framework to Flanders and defining 2030 goals for Flanders.
In this context, Flanders believes that issuing sustainability Bonds will be a key tool to support the achievement of its sustainable development targets.