Corporations seek to control the generation of knowledge, concentrate communication mechanisms, sponsor events, and generally co-opt processes that affect their interests.

The Corporate Accountability Working Group (CAWG), an integral part of the International Network for Economic, Social and Cultural Rights (ESCR-Net), identifies various forms of corporate capture in multilateral spaces, such as political and legislative interference, the revolving door phenomenon (where corporate employees become government representatives at the United Nations, for example), and economic diplomacy in which States prioritize corporate elites’ interests over the rights of the population.

Corporate capture is normalized through the discourse and institutions of multi-stakeholderism, which involves corporations in policy formulation and increases their influence in decision-making. In large part, this type of corporate capture is driven by the dependence of multilateral institutions on private financing due to States’ failures to pay their contributions, earmarking funds to serve corporate interests, and falling tax revenues resulting from neoliberal policies.

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