Multi-Stakeholder Initiative (MSI)

A Multi-Stakeholder Initiative (MSI) is a collaborative approach where different groups—such as governments, businesses, civil society organizations, and consumers—come together to address complex social, environmental, or economic issues. By sharing expertise and resources, MSIs aim to develop and promote best practices, standards, or policies that benefit all parties involved. This inclusive process fosters transparency, accountability, and consensus-building, helping to create sustainable solutions that no single group could achieve alone. MSIs are common in areas like human rights, environmental protection, and fair trade.