“There’s also a realm of difference [between] those who are trying to make sustainability part of their core business strategy and those who still see it as an ‘add-on’.”. You can change your choices at any time by visiting Your Privacy Controls. India, for example, has obliged major organisations to donate at least 2% of their net annual profit to charity. “[Sustainable business] is a movement that’s still gathering momentum and authority,” he says. The 17 objectives aim to improve a broad range of ecological and humanitarian issues including poverty, hunger, health, education, climate change and social justice. The Sustainable Development Goals (SDGs) provide both a stimulus and a framework for corporate sustainability efforts: This is reflected in the 2018 BSR/Globescan State of Sustainable Business Survey, where more than 70 percent of business leaders surveyed said that they are using the SDGs as their strategic north star in setting sustainability targets. More than 9,000 companies around the world have pledged to support United Nations sustainable-development goals such as respecting human rights, fighting corruption and ending poverty. The 17 goals provide a useful reference for banks and other financial services companies to understand and measure how they contribute to sustainable development. Regionally, respondents in Africa, Latin America and the Middle East are engaging most with the goals, according to Ethical Corporation’s research, with the lowest level of engagement (37%) in North America. Although it’s too early for practical, widespread business action on the SDGs, companies are doing the groundwork to integrate the goals into their sustainability strategies, according to Malloch-Brown. As a part of a new sustainable development roadmap, the United Nations approved the 2030 Agenda, which contains the Sustainable Development Goals, a call to action to protect the planet and guarantee the global well-being of people. 2019 will mark four years since the United Nations (UN) member states unanimously agreed on the Sustainable Development Goals (SDGs) as a blueprint for peace and prosperity for people and planet by 2030 – a deadline which is starting to loom ever-larger on the horizon. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Sustainable Development Goals What are the Sustainable Development Goals? The report says these firms are characterised by their ability to see the potential of combining growth and sustainability, form collaborations, use technology to achieve scale and reach, and see the SDGs as a way to achieve competitive advantage. … Real progress will only come about if multi-national companies support … Climate action was also the most supported goal among corporate and brand respondents (63%), followed by SDG eight, decent work and economic growth (52%), and SDG 12, responsible consumption and production (51%), which was particularly popular among apparel, fast-moving consumer goods and manufacturing companies. Businesses are failing to work on the UN’s sustainable development goals (SDGs), according to two new surveys, despite being billed as having a key role to play in achieving the ambitious goals. Meanwhile, a study from sustainability consultancy Corporate Citizenship found the lack of tangible business action on the SDGs is causing a trust problem among consumers, particularly so-called millennials. Nestlé is welcoming the adoption of the United Nations post-2015 development agenda by highlighting the role it will play in supporting goals such as achieving food security, promoting sustainable agriculture and ensuring sustainable management of water. “Governments need to put their noses under the hood and understand the type of regulatory environment businesses require,” Malloch-Brown concludes. The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. 17 Companies Helping Meet the 17 UN Sustainable Development Goals The world around us is changing, and necessarily for the better . Like Unilever, there are companies in other industries forming a vanguard of early movers, merging their business goals with sustainable development. Micro-, Small and Medium-sized Enterprises (MSMEs) are the backbone of the Cambodian economy, comprising more than 90 percent of enterprises in the country. US-headquartered businesses are sometimes slower than their counterparts in Europe to embrace UN-sponsored initiatives, says Aron Cramer, CEO of sustainability consultancy BSR, adding they “have a cultural preference to do first and talk later”. Policy-makers could also consider making corporate contributions to sustainable development mandatory, says Ashoka’s Archana Sinha. For companies, successful implementation will strengthen the enabling environment for doing business and building markets around the world. He says Unilever’s “sustainable living” brands (which it defines as those that have integrated sustainability into their purpose and products) are growing 30% faster than the rest of the company. Findings showed that despite 81% of millennials believing business has a key role to play in achieving the SDGs, the majority of businesses are not yet acting. The United Nations’ 17 sustainable development goals (SDGs) were explicitly designed to engage the private sector in addressing the world’s most pressing challenges. Catalysing further progress on the goals will require a more balanced approach to regulations on investment, particularly renewable energy investments v fossil fuel subsidies, says Malloch-Brown. Hansen says companies should incentivise every employee to achieve SDG-related targets, including through performance reviews. The Sustainable Development Goals (SDGs), launched by the United Nations in 2015, are an excellent vehicle for driving this change. Important United Nations-convened global public policy processes and frameworks on sustainable development will culminate this year. HuffPost is part of Verizon Media. SDG one, no poverty, and SDG two, no hunger, were among the least supported goals, scoring 22% and 20% respectively. However, the soon-to-be-adopted SDGs are … Introduced as part of the 2030 Agenda for Sustainable Development, the Sustainable Development Goals aim to wipe out extreme poverty, fight inequality, and tackle climate change.But UN Secretary-General Ban Ki-moon has framed the SDGs not as a lofty vision, but as a practical opportunity for companies to deliver global solutions. Sustainable Development (United Nations, 2015) requires new innovation approaches that are socially inclusive and environmentally benign. This study presents several new and emerging innovation approaches, highlights how they may contribute to the achievement of the Sustainable Development Goals and discusses some of the The 2030 Agenda for Sustainable Development acknowledges the importance of the AU Agenda 2063 and considers it an integral part of it. For example, off-grid solar company M-Kopa Solar is now providing solar energy to 400,000 customers in east Africa, who pay for the service using M-Pesa. The SDGs were set in 2015 by the United Nations General Assembly and are intended to be achieved by the year 2030. Building on a sound, established approach to human rights and environmental issues is vital, says Ole Lund Hansen, chief of leadership programmes at the UN Global Compact, before companies determine where their activities have an impact on people, economies or the environment, and prioritise specific goals. The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked global goals designed to be a "blueprint to achieve a better and more sustainable future for all". The SDGs on poverty and hunger were the least supported by businesses; goals around climate action were the most supported. The SDGs are universal goals applicable, not only to developing countries but also developed countries, and pledge “Leave no one behind.” through the implementation process. Media play a particularly critical role in supporting public dialogue and enhancing knowledge on ways to support sustainable development and achieve the Goals. De Montfort University Leicester (DMU) is committed to supporting the United Nations’ Sustainable Development Goals to ensure all people enjoy peace and prosperity by 2030. 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