The Sustainable Development Goals (SDGs) represent the global priorities for the United Nations 2030 Agenda for Sustainable Development, signed by more than 190 countries in 2015. They set global priorities and aspirations for 2030 and require worldwide action by governments, companies and civil society to eradicate poverty and create a life with dignity and opportunities for all, within the limits of the planet.
“The SDGs should be implemented by all countries in the world
over the next 15 years, by 2030.” Source: UN (2015)
For companies in particular, SDGs provide an opportunity to create and implement solutions and technologies that address the greatest global challenges, helping to link business strategies and global priorities.
Companies can use SDGs as a global framework to shape, guide, communicate and report on their strategies, goals and activities, enabling them to capitalize on a range of benefits such as:
- Identify future business opportunities in growing markets that can benefit from innovative solutions;
- Increase the value of corporate sustainability through economic incentives to a more efficient use of resources and the internalization of externalities;
- Strengthen relations with stakeholders and monitor the pace of public policy development, anticipating legal and reputational risk management;
- Stabilize societies and markets, safeguarding business success in thriving societies with regulated markets, transparent financial systems and non-corrupt and efficiently managed institutions;
- Use the same language and a common purpose for more effective communication with stakeholders about their impacts and performance.