The United Nations Sustainable Development Goals (SDGs) are born as a public commitment to promote sustainability and ensure a prosperous and inclusive society. His goal is clear: to leave no one behind.
We companies play a vital role in building a sustainable future, encouraging initiatives towards a more resilient world and promoting equal opportunities for all groups.
Global challenges related to climate, poverty, conflict or inequality need solutions that companies can offer. This commitment represents a major step in the growth of business innovation. Aligning business and sustainability strategy with the SDGs can translate into multiple opportunities for the organization, both in terms of profit and brand image, talent retention and stakeholder satisfaction.
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Value and impact, attributes of sustainable companies.
Taking an active role in leading this transformation and putting the SDGs at the center of operational decisions will open up new opportunities:
- Impact investment:
Many of the world's most recognized institutional investors see the SDGs as a growing demand and a key factor when it comes to investing. This is demonstrated by the report of the US SIF Foundation: “it is expected to see a greater number of investment management companies and institutional asset owners citing the SDGs as an additional motivation for sustainable investment”. - Risk management:
Integrating the SDGs into the organization's strategy and operations can protect against operational, regulatory and reputational risks. In this way, you can contribute to making your business more resilient in the face of obstacles such as social unrest, new policies and regulations related to climate change, or the decrease in trust in the private sector. - Growth boost:
As various reports from the Commission on Business and Sustainable Development reveal, business models that take the SDGs into account can open up economic opportunities worth up to $12 billion and increase employment by up to 380 million jobs.
From responsible values to sustainable results
Analyzing sustainability and charting the way forward will accelerate the change towards an exemplary organization. To do this, we must mark the factors to take into account.
- Develop the strategy
Perform a comprehensive understanding of how the company's activities translate into economic, environmental and social impacts in relation to the SDGs. Identifies the SDGs with the greatest impact on business activities to define the areas of action. - Define the objectives
It outlines objectives that can be linked to the corporate strategy based on initiatives that can promote and improve the alignment of sustainability and the corporate strategy, whether they are new goals or existing actions.
- Integrate strategy and objectives
Make the SDG strategy feasible and effective, integrating the goals into the strategy and taking into account business models, procurement and R&D processes, and supply chain transformations. By realigning sustainability strategies to achieve both goals, companies can identify new areas where they can leverage existing projects to positively contribute to the SDGs. - Establish a roadmap and KPIs
Have a structured roadmap to achieve the objectives set. Define priorities, allocate resources and establish a calendar. On the other hand, it establishes KPIs that are aligned with the SDGs to monitor and determine the most effective strategies and actions. - Establish collaborations
Identifies opportunities for collaboration with colleagues, clients, suppliers and organizations to obtain favorable solutions. Make use of networks to achieve economies of scale and share responsibilities. - Measure, evaluate, report and communicate
Develop systems to measure results and create regular, transparent and balanced reports on the performance and progress of the SDGs. It will be a key step for the progress and improvement of the SDGs within the organization.
The global community is in a process of transition towards a sustainable future.
Companies have a clear interest: to develop and scale sustainable business solutions. The SDGs are a key factor in addressing new challenges, building a solid growth strategy and developing innovative business solutions. Leading the transformation towards a more inclusive, equal and prosperous world starts here.
