The establishment in 2015 of the Sustainable Development Goals (SDGs) has created a global consensus on the development framework for a better world. Engagement of the business community in this agenda is critical. Achieving the Global Goals and the goals of the Paris Agreement requires the business community from the large multinational corporations to the small and medium-sized enterprises to purposefully embed the Ten Principles of UN Global Compact
in their operations, which is leading this movement by driving the ambition and laying out the roadmap for businesses to do their part in this global effort.
UN Global Compact Strategy, 2021-2023.
As we look to the next decade, there is significant cause for
concern about the future of our society and planet. Current
trajectories suggest that the world is not on track to achieve
the SDGs. Within the global business community, current
targets and actions are insufficient: Even within the current
participants of UN Global Compact, only 39 per cent of
companies believe their targets are sufficiently ambitious
and only 46 per cent are embedding SDGs into their core
business. There are only 10 years left to shift the world onto
a 1.5°C trajectory, reduce global inequalities, and achieve the
substance of the SDG agenda.
UN Global Compact Strategy, 2021-2023.
- 17 Sustainable Development Goals with 169 targets.
- "92% of the 169 targets are linked to international human rights instruments." UNDP Global Policy Network Brief, January 2024.
Our company supports the 17 Sustainable Development Goals (169 targets) adopted by the Member States of the United Nations in September 2015, which are aimed to be achieved by 2030.
Value creation
Based on various literature reviews, sustainability creates value in 6 ways as follows:
- ''Top-line growth - it helps tap new markets and expand existing ones, whilst attracting price premiums''
- ''Cost reductions - its execution can combat rising operating expenses and it encourages the development and implementation of lean structures and circularity, whilst lowering the cost of capital."
- ''Productivity uplift - it boosts employee morale and attracts and retains quality talent.''
- ''Regulatory relief - An external sustainability value proposition with a stronger corporate governance, regulatory, and compliance framework means more stakeholders' support.''
- ''Investment and asset optimization - it means better investment guidelines to ensure better investment returns due to an optimum allocation of capital.''
- It enhances trust in organisations thereby creating customer loyalty and retention.