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The United Nations formally adopted what it calls its “2030 Agenda for Sustainable Development” in 2015. The UN invited corporations and companies of all sizes to join its member states in a collaborative effort based on, in its own words, “a shared blueprint for peace and prosperity for people and the planet, now and into the future.”
But what are the UN’s Sustainable Development Goals? There are 17 of them in total:
When a company actively works toward helping the UN achieve its Sustainable Development Goals, it promotes policies, best practices and solutions that solve problems that otherwise limit the company’s growth and increases risk.
For example, companies need skilled and competent employees, yet there are 250 million children and young adults worldwide not learning needed skills. And nearly 50% of children lack access to school. By getting involved with the UN’s efforts, your company can foster a skilled and highly educated workforce, improve your hiring pool and increase productivity with healthier, more efficient people.
Companies also face elevated risk from political uncertainly and environment stress. Specifically, climate change puts $2.2 trillion in economic output at risk.1 In other words, by supporting the UN’s Sustainable Development Goals, your company can help us all better manage the scarce natural resources, mitigate environmental disasters, overcome weak financial markets, and eliminate the social inequality that negatively impact profit and people alike.
As a UN Business and Sustainable Development Commission Report stated, “Addressing social inequality and environmental stress will reduce political uncertainty, lowering business risks and multiplying return on investment.” Here are six actions you can take to do just that:
Achieving the Sustainable Development Goals can create at least $12 trillion in opportunities for businesses and people.2 You can capitalize on some of this opportunity by committing to Corporate Social Responsibility (CSR) and adhering to Environmental, Social and Governance (ESG) factors. These are programs that are used to evaluate and share how aligned you are with relevant goals and how effective you are at driving positive change. These programs in turn can make you more attractive to both consumers and investors, meaning you can maintain or improve your profitability while addressing some of the world’s most pressing social and environmental concerns. And that’s because CSR and ESG programs provide transparency.
The best CSR and ESG programs are built on reliable insights into customers, suppliers and other third parties that interact with a business internally and externally. That’s because good profit comes from making the right strategic decisions regarding sustainability and ESG factors. Our due diligence and risk monitoring solutions provide datasets from an unmatched collection of sources and come with the functionality you need to get a better handle on the relationships that can impact your CSR audit and ESG score—for better or worse.
Learn more here about how you can support the UN’s Sustainability Development Goals and how our solutions can help you make a positive impact while still pursuing profit.