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Article

20 Sep 2017

Author:
Vaidehi Shah, Eco-Business (Singapore)

New report highlights UN Sustainable Development Goals-related risks for businesses, recommends solutions

"Why failure to achieve the SDGs is bad news for business", 19 Sep 2017

…Titled ‘Sustainable Development Goals for Business Diplomacy and Growth’ and released on Tuesday, the report by London-based strategic advisory firm Earth Security Group analysed datasets on metrics related to the United Nations’ Sustainable Development Goals (SDGs), to identify specific pressure points for business and society…

The report also recommended strategies for how businesses can offer solutions to environmental and social problems, while reducing their own vulnerability to risks arising from these pressures. 

Globally, some of the most pressing SDG-related risks for businesses include air and water pollution, unemployment, governance challenges…

As businesses work to adapt their practices in response to these societal trends, government policies will be key to transforming how the private sector works, noted the report. It is therefore essential for companies to work closely with governments to help policymakers understand the barriers they face in terms of scaling sustainable development, and the incentives that would help them make progress on the SDGs...

[Also refers to Canon, Fairphone, Intel, LG (part of LG Corp.), Nokia, Samsung, Texas Instruments]