Business sector still far from reaching sustainability goals, UN report shows
A new UN report on tbe private sector, released by UN Global Compact, shows that progress on bringing about a sustainable future for people and the planet is patchy, and the majority of companies involved in the Compact, are not doing enough to help bring about the UN’s 2030 Agenda for Sustainable Development.
“The scale and pace of change, to date, to deliver SDGs has not been big enough or fast enough”, said Remi Erikson, who led the team that drafted the report, Uniting Business in the Decade of Action, which shows that just 39 per cent of companies surveyed believe they have targets that are sufficiently ambitious to meet the Sustainable Development Goals by 2030.
The scale and pace of change, to date, to deliver SDGs has not been big enough or fast enough Remi Erikson, CEO, DNV GL
“Only 46% of businesses surveyed are embedding the SDGs in their core business”, said Mr. Erikson, the CEO of risk management company, and Global Compact participant, DNV GL. “less than a third of businesses believe their industry is moving fast enough to deliver the SDGs by 2030”.
“Incremental change by individual companies will not deliver the business contribution needed to reach the Sustainable Development Goals (SDGs)”, said Mr. Erikson. “Companies and the systems they are part of are moving broadly in the same direction, but not in a concerted effort. Achieving the needed change requires a ramping up of ambition among all companies, whether they operate within the energy, healthcare, food, finance, transport or other systems.
Policy is not enough
Mr. Erikson told UN News that, although 93 per cent of participants have embedded the Global Compact Ten Principles (on human rights, labour, environment and anti-corruption) into their policies, not enough is being done to put them into practice. “Policy is not enough to drive change, and we see a marked gap between having policies in place and implementing measures to act on the Principles”.
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