Podcast
Questions and Answers
What is one of the ways the SDGs can enhance the value of corporate sustainability?
What is one of the ways the SDGs can enhance the value of corporate sustainability?
- By internalising externalities and promoting efficient resource use (correct)
- By weakening stakeholder relations
- By creating a competitive disadvantage
- By slowing down policy developments
Why is it important for companies to align their priorities with the SDGs?
Why is it important for companies to align their priorities with the SDGs?
- To enhance their brand reputation
- To reduce their environmental footprint
- To strengthen engagement with stakeholders (correct)
- To avoid international legal risks
What is the relationship between business success and society?
What is the relationship between business success and society?
- Business can succeed in failing societies
- Business is unrelated to societal conditions
- Business can succeed regardless of societal conditions
- Business cannot succeed in societies that fail (correct)
What is a benefit of using the SDGs as a common framework?
What is a benefit of using the SDGs as a common framework?
What is a result of companies not aligning their priorities with the SDGs?
What is a result of companies not aligning their priorities with the SDGs?
What is a way that investing in the achievement of the SDGs supports business success?
What is a way that investing in the achievement of the SDGs supports business success?
What is the primary goal of the Sustainable Development Goals (SDGs)?
What is the primary goal of the Sustainable Development Goals (SDGs)?
What is unique about the SDGs compared to the Millennium Development Goals?
What is unique about the SDGs compared to the Millennium Development Goals?
What is the role of business in achieving the SDGs?
What is the role of business in achieving the SDGs?
What do the SDGs cover?
What do the SDGs cover?
What can companies use the SDGs for?
What can companies use the SDGs for?
What do the SDGs aim to do to global public and private investment flows?
What do the SDGs aim to do to global public and private investment flows?
What can companies capitalize on by using the SDGs?
What can companies capitalize on by using the SDGs?
What do the SDGs define?
What do the SDGs define?
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Study Notes
Sustainable Development Goals (SDGs)
- Define global sustainable development priorities and aspirations for 2030
- Seek to mobilize global efforts around a common set of goals and targets
- Aim to end poverty and create a life of dignity and opportunity for all within the planet's boundaries
Role of Businesses
- Explicitly call on all businesses to apply their creativity and innovation to solving sustainable development challenges
- Present an opportunity for business-led solutions and technologies to address the world's biggest sustainable development challenges
Benefits of SDGs for Businesses
- Help companies identify future business opportunities and growing markets
- Enhance the value of corporate sustainability by strengthening economic incentives for companies to use resources more efficiently
- Strengthen stakeholder relations and keep pace with policy developments
- Stabilize societies and markets by supporting pillars of business success, such as rules-based markets and transparent financial systems
- Provide a common language and shared purpose for companies to communicate consistently and effectively with stakeholders about their impact and performance
SDGs and Global Priorities
- Cover a wide spectrum of sustainable development topics relevant to companies, including poverty, health, education, climate change, and environmental degradation
- Allow leading companies to demonstrate how their business helps advance sustainable development by minimizing negative impacts and maximizing positive impacts on people and the planet
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