The report Business and the Sustainable Development Goals: Best Practices to Seize Opportunities and Maximise Credibility highlights the business advantage of ambitious strategies for contributing to the achievement of the Sustainable Development Goals (SDGs), including customer trust and loyalty, lower costs from more efficient resource use, reduced risk, and long-term value in new markets.
The report also examines common challenges and pitfalls that businesses face to delivering credible, meaningful contributions toward the SDGs, including internally-driven target setting, inconsistent reporting methods and indicators, assessing inputs/outputs rather than outcomes/impact, reframing communications while maintaining business as usual, and leaving negatives and trade-offs out of the picture.
Finally, the report offers a clear, actionable set of good practices to inform business strategies moving forward, including commitment to comprehensive quantification of impacts and target setting, making good use of third party verification and certification, embedding SDG quantification and reporting into your internal decision-making processes.
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