OCEAN MATERIAL | AUG 18TH 2022 | 3 MINS
Business Reporting on the SDGs: An Analysis of the Goals and Targets
It’s becoming widely accepted that business has a critical role to play in the achievement of the Sustainable Development Goals (SDGs). At the same time, there is increasing pressure on business leaders to provide information on a much broader basis to multiple stakeholders – such as investors, employees, customers and suppliers. Changing dynamics in these stakeholder relationships and a need to build and maintain trust, has put increased transparency high on the priority list for business leaders. Demonstrating the wider impact of a business’ operations is no longer optional for leading businesses.
The Global Goals give us a globally agreed set of targets to address the world’s most pressing social, environmental and economic challenges and can be used to provide the perfect framework for business to report on their impact and contribution to society. But there’s a need for a consistent approach in how business is reporting this contribution. This will allow companies to be transparent about their operations, enable investors to make informed decisions and give governments an understanding of how business is contributing to the goals in their country.
That’s why we’re supporting the UN Global Compact, the world’s largest corporate sustainability initiative, and GRI, the world’s leading organisation for sustainability reporting, to create a mechanism to help businesses prioritise and report on the SDGs.
A fully updated edition of the 2022 Business Reporting on the SDGs: An Analysis of the Goals and Targets, from Global Reporting Initiative (GRI) and the United Nations Global Compact, is now freely available.