The Sustainable Development Goals (SDGs), which form the core of the new agenda, are an indivisible set of global priorities that incorporate economic, social and environmental aspects and recognize their inter-linkages in achieving sustainable development. Globally UN Foundation, SDG Fund, SDG Philanthropy Platform and many Public and private institutions are engaged to facilitate implementation of 17 Goals and 169 targets under SDG.
SDGs are as important to communities as it is to Governments and Businesses, if not more. SDG Foundation plans to work with the troika of Businesses, Governments and Civil Societies, to ensure that India achieves the SDGs by 2030.
I) Integrating the SDGs into Corporate Business Strategy –
Businesses are facing pressure for improved sustainability performance. This paradigm shift in the societal perception represents a risk as well as an opportunity. Companies can use the SDGs as an overarching framework, allowing them to capitalize on a range of benefits such as: Identifying future business opportunities; Enhancing the value of corporate sustainability; strengthening stakeholder relations and keeping the pace with policy developments; Stabilizing societies and markets for shared purpose.
Understanding how to integrate the SDGs into your business will be smart business strategy and will drive business success making a difference to their own bottom line and to the societies with which they interact. Inclusion of SDG into business strategies can help business with social license and provide a real opportunity for Corporate. SDG focused strategies can help meet society’s growing expectations and produce significant organizational value as well.
SDG-Foundation will work with corporate to capacitate them to understand how to strategize for changing world and create sustainable values.
Corporate social responsibility (CSR) is now a key business function, as is growing awareness of how private sector economic activity must be well-managed so as to ensure profitable sustainability. SDGs facilitates companies to change how to approach complex societal problems, and to break down silos between work of different actors and geographies, opening space and opportunities for new forms of collaboration around specific agendas or problems.
SDGs represent an opportunity to leverage both financial and non-financial assets, achieve greater scale, and increase impact of CSR work providing value for money spent by corporate.
SDG-Foundation will work with corporate CSR to connect its CSR work with global priorities. SDG focused strategies can help meet CSR objectives expectations and produce significant organizational value as well.
Policy coherence is critical to capitalize on synergies among SDGs and targets, by enabling different sectoral policies for diverse actions at the local, regional, and national levels. It is a policy tool for informed decision-making for managing potential trade-offs among economic, social and environmental policy objectives, for inter-generational impacts, as well as the role of different actors. SDGs are now focal point for governments to orient their policies to improve the lives of people.
It will also be useful for authorities to recognize and understand the changing environment and formulate policies that sustain businesses and communities together.
SDG-Foundation will work with authorities to sensitize them to understand the changes taking place and also to provide inputs on policies that will help define the new regulatory regime for sustainable societies.
IV) Integrating the SDGs into NGO activities –
Generally Civil Society organizations (CSOs) and Non-governmental organizations (NGOs) work around thematic areas which act as hubs of expertise on numerous issues (who continue doing business as usual) are facing a lot of difficulties due to not being able to match the changing societal expectations as well as shift in scenario including Climate change that pose risks for their work. NGOs can engage in different forms including building coalitions, democratizing debates, acting as watchdogs and leading the transformation of systems to make them more participatory. They can either align their own objectives with SDGs or work as critique with respect to specific goals/agendas.
Further, SDGs have become a powerful tool for aid givers, NGOs to ensure efficient delivery of their objectives. Both Aid givers and NGOs should be aware of how governments, inter-governmental agencies and civil society aim to prioritize and implement them. For NGOs and Aid giver, these changes represent an opportunity to leverage both financial and non-financial assets, achieve greater scale, and increase impact.
SDG-Foundation will work with communities, NGOs and public at large, to educate them on how to work towards sustainable development.
SDG-Foundation will support the 2030 Agenda for Sustainable Development, making it a way of life for country and communities