The Sustainable Development Goals (SDGs), adopted by the global community as part of the UN’s 2030 Agenda for Sustainable Development, are a total of 17 Sustainable Development Goals. Underlying these goals are 169 SDG targets and an even greater number of key performance indicators.
The SDGs are being embraced around the world by the corporate sector, the investment community, the social community, governments and by other key stakeholders.
As investors, governments and other stakeholders around the world start to measure their own progress on the SDGs, the leaders are looking for ways to collaborate and partner with the private sector to help in reaching their stated goals. Among the benefits of collaboration on SDGs are more favorable regulatory terms, business-friendly policies, and other competitive advantages for companies that align with these global goals. Hence, corporate leaders are adopting select goals relevant to their business / mission and structuring programs and actions around the SDGs.
Conduct the materiality assessment analysis following best practices on assessment planning, preparing questionnaire, survey management, analysis and presentation
SDG - Material Issues Linking
Engage with the internal and external experts, stakeholders and consultants to identify linkages between the material topics and SDG goals impact alignment.
Aligning sustainability initiatives with SDG goals
It’s important to recognize that all SDGs may not be relevant to every business, and where there are relevant SDGs, not every underlying SDG target will be relevant to the business and its stakeholders.
The strategic decision to be made by each company is to determine what really matters to their business and stakeholders, and map their existing sustainability initiatives to the most strategic SDG targets, engage to build stronger relationships with the important stakeholders around the goals, and identify opportunities and strategies to take advantage of this global effort leading to 2030.
In order to communicate sustainability initiatives effectively, reporting companies can make their sustainability data more traceable and useable by making the link to the SDGs clear.
SDG Mapping helps companies align themselves more effectively with other agencies along individual SDG dimensions, while at the same time get more trust in their reporting from the internal and external stakeholders.
GRI will confirm that the SDGs are correctly mapped against the GRI and that these disclosures are easily traceable in the report. A document including mapping of SDGs against the GRI disclosure is available on the GRI website, for the GRI Standards.