More Companies Align Business Strategy with UN SDGs
(3BL Media/Justmeans) – The last goal in the list of 17 UN Sustainable Development Goals (SDGs) for 2030 refers to creating "Partnerships for Sustainable Development." This 17th goal is meant to help in the achievement of the other 16 goals. Therefore, a company committed to aligning its business strategy with the SDGs must recognize the value of this critical 17th goal.
Some multinational companies are already leveraging the power of global partnerships to help promote a sustainable planet while improving their bottom-line. These companies are creating a strong impact and tapping into global growth opportunities at a rapid pace. Leading the pack is Unilever and its CEO Paul Polman, a U.N. SDG sustainable ambassador.
Polman describes the company as a "place of purpose." Much of the company's 'purposeful' activity is performed in collaboration with organizations outside the company. To cite three very recent examples, Unilever has partnered with a consultancy called 2degrees to achieve zero-waste in its supply chain; International Flavors & Fragrances Inc. to enhance the livelihoods of Haitian smallholder farmers; and the environmental charity Hubbub Foundation, and food waste specialist Wrap, to help cut food waste in the UK.
Gap’s Senior VP of Social Responsibility, Dan Henkle, says that there was a time when the company had 3,500 factories and thousands of vendors, but fewer partnerships. By consolidating its supplier base, Gap has increased leverage and the ability to share knowledge and conduct more thorough monitoring.
Starbucks contributes to economic development by hiring locally and sourcing local products. The company has partnered with YouthBuild USA, an NGO that helps low-income youth gain the skills they need for employment, and the Shultz Family Foundation, to create a career development program for at-risk youth.
Barclays (BCS) partners with local NGOs with a better understanding of the needs of customers, including rural farmers, in its inclusive business activities. Essilor relies on a partner network to implement its inclusive business initiatives at scale. 1-800-PublicRelations is working with PVBLIC, #oneforall, UNCTAD and various UNDP departments to drive viability and media coverage to further public-private partnerships.
Source: Huffington Post
Image Credit: 3BL Media