In an interesting article posted on DREW’s blog we offer some key ideas on the SDGs and private companies.
The SDGs are a guide, a roadmap to help companies operating in the private sector determine whether their social, economic and environmental impact contributes something of value to society, thereby helping them strengthen their reputation and their relationship with various interest groups.
There are 4 key pillars for companies in terms of getting involved in the SDGs:
- The risk of inaction: not doing anything can prove costly;
- The possibility of tapping into new opportunities: the advantages of aligning your business strategy with the SDGs;
- The importance of Transparency and Governance: the better informed you are, the better decisions you will make;
- Mutual collaboration: accepting that the SDG agenda cannot be achieved by any one company alone.
