UN Global Compact launches new initiative to spur decade of private sector progress towards the SDGs

clock • 2 min read

SDG Ambition will be led by the UN Global Compact Local Networks, bringing together more than a 1,000 firms across 40 countries to drive progress towards the global goals

UN Secretary-General Antonio Guterres yesterday launched a new initiative designed to help the world's corporations put their weight behind efforts to achieve the 17 UN Sustainable Development Goals (SDGs) by the 2030 deadline.

SDG Ambition is the latest programme from the UN Global Compact, a UN body working with businesses around the world to help them align their activities with the SDGs. Aiming to drive progress through the goals' last decade, the initiative is to provide organisations with a management framework to help them incorporate the SDGs into their normal business operations.

It will also provide guidance on how they can measure and manage their performance against a range of targets set by the SDGs.

"The global business community is not moving at the speed or scale needed to deliver the Sustainable Development Goals," said Lise Kingo, CEO and Executive Director of the UN Global Compact."The Goals will not become a reality without greater ambition as well as deeper integration within companies everywhere. We hope that SDG Ambition will establish a new normal for the global business community that is both bolder and more strategic in efforts to achieve the world we want."

The initiative's launch is being supported by multinationals SAP and Accenture, which will work to "mobilize industry around SDG Ambition and scale impact for the 17 Sustainable Development Goals," according to SAP CEO Jennifer Morgan.

"By inspiring our global ecosystems and bringing together our respective areas of expertise, we can empower businesses around the world to use ‘technology for good' and provide the necessary tools to accelerate achieving the world's 2030 Agenda for Sustainable Development," Morgan added.

Implementation of the programme will be led by the UN Global Compact Local Networks. Located in more than 60 countries, the networks will enable SDG Ambition to engage with more than 1,000 companies operating in diverse industries across 40 countries, helping the firms focus their sustainability efforts on high-impact strategies and business models, the group said.

Launched in 2000, the UN Global Compact supports the global business community in advancing UN goals and values through responsible corporate practices. With over 10,000 companies and 3,000 non-business signatories based in more than 160 countries, it is the world's largest corporate sustainability initiative.

The UN Sustainable Development Goals were adopted by UN Member states in 2015 as part of the 2030 Agenda for Sustainable Development. They aim to provide a blueprint for progress against a broad range of benchmarks, divided into 17 goals, such as SDG1 on tackling poverty, SDG5 on gender equality, and SD13 on climate action.

More on Management

California Gov. Gavin Newsom addresses a question from David Gelles of The New York Times during Climate Week NYC / Credit: Heather Clancy/GreenBiz

What's top of mind for the most influential people in climate?

As private and public sector leaders met at Climate Week NYC to talk about the climate crisis, three ways sustainability professionals can take immediate action emerged

Heather Clancy, GreenBiz.com
clock 29 September 2023 • 7 min read
Pensions regulator issues first-ever climate reporting fine to ExxonMobil Pension Plan

Pensions regulator issues first-ever climate reporting fine to ExxonMobil Pension Plan

ExxonMobil Pension Plan fined £5,000 for failing to meet TCFD reporting requirements

Jasmine Urquhart
clock 29 September 2023 • 1 min read
Credit: Evri

Nancy Hobhouse: 'Sustainability teams aren't effective in silos'

Evri's head of ESG discusses the impact AI can have on accelerating sustainability initiatives and the value of translating 'green' jargon into everyday language

Stuart Stone
clock 26 September 2023 • 5 min read