The United Nations Sustainable Development Goals (SDGs), are a set of 17 interconnected and ambitious goals adopted by all United Nations Member States in September 2015 as part of the 2030 Agenda for Sustainable Development. These goals aim to address a wide range of global challenges and create a more sustainable and equitable world by the year 2030. The SDGs are designed to balance the three dimensions of sustainable development: economic, social, and environmental.
There is a deficit of understanding of the SDGs among businesses. As a result, many businesses are unaware of how they may contribute to the Goals or what benefits they can derive from doing so. Moreover, there is a lack of clear directions on how corporations may put the SDGs into action, all the while with 18,2 million South Africans said to be living in extreme poverty.
Environmental, Social and Governance (ESG) imperatives have become fundamental to how businesses make investment decisions and in 2021 flows into ESG investments reached a pinnacle when the market saw an estimated $120bn flow to sustainable investments. By effectively including and implementing ESG in business strategy, South African business can become…