Friday, January 22, 2021 | ePaper

Private business sector still away from reaching SDGs: UN report

  • Print
UNB, Dhaka :
A recent United Nations report on the private business sector shows that the majority of companies are not doing enough to help bring about the UN's 2030 Agenda for Sustainable Development Goals (SDGs).
The progress on bringing about a sustainable future for people and the planet is patchy, the report said, which was released by the UN Global Compact.
Remi Erikson, who led the team that drafted the report, said "The scale and pace of change, to date, to deliver SDGs has not been big enough or fast enough."
The findings also show that just 39 percent of companies surveyed believe they have targets that are sufficiently ambitious to meet the SDGs by 2030, reports UN News.
Erikson stated that "Only 46 percent of businesses surveyed are embedding the SDGs in their core business."
"Less than a third of businesses believe their industry is moving fast enough to deliver the SDGs by 2030," he added. Erikson went on revealing the findings that "Incremental change by individual companies will not deliver the business contribution needed to reach the SDGs." "Companies and the systems they are part of are moving broadly in the same direction, but not in a concerted effort," said Erikson adding that achieving the needed change requires a
ramping up of ambition among all companies.
Although 93 percent of participants have embedded the Global Compact Ten Principles (on human rights, labour, environment and anti-corruption) into their policies, not enough is being done to put them into practice.
The research team leader Erikson said "Policy is not enough to drive change, and we see a marked gap between having policies in place and implementing measures to act on the Principles".
Until the majority of companies recognize the importance of sustainable development, they are not doing enough to significantly reduce their negative impact on the environment, Erikson added.
The science-based targets are considered by many sustainable development professionals as an important indicator of a company's willingness to reduce its carbon footprint and negative environmental impact.
The report also reveals that, when around a third of companies surveyed are developing a science-based carbon reduction target, only 15 percent have set one.
Despite the slow progress, and the economic fallout from the Covid-19 pandemic, there is hope in the post-pandemic period and 'new normal' will be an improvement, in terms of building a better future for all.
"I'm slightly more optimistic about the future now than I was two months ago as I have seen how businesses used their experience, creativity and determination to find ways to serve their customers and create new solutions to operate in an unprecedented environment," Erikson said.
The protest events from school children, about the lack of actions on the climate have rocked the world and most recently economic meltdown has been caused by the pandemic.
"Now they underline that the SGDs are not just ideals to aspire to, but fundamentals in creating a just society, with equal opportunity for all on a planet that is habitable," said Erikson.
Responding to the report, Lise Kingo, the former head of the UN Global Compact, emphasized the importance of a step-change in action.
"The change we need to see in the Decade of Action will not happen through incremental improvements and adjustments to 'business-as-usual,' Kingo said.
He stated that "Now is the time for CEOs to speak up and ensure all companies fully integrate the Ten Principles and raise their SDGs ambition to meet the needs of society and the planet."

More News For this Category

Report in rape abetment case against Nur February 8

BSS :A Dhaka court on Thursday set February 8 to submit report in a case against six including Dhaka University Central Students' Union (DUCSU) former vice-president (VP) Nurul Haque

Reform of tobacco control act suggested

Staff Reporter :Speakers at a view exchange meeting said that although significant progress has been made in tobacco controling in Bangladesh, in some cases progress has not been as

5 dead in fire at Serum Institute of India

5 dead in fire at Serum Institute of India

NDTV :A fire broke out on Thursday at the Serum Institute of India in Pune at a facility, which is under construction.A fire broke out on Thursday at the

Workers unload a pickup van that carries Oxford-AstraZeneca Covid-19 vaccines which arrived from India as a gift to Bangladesh, in Dhaka, Bangladesh on Thursday.

Workers unload a pickup van that carries Oxford-AstraZeneca Covid-19 vaccines which arrived from India as a gift to Bangladesh, in Dhaka, Bangladesh on Thursday.

China imposes sanctions on Pompeo, among 28 US citizens

AFP :China on Thursday congratulated President Joe Biden on his inauguration and called for a reset in relations between Beijing and Washington, as the new administration brought an end

FM says Purbachal may have a diplomatic zone

UNB, Dhaka :Foreign Minister AK Abdul Momen on Thursday said it may be necessary to set up a diplomatic zone in Purbachal due to land crisis in Gulshan and

UK refuses to grant EU diplomats full status, sparking row

Reuters :The EU has 143 delegations, equivalent to diplomatic missions, around the world. All of them have been granted full diplomatic status by the host countries.Britain is refusing to

Hasina greets Joe Biden

UNB :Prime Minister Sheikh Hasina has congratulated Joe Biden, the 46th president of the US.Foreign Minister Dr AK Abdul Momen termed Biden's win as a victory for democracy.Talking to

Bangladesh welcome US return to the Paris climate accord

UNB, Dhaka :Bangladesh has welcomed US President Joe Biden's decision to rejoin the 2015 Paris agreement.The new administration is likely to pursue a more ambitious environmental agenda, including global

One held for assaulting police in Rajshahi

Our Correspondent :Police arrested a man on charge of assaulting a traffic police sergeant in Rajshahi.Belal Hossain was arrested from Natore early on Thursday reported our correspondent.In a joint