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Private Sector Companies Must Lead, Adapt To Help International Community Achieve SDGs

Devex: One year in, how the SDGs are taking shape
Paloma Duran, director of the Sustainable Development Goals Fund

“…Measuring and financing the 230 indicators and 169 targets behind the [Sustainable Development Goals (SDGs)] may be daunting, but at the same time the goals seem to offer something for everyone. By breaking down the 17 goals to meet the needs of each [private sector] company, the SDGs can be firmly adapted to showcase clear and meaningful targets and plans. What’s needed now is to allow for companies to build on their own internal systems of management, key performance indicators, and methodologies. Smart companies also see the benefit in building stronger community relations, fostering employee engagement, and continuous learning. … In the next 14 years, with this growing energy from the private sector, it is not only what companies do, but what companies don’t do linked to the SDGs that will be critical. … Companies know they must adapt and take the lead in embedding the SDGs in their firm’s missions, but local and national partners can help design solutions together” (10/7).