Understanding Sustainability in the Business Context

Sustainability has become a buzzword in today’s socially conscious business world. As our breathing becomes more stifled with the increased toxins in the environment and we learn to come to terms with the detrimental effects of massive industrial growth and mass production; businesses have also had to review their mandates and include ‘sustainability’ ‘environment-friendly’ and ‘socially-responsible’ as key corporate values.

Many argue about the definition of sustainability and sustainable development. It is perhaps best defined by the following definition;

Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs.

~ Gro Harlem Brundtland, 1987- Prime Minister Norway and Chairman of the World Commission on Environment and Development

The Sustainable Development Goals (2015-2030) give a universal framework for organisations to align their work with social goals and create systems and evaluations based on successful outcomes that ensure success is not made at the cost of natural resources or adverse affects to the communities both locally and globally.

According to The United Nations Sustainable Development Goals: A Why, When and How Guide for Business (28 pages, PDF), businesses that align their core values with the SDGs are more likely to build trust, retain top talent, adapt successfully to policy changes, strengthen their value chains, and unlock new global markets than companies that do not. Businesses that are early SDG adopters also are more likely to be rewarded with improved reputations, future-proofed supply chains, and more robust growth, the report argues.

The report outlines a number of steps designed to help startups and large businesses craft an SDG approach that aligns with their priorities, engage internal and external stakeholders, set actionable time-bound goals, and incorporate their efforts into non-financial reporting.

“The UN’s Sustainable Development Goals are relatively new, and many business leaders are still trying to figure out what the goals mean for their companies,” said Stuart Burden, SVCF’s vice president of corporate responsibility. “In this practical guide, we hope to get business people talking about the SDGs and putting plans in place that catalyze real change. With the right tools, businesses can harness their capacity for innovation, strategic partnerships, and finance to play a key role in making the world a better place by 2030.”

EDUSERVE is a private consultancy service providing support to social enterprises, educational institutions and corporations in integrating the SDGs in their core objectives and development strategy. For details contact shaistakhan@eduservecommunity.org.

References:

New Report From Silicon Valley Community Foundation Helps Companies Align With the U.N.’s Sustainable Development Goals.” Silicon Valley Community Foundation Press Release 12/06/2017.

The United Nations Sustainable Development Goals: A Why, When and How Guide for Business.” Silicon Valley Community Foundation Report 12/06/2017.

Refugees – How do you look upon them?

June 20 is marked as the UN Day for Refugees. Most people are know about refugees but seldom do people know the full story. What people know is mostly fed to them by the media. We are led to believe that the world is now dealing with a refugee crisis, the fact is that Refugees and asylum seekers constitute roughly 10 per cent of all international migrants

There are an estimated 285 million international migrants who comprise of 3.4 percent of the world’s population. Half of these are women. Female migrants outnumber male migrants in the North, whereas male migrants outnumber female migrants in the South.

Half of this increase took place in countries of the developed regions (the “North”), while the other half took place in the developing regions (the “South”).

We need a shift in the way we see migrants,unfortunately the media mostly portrays them as destitute persons who are a burden on the local resources and social services. The fact is migrants make significant contributions to both their host and home countries. 48% of these migrants are women who send a higher percentage of their earnings back home.  However this positive growth is not reflected because of political reasons and penalising asylum policies,  Global goals targets include Protecting labour rights, Facilitate orderly, safe, regular and responsible migration and mobility of people, reduce costs of migrant remittances , End abuse, exploitation, trafficking

Migration is a powerful poverty reduction tool, which can contribute to the achievement of the SDGs

Labour migration can reduce poverty for migrants themselves, their families, and their origin and host countries.

Migrants and their families benefitfrom increased income and knowledge, which allows them to spend more on basic needs, access education and health services, and make investments – directly impacting SDG 1, SDG 3 and SDG 4.

For female migrants, increased economic resources can improve their autonomy and socioeconomicstatus, impacting SDG 5.

SDG targets related to migration

To reap the positive effects of migration we need to

SDG 8.8:Protectlabourrights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment.

 

10.7: Facilitate orderly, safe, regular and responsible migration and mobilityof people, including through the implementation of planned and well-managed migration policies. ……..Humanitarian visas

 

10.c: By 2030, reduceto less than 3% the transactioncosts of migrant remittancesand eliminate remittance corridors with costs higher than 5%.

 

SDG 16.2:End abuse,exploitation,traffickingand all forms of violence against and torture of children.

 

SDG 17.18:By 2020, enhance capacity building support to developing countries, including for Least Developed Countries (LCDs) and Small Island Developing States (SIDS)……………Support funding to UN agencies

 

Ref: https://www.odi.org/publications/10913-migration-and-2030-agenda-sustainable-development

 

What can we do to change the narrative?

A WordPress.com Website.

Up ↑