Check out the WBCSD guidelines which provide a structured framework and approach that companies can follow for SDG sector road-mapping
A Starting Point
We talk about starting point often in these pages. Sustainability and sustainable development are big ideas, so big that it is very tough to know where to start. The good news is that the World Business Council for Sustainable Development (WBCSD) has created industry/sector specific frameworks that provide guidance from companies that have mapped business opportunities against the UN Sustainable Development Goals (SDG). The WBCSD estimates that $12 trillion in market value could be unlocked by 2030 with the implementation of the SDG. This increase is accompanied by 380 million jobs.
Some sectors like the mining and oil & gas sectors have already done their homework. The International Council on Mining and Metals (ICMM) took action once the UN announced agreement on the goals. The ICMM realized that the UN goals overlap in their own 10 sustainable development principles and mapped them. This atlas created by multiple participants including The UN Development Program, the World Economic Forum and Columbia Center on Sustainable Investment identifies specific starting points, goals and relevant actions for the companies in the sector.
The Oil and Gas sector released their sector atlas last year. The collaboration between the Global Oil and Gas Industry Association for Environmental and Social Issues (IPIECA), the World Bank and the UNDP offers a broad overview of opportunities and challenges; examples of good practice and resources. These atlases take some of the guess work out of approaches to incorporating the SDGs into business planning.
Data, data, data
We’ve highlighted the importance of being able to access the right information to make data driven decisions. Whether company or sector specific, industries must begin to take an appropriate measurement, in comparable formats (quantitative, qualitative or monetary) to facilitate progress. One of the largest stumbling blocks we’ve seen is the lack of maturity of the information value chain. Digital transformation in many sectors will go a long way to addressing this issue.
If your company is ready to adopt an SDG framework, evolve a sustainability strategy or is ready to embark on digital transformation, we’re here to help.
Read the full article here: www.wbcsd.org