Post by account_disabled on Feb 19, 2024 23:54:41 GMT -5
The SDG Reporting Action Platform leverages the Global Reporting Initiative (GRI) standards and the ten principles of the United Nations Global Compact. Over four years, it engaged 59 high-level business representatives from 23 countries in a peer-to-peer learning program to enable companies to define and improve their contribution to peer learning. Launched in March 2017 by the United Nations Global Compact and GRI, the action platform has delivered the following results: Thought Leadership : Practical guidance, tools and resources developed that enable companies to integrate the SDGs into their reporting process. Capacity building : Joint GRI, UN Global Compact and PwC training activities involving more than 1,000 professionals, as well as the launch of SDG reporting courses. Advocacy : A convening function that has fostered private sector commitment to revealing its impact on the SDGs, including positioning with politicians and investors. An analysis of 20 companies An analysis carried out by SustainAbility of a sample of 20 companies that participated in the Business Action Group, convened within the framework of the Action Platform, revealed: Focus on priorities : 50% of companies surveyed provided a targeted approach against a specific set of SDGs.
Setting SDG-related goals : Although 60% of companies surveyed have business goals linked to them, more steps need to be taken to increase alignment with specific SDG goals. Business strategy integration : 40% of companies Europe Cell Phone Number List surveyed now specify SDG actions in relation to their core business and 25% make direct links to their business strategy. These findings come as the global landscape for SDG reporting continues to develop. New research from KPMG found that, of 5,200 leading companies in 52 countries, SDG-related reporting has increased from just 39% in 2017 to 69% in 2020. For his part, Peter Paul van de Wiijs, Head of External Affairs at GRI, said: The increasingly important role of the private sector in achieving progress towards the SDGs cannot be underestimated. Our partnership with the United Nations Global Compact has helped companies increase understanding of their commercial importance, as they assess and articulate their impacts and contributions. The next steps should focus on how we can achieve greater collaboration at all levels, to deepen the alignment between business practices and the SDGs, as enhanced by reporting.
GRI will continue to work closely with all stakeholders to support this goal. Peter Paul van de Wiijs, Head of External Affairs at GRI. While Sanda Ojiambo, CEO and Executive Director of the United Nations Global Compact stated: Measurement, evaluation, transparency and accountability are integral parts of the 2030 Agenda for Sustainable Development. In partnership with the GRI, our Action Platform has developed new instruments for companies and promoted learning to improve integrating the SDGs into reporting processes. Building on the work of the Platform for Action, we will continue to strengthen transparency and accountability with a consistent approach to tracking progress, inspiring leadership and encouraging the setting of ambitious targets on the Ten Principles and the SDGs. Sanda Ojiambo, CEO and Executive Director of the United Nations Global Compact. Esther An, Director of Sustainability at City Developments Limited, which participated in the Action Platform, continued: Setting sustainability goals, tracking progress and reporting are critical to helping businesses be prepared for the climate, social, economic and regulatory challenges of the future. It is necessary to convince investors of the future strategy of companies' reporters with clear objectives and practices integrated into their businesses as well as the value chain. Rapid, clear and transparent disclosure of externally secured data will be the way forward for sustainability reporting.