SDGs & Business: snog, marry, avoid?
Yesterday I spent an enjoyable afternoon at Newcastle Business School at an event on the Sustainable Development Goals (SDGs) run by the Global Compact. I was on the panel for the discussion session, the lone person looking at the environmental sustainability side of things – the others were experts in business ethics.
This event was part of a roadshow launched because awareness of the SDGs in the UK has been found to be the lowest in Europe. The presumption then is that everybody needs to be aware of them, but as usual, I’m less concerned with how many people are aware of the goals; I’m more bothered that the right people are aware of the goals.
In the recent UK general election, all three major UK-wide parties made commitments to the SDGs in their manifestos. This is important as the goals are highly appropriate for all levels of Government. But beyond that, is it really realistic to expect someone running a coffee cart to be able to list all 17 goals (never mind the 169 targets) and explain how they are addressing each one? Clearly not.
At the event, I made the argument that every enterprise needs to pick the 5-7 issues which are most material to their business and prioritise those. After all, if you prioritise everything, you prioritise nothing. For this priority setting process, the SDGs and targets provide a useful checklist.
The SDGs can also be useful for a trans-national corporation to use the goals as a reality check, flag up risks and for sustainability reporting (at least one of my clients is using them for this purpose). For entrepreneurs, the SDGs are a useful guide to how the global economy may shift and where new business opportunities may arise.
So, in terms of my supercilious blog post title, my advice would be that business should not avoid the goals, nor try to marry their sustainability strategy to all 17. Pick the priorities and work on those – happy snogging!*
* ‘snog’ is British slang for a passionate kiss