How to integrate the SDGs into your business strategy
If you have heard about the Sustainable Development Goals (SDGs) and the 2030 Agenda and want to know how to implement them in your company, read on!
What are the SDGs?
The Sustainable Development Goals are a set of 17 goals that define global priorities and aspirations for the year 2030.
The SDGs are a long-term planning tool for all countries to contribute to the sustainable development of the planet by addressing economic, social and environmental challenges. Governments around the world have defined these goals with the aim of ending poverty, protecting the planet and improving people’s lives and prospects through a common agenda.
The Sustainable Development Goals
Benefits of integrating the SDGs into the management of your company
As stated in the SDGs in the 2030 Agenda, companies are challenged to commit to playing an active role in caring for the environment and combating climate change. Efforts to promote initiatives that promote a positive impact on society bring numerous benefits:
- Reinforces employees’ commitment to the company.
- Attracts new stakeholders
- Offers new business opportunities
- Improves the reputation and external image of the organization
- Increases the profitability of the company and its investors.
- Reduces potential economic, social and environmental risks by adapting to legal requirements.
Steps to integrate them in your company
- Understand the SDGs: To ensure success in achieving the SDGs and, therefore, the development of a sustainable business model, it is important to familiarize yourself with the goals and understand the responsibility they entail.
- Define priorities: All 17 SDGs are not equally relevant to your company. Organizational priorities must be defined in order to analyze their contribution and impact on the company.
- Set targets: Targets must be specific, measurable and time-bound. To do so, you must:
- Identify KPIs that allow progress to be evaluated.
- Establish objectives based on the strategic priorities defined in the previous step.
- Integration: Sustainability objectives should be reflected in the vision, mission and objectives of the business. The role of senior management in communicating this organizational change is key to achieving the desired results.
- Report and communicate: A company’s contribution to achieving the SDGs involves a commitment that must be guaranteed by measuring and reporting the impact generated. Communicating progress generates an added value for the company that promotes greater commitment among the different stakeholders. To prepare this report, it is recommended to use internationally recognized standards such as GRI.
The reforestation projects carried out by CO2 Revolution comply with the characteristics established by the UN necessary for companies to report and communicate the achievement of the SDGs in their ESG strategy. Join our revolution and align your business objectives with the SDGs.