With only 6% of companies measuring their contributions to key Sustainable Development Goals, according to the WBCSD, more work is needed to translate increased intention this year into real action, reports Claire Manuel
The Sustainable Development Goals were referenced in nearly four-fifth of company reports this year, with almost 45% of companies aligned their strategies with specific SDGs, according to the World Business Council for Sustainable Development.
These were the finding of the WBCSD’s fifth annual Reporting Matters publication last month, which analysed 157 company reports. “Since 2015, we’ve seen a promising uptick in companies’ interest and willingness to discuss the SDGs,” says Peter Bakker, president of the WBCSD. “We see this as a positive step forward.”
In April, the preliminary SDG Commitment Report 100 released by the UN Global Sustainability Index Initiative (UNGSII), found that 82% of 100 blue chips professed commitment to the SDGs in their annual reports. Unsurprisingly, size was a factor, with 86% of the largest companies showing commitment to the goals. Interestingly, 97% of European companies demonstrated a commitment to the SDGs, compared to 66% of North American firms.
Ethical Corporation’s own Responsible Business Trends 2017 report, issued in May, surveyed almost 2,500 professionals, and found that 60% said their organisation was already integrating the SDGs into business strategy (compared to 46% the year before).