Harvard’s Eccles on the UN SDGs – They Are “Good for Business”
SustainabilityHQ Highlights (October 29, 2015)
Harvard’s Eccles on the UN SDGs – They Are “Good for Business”
After months of study, deliberation and negotiation, members of the United Nations task force charged with establishing “Sustainable Development Goals” can take a bow -- all 193 member nations have signed on to the goals, which address a wide range of ESG issues, such as solving hunger and poverty issues, addressing inequalities, dealing with climate change issues, creating more “sustainable cities,” and encouraging “more responsible” consumption.
There are 17 goals in total, and large—cap company managers we are speaking with in North America and Europe describe how their enterprises are now at work adopting goals and applying these to their long-term planning and target setting. Companies are structuring programs and actions around the goals. The actions/programs usually relate to the mission of the company. A handful of companies that we’ve chatted with are attempting to address all 17 goals.
Are these companies unusual? Should corporate boards and managements be wary of the UN setting goals that affect their business prospects? Do senior managers view this as the UN interfering with the ability to create value for shareholders?