Sustainable Development Goals (SDGs) – challenges for family businesses


According to the KPMG Survey of Corporate Responsibility Reporting 2017, 4 out of 10 sustainability reports that are produced globally refer to the Sustainable Development Goals (SDGs). 39% of the N100 (top companies in each country) and 43% of the G250 (top companies globally) combine their CSR activities with the SDGs. The trend has developed within a very short period of time and it can be expected that the SDGs will play an increasingly important role in the reporting, corporate management and capital investment in the coming years. The Corona crisis has accelerated this development, the Green New Deal of the European Union anyway.

What is SDG?

The “2030 Agenda for Sustainable Development” was adopted at a UN summit in September 2015. It is intended to contribute to raising the standard of economic, ecological and social sustainability. All 193 member states of the United Nations committed to implementation at regional, national and international levels.

In this agenda, 17 goals for sustainable development were recorded – the 17 Sustainable Development Goals (SDGs), which we would like to introduce to you here: Transformation unserer Welt: die Agenda 2030 für nachhaltige Entwicklung

 

Challenges for family businesses

There are mutual dependencies between the individual goals. Problems sometimes have to be solved at the same time or the solution of a problem can also contribute to the achievement of several goals or vice versa impair the achievement of another goal.

Both the individual countries and international forces are responsible for the implementation of the goals. State actors are just as involved as business actors and other players, and the private sector in particular is specifically encouraged to make a contribution:

“Private sector activity, investment and innovation are important drivers of productivity, inclusive economic growth and job creation. We recognize the diversity of the private sector, from small businesses to cooperatives, from family businesses to multinational companies. We encourage all companies to use their creativity and innovative strength to solve the challenges in the area of ​​sustainable development. ” (//www.un.org/Depts/german/gv-70/band1/ar70001.pdf, Point 67).

For further definitions of SDG: https://sustainabledevelopment.un.org/?menu=1300

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