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CSR and United Nation's Sustainable Development
Goals: Reconnecting businesses with society
What are SDGs?
Why do SDGs matter for business?
Approach to be followed
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In this presentation
Sustainable Developments Goals are a set of 17 ambitious goals with a total of 169 specific targets to be achieved by 2030, set up by United Nations Development Program (UNDP).
What are SDGs?
Why do SDG matter?
The business benefits for companies
SDGs and Businesses
SDGs present an opportunity for
companies to help advance sustainable
development
By integrating sustainability across the value chain, SDGs
help companies strengthen their economic performance through
resource efficiency, and switching to sustainable
alternatives
SDGs can help connect business
strategies with global priorities
Investing in SDGs helps stabilize
societies and markets through proper
governance.SDGs can strengthen stakeholder relations and helps to keep in
pace with policy developments
SDGs bring a synergy between partners to address the world’s
urgent societal challenges
SDGs help companies minimize negative impacts
and maximize positive impacts on the people and
the planet
SDGs helps in the identification of future
business opportunities. They also deliver
innovative solutions and transformative change
What are SDGs?
Understand the 17 SDG goals and their actionable targets.
Understanding the business case of SDGs
Understand the growth opportunities and ability to lower risk profiles with SDGs.
Baseline responsibilities of companies
Regardless of size, sector and location, companies need to comply with all relevant legislation.
Map value chain to identify impact areas
Map SDGs against entire value chain as the starting point for assessingimpact and defining priorities.
Select indicators and collect data
Identify one or more indicators for each area of potential high impact and use existing business systems and processes for data collection.
Define priorities
Identify priorities across the SDGs.
Define scope of goals and select KPIs
Define scope based on priorities and choose commonly used indicators as the KPIswherever possible.
Define baseline and select goal type
Define baseline for each goal and choose between absolute or relative goals.
Set level of ambition
Consult with all stakeholders for guidance.
Announce commitment to SDGs
Anchoring sustainability goals within business
Lead given by CEO and top management can enable business integration of sustainability goals.
Embed sustainability across all functions
Cross –functional sustainability teams are key to embedding sustainability in business strategy.
Engage in partnerships
Explore value-chain, sector and multi-stakeholder partnerships to address sustainability issues.
Effective reporting and communication
Use internationally-recognized standards for sustainability reporting such as GRI, CDP, UNGP Reporting, CDSB framework among others (comprehensive list is available at SDG Compass website)
Communicating on SDG performance
Discuss performance in the context of the expectations setby the SDGs, and also align disclosures with thelanguage of the SDGs to ensure a common dialogueamong stakeholders.
Understanding the SDGs
Defining priorities Setting goals
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Reporting & CommunicationIntegrating
What should be the approach?
How do you align SDG with your strategy?
Sustainable Development Goals- Kuwait
Source: SDG Index- UN Sustainable Development Solutions Network
On track Significant challenges in achieving the goals
Acute challenges in achieving the goals
Information not available
Kuwait ranked 100 out of 149 countries in Sustainable Development Goal (SDG) index
Kuwait (Rank 100)
How are you performing?
Oman (Rank 74)
Saudi Arabia (Rank 85)
Qatar (Rank 49)
Source:http://www.sdgindex.org/
Preliminary results
Source: SDG Index- UN Sustainable Development Solutions Network
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice.
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Bedanga Bordoloi Kuwait Country ManagerClimate Change & Sustainability ServicesEmail: bedanga.bordoloi@kw.ey.com Tel: :+965 99281932
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