The May issue of CSj featured our article on Reporting on the UN Sustainable Development Goals (SDGs). Carrying the vision towards human well-being over the globe, the SDGs comes with set of 17 goals and 169 measurable targets covering a wide range of topics across the economic, social and environmental dimensions of sustainable development. We believe that aligning business strategies with SDGs opens up opportunities in improving ESG performance, reducing external costs and strengthening investor trust; and at the same time becoming part of the solution to some of the biggest global issues.
Although the 17 SDGs have a very broad scope, the specific targets are well-articulated and easy to comprehend. Engaging with aspects and KPIs that compatible with the HKEX ESG Reporting Guide can be a good way to start with. By following a five-step approach : 1) identifying impact areas, 2) prioritize focus areas, 3) goals and target-setting 4) planning and implementation, and 5) reporting on progress, businesses soon find themselves transforming towards more receptive mindsets and practices on sustainability, which is critical in making SDGs workable.
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