Today’s business leaders who operate sustainably are those that incorporate social, environmental, economic and ethical factors into their core business strategies. They also understand that the sustainability agenda requires working collaboratively with all stakeholders—from suppliers and customers to employees, shareholders and governments.
In our largest analysis of published reporting on the United Nations’ Sustainable Development Goals (SDGs) to date, we explored over 1,000 company reports to find out how businesses are engaging with the SDGs.
The results suggest that, while there is a general acknowledgement of the importance of the goals, there is room for more concrete action to take place in support of the SDGs if the SDGs are to be achieved by 2030.
In December 2015, the Financial Stability Boards (FSB) established an international group called the Task Force on Climate-related Financial Disclosures (TCFD), whose mission is to create recommendations and frameworks for disclosing climate-change-related financial information. This increase in transparency has in turn increased market efficiency and made economies more stable and resilient.