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Article

15 Feb 2017

Author:
Ethical Corporation

Experts from Johnson & Johnson, ING & Walgreens Boots Alliance advise on how to integrate UN Sustainable Development Goals into business strategy

"Business strategy integral to SDG success", Jan 2017

...The Sustainable Development Goals (SDGs) are a 15-year roadmap to building a more sustainable future via 17 ambitions, ranging from ending poverty to tackling climate change and building strong institutions to bring about peace and justice.  If they are to be met, business will have to play a major role.  “Achieving the SDGs requires the partnership of governments, private sector, civil society and citizens alike to make sure we leave a better planet for future generations,” the United Nations Development Programme (UNDP) says...So how can companies go about integrating the SDGs into their own business operations?  The first step is to choose your battles, said Frank Welvaert, managing director of the Johnson & Johnson Trust...However, changing the way companies operate to have more of a focus on circular economy, has serious implications for issues such as cash flow, contracts and inventory...[A]ligning your SDG aims with your core activities is crucial to making your SDG commitments a success...Another common feature of efforts to address the SDGs is a recognition that no single company can solve any of these problems on their own and that collaboration is vital, both within sectors and across different industries...