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28 Jan 2019

FIANT Consulting & 3bility Consulting

Finland: New study on companies' progress in integrating SDGs into their business & sustainability strategies

'No time to waste', Jan 2019

[…] This study analyses how companies in Finland are making progress in the integration of SDGs into their business and sustainability strategies.

The study covered the 120 largest companies in Finland based on the TE500 list. However, the final number of the companies included in the analysis was 110 since in some cases the list included both a larger organisational body (e.g. a corporate or a cooperative) and one or several of its subsidiaries. […]

The data was collected in October – November 2018 using publicly available information disclosed by the companies on their websites and in their annual and/or sustainability reports. […]

Only 11% of the studied companies have integrated the SDGs into their business and/or sustainability strategies, and over half of the companies have not mentioned the Goals or Agenda 2030 at all. […]

37% of the companies had made at least some prioritization of SDGs in relation to their business. The number of prioritized SDGs varied from 1 to 17. […]

SDG8 on Decent work is the most prioritised goal among the studied companies. The emphasis on this goal can be seen as a positive signal showing rising interest in human rights due diligence, and a handful of forerunner companies have indeed taken a comprehensive approach in their strategy regarding SDG8. However, with most companies, it remains unclear to what extent the full value chain has been looked into when analysing their contribution towards SDG8 [...]