World Benchmarking Alliance announces seven systems transformations for benchmarking companies on the SDGs
Author: World Benchmarking Alliance, Published on: 16 July 2019
The global challenges we face, from climate disaster to gender inequality, unsustainable food systems to digital exclusion, are interconnected and affect us all. There is a perfect storm brewing with growing pressure to deliver on the Sustainable Development Goals (SDGs) under the United Nation’s 2030 Agenda, and the clock is ticking. The private sector has enormous potential to drive change. But there is currently no global accountability mechanism to understand where companies are today and where they need to get to. The World Benchmarking Alliance (WBA) has set out to develop a range of free and publicly available benchmarks by 2023 to assess the progress of 2,000 keystone companies against the SDGs.
WBA has identified seven systems transformations we believe are vital to put our society, planet and economy on a more sustainable and resilient path to accomplish the 2030 Agenda: 1. Social transformation. 2. Agriculture and food system transformation 3. Decarbonisation and energy transformation 4. Circular transformation 5. Digital transformation 6. Urban transformation 7. Financial system transformation