Awareness raising: Helping Business Understand SDG Risks and Opportunities

The report places emphasis on the need for businesses to understand the risks and opportunities in SDG. It highlights Global Compact Local Networks’ role in raising awareness and mobilising the private sector to embrace their responsibilities in providing innovative ideas, scalable solutions and resources to advance SDGs.

Capacity building: Mainstreaming a principle-based approach to the SDGs

The Global Compact Local Networks report emphasises the need for capacity building to create strategies and actions that maximise positive impacts on society and generate business value. The report discusses the four key disciplines required for a sustainable development strategy: clear priorities, selecting goals and targets, sustainability goals and targets, and science-based targets aligned with the SDGs. The report also offers practical tools and solutions for businesses’ sustainability practices.

Recognising leadership: Providing inspiration through good business practices

The Global Compact Local Networks report includes business practices that transfer knowledge and offer guidance to companies committed to advancing SDGs. The report provides practical examples of the role of the Global Compact Local Networks in inspiring businesses to commit to a principle-based approach. It also highlights the importance of recognising leadership and providing inspiration to assist businesses in achieving success in their sustainability initiatives.

Policy dialogue: Engaging responsible business on national SDG action plans and policies

The report emphasises the critical role of policy dialogue in advancing SDGs by engaging businesses that work collaboratively with governments to develop strategies and policies around responsible business. The report focuses on how Global Compact Local Networks work to bring together responsible businesses and policymakers to promote SDGs sustainability.

Multi-stakeholder partnerships: Facilitating collaboration and collective action

The report examines multi-stakeholder partnerships and their ability to extend the vision and reach of SDGs. It highlights the Global Compact Local Network’s ability to bring together diverse stakeholders, including businesses, governments, civil society, and academia, to facilitate collaboration and collective action around SDGs. The report provides examples of how Local Networks work to bring together local partners to share knowledge and promote sustainability actions.

Conclusion

The report highlights that while much has been achieved in raising awareness of SDGs, our world is not yet on track to meet the 2030 goals. It emphasises that it is crucial for responsible businesses to take a leadership role in mobilising a movement to advance SDGs.