With the development of the UN’s Sustainable Development Goals (SDGs) comes the challenge of implementing and executing these goals. The International Organization for Standardization (ISO) is an independent, international NGO with a membership of 163 national standards bodies and over 250 technical committees.
Corporate Social Responsibility (CSR) is not just a marketing tool that will help a company grow, get exposure and attract new customers. It is not a plug-and-play model. We at Development3 see it as an integral and purpose-driven cog that changes the organizational fabric of a company for the better.
SMEs’ roles matter in achieving the 2030 Agenda because they constitute about 90% of all business and play an important role in employment initiatives. The United Nations Commission on Trade and Development (UNCTAD) noted that funding the SDGs will total US$5-7 trillion from 2015-2030.
Today’s companies need to meet the reality of issues faced by everyone: technological disruption, globalization, consumer scrutiny, and climate change. Beyond strict sustainability and diversity protocols, the companies of 2018 have the opportunity to spearhead a new capitalism.