This article was originally published on Eco-Business.
“Big multinational companies have started to work out how to build their businesses around the United Nations’ Sustainable Development Goals (SDGs). But what do the SDGs mean for the companies that make up the bulk of Asia’s business landscape – small-to-medium sized enterprises (SMEs)?
…White’s presentation was centred around the CEO Guide to the SDGs, a publication launched in March to encourage global business leaders to align their business strategies with the SDGs. The guide aims to help unlock US$12 trillion dollars a year in business opportunities, and create more than 380 million jobs worldwide by 2030.
More companies are now using balance sheets that incorporate natural capital, as well as environmental profit and loss accounts in their decision-making processes, White said. Tools such as the Natural Capital Protocol can help companies to do this, he noted. In the future, sustainability factors should be built into the system, commented White. Once companies are required to consider these factors in their reports and accounts, this will drive more sustainable behaviour for “purely economic reasons,” he said…”
Read on at: Eco-Business.