Page 15 - Economy_Sustainable Global Economy

15

As shown in this infography, the preliminar step for the implementation of SDG in business will be the
understanding of the different existing goals.

Then, and as it impossible to pursue all the goals at once, even if some of them can be interelated, it will
be important to set priorities. For this step, SDG Compass recommend to map the value chain of the
business to identify the impact areas (for instance raw materials needed for a production, suppliers,
logistics, distribution, product use and end of life…). Then you should measure these impact by selecting
appropriate indicators, and use this data collected as a baseline to define your priorities.

Onces your priorities are set, you should elaborate your goals. These goals should be associated to Key
Performance Indicators that will enable you to measure the progress, and determine your level of
ambition. This step should end with an announcement of your commitment to SDG.

The step 4 is about anchoring the SDG within the business and embed the sustainability goals in all
functions. As an example from the guide, if you chose to contribute to SDG nº12 (responsible consumption
and production) by phasing out chemical products from your business, this should involve all the functions
of your organisation, for instance the R&D department, the supply chain, etc. Also, the guide recommend
to engage in partnerships to reinforce the commitment.

The last step will be about reporting and communicating about the SDG performance. It is to be notices
that this method can be applied to any kind of initiative beside the business field, as for instance to
associations or particular projects.

2.4 Recommendations and examples for application of SDG in Business

Best practice: Global Business Navigator PWC

Global Business Navigator is a systems-driven database mapping tool to help companies identify where
they are the most important SDG in their operations and supply chain, taking into account the countries
and sectors in which they operate.

They have developed a diagnostic tool which will give businesses a quick, replicable and low cost way to:

• Identify the Global Goals that are of most relevance given their countries and sectors of operation

• Evaluate which Global Goals they can best contribute to

• Identify the significant risks (i.e. where business activities could hinder governments more than help) in
relation both to core products and activities and more broadly across the supply chain, on a country by
country basis

• Identify the potential opportunities (i.e. where business activities could help significantly more) in rela-
tion to core products and activities and the wider supply chain, on a country by country basis