Page 34 - Economy_Sustainable Global Economy

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Chapter 6 JOIN THE MOVE

1. Existing networks and supporting programmes

Economy of the Common Good network: Ecogood
On this webpage, you might find national contact points for the national associations for the economy of
the common good.

2. Tools of reference to develop actions

Inventoy of business tools COMPASS

SDG Compass The guide for business action on the SDGs

3. Tips to taking action:

The report from Gold Standard called BUSINESS AND THE SUSTAINABLE DEVELOPMENT GOALS: Best
practices to seize opportunity and maximise credibility propose several best practices for the
implementation of SDG in business.

For instance: Commit to comprehensive quantification of impacts and target setting

Recommended steps:

» Set ambition in line with best practice. Use the materiality concept to identify and prioritise SDG targets
according to the company’s environmental, social and economic impact on the SDGs, and the potential
risks and opportunities the SDGs pose for your organisation and its stakeholders. Take guidance from
initiatives like the GRI materiality principle, Science Based Targets and other similar emerging programmes
where possible. This should be accompanied by ongoing monitoring, validation and review of progress.

» Make sure negatives are part of the equation. To understand your companies full impact, it is important
to look at your organisation’s direct and indirect impacts on creating, preserving or eroding progress
toward the SDGs. In an era of ‘false news’, being transparent about reporting company weaknesses will
make people more receptive to believing the positives, and transparent reporting will also help you
identify and address opportunities for improvement. Still, the net value of your positive impact should far
exceed that of the negatives – if not, your business model may not survive in the long term.