With the universal adoption of the Sustainable Development Goals (SDGs) by the United Nations in 2015, organizations around the world are identifying opportunities to advance them to put society on a secure footing by 2030.
While there are many opportunities to approach this as a philanthropic undertaking, it is also important – if not more important – to consider how the achievement, or under-achievement, of the SDGs will affect corporate strategy and future performance.
Organizations are encouraged to embed the SDGs into Risk Management and Strategic Planning processes. This UN SDG Risk Management Tool is a handy tool to help with that exercise.
It compiles the 17 high-level SDGS and their 169 global targets, which the international community has identified as priorities, into a checklist for ease of use. The UN SDG Risk Management Tool focuses on the targets rather than the high-level goal statements. This helps executives consider how to operationalize the SDGs, identify the risks and opportunities, and address them through corporate strategy. Significantly, the UN SDG Risk Management Tool does not treat the SDGs as a set of goals “to align with”, as a check-box exercise or as philanthropy. It treats them as a set of important insights for risk management and strategic planning.
The UN SDG Risk Management Tool is designed for use by boards, executives, risk and strategy teams, and sustainability professionals. It provides a set of instructions and suggests a process for engaging company leadership.