SDG #17 Partnerships for the Goals

SDG #17 Strengthen the means of implementation and revitalize the global partnership for sustainable development.
Partnership and cooperation are essential for achieving the Global Goals. The international community has encouraged the development of partnerships between stakeholders, including business, in order to achieve the common development goals. It is only by utilizing and bringing together each party’s core competence in the partnership, that the ambitions of the SDGs can be achieved.
Companies are major players among SDG stakeholders, offering expertise, experience, resources, access to knowledge, and capabilities to innovate. But, companies cannot create transformative change acting alone. Business may not fully take account of all voices and be aware of all areas of need; and they may not have access to the best available knowledge. To support the achievement of the SDGs in all countries, companies should work alongside national and regional Governments, multilateral organizations, civil society, the scientific community and academia. Together they should establish multi-stakeholder partnerships to mobilize and share knowledge, expertise, technologies and financial resources.
Why should business support SDG17?
According to the Better Business, Better Business, Better World Business & Sustainable Development Commission, using the SDGs to unleash innovation and economic growth could be worth at least $12 trillion each year in market opportunities and generate up to 380 million new jobs by 2030.
To achieve the U.N.’s 2030 Agenda, business leaders must weave the SDGs into their long-term business strategies and collaborate — with governments, sector peers, policymakers, NGOs and more.
For companies to succeed, they need access to energy, good governance and sustainable economic development, among other fundamental factors. These same underlying needs overlap government priorities as the basis for peace, security and poverty reduction. Companies can do a great deal to address these common interests and create long-term value.
Adopting responsible business practices and committing to sustainability in their own operations is the first step. But tackling some of the most difficult global challenges can not be achieved by one company alone. Working in partnership can often lead to greater impact. With its scope and unique possibilities, business can be a powerful source of innovation and implementation power.
A leading company will create and promote stronger partnerships by galvanizing sustainable development funding, promoting technology exchange and knowledge with stakeholders in developing regions, engaging in capacity building activities and taking a leading role in creating coalitions for innovative technologies and business models. A leading company will review boundaries to find ways to increase partnerships for sustainable development, especially in least developed countries, and address systemic challenges through shared leverage. It will also ensure vulnerable communities that are at risk of being excluded from discussions. Such partnerships will be based on principles and needs, build on local capacities and reflect the United Nations’s values to ensure they are transparent, accountable and inclusive.

So, what can You and your company do?
Below I give you some examples of business actions that You and your company can take:
  1. Lead on partnerships to improve domestic resource mobilisation through responsible tax practices.
    Example:
    An IT company establishes an initiative involving relevant stakeholders, including government, taxpayers, NGOs and accountants, to develop a platform that can be used to collect, send and pay tax revenues.
  2. Galvanize private sector finance to support sustainable development initiatives in developing countries.
    Example:
    An investment bank is launching an initiative that provides and facilitates green finance, including green project bonds, green asset bonds and philanthropic funds as catalytic pre-primary capital to promote investment in energy supply. As part of the initiative, the bank partners with the International Initiatives and Institutions for Commercial and Development Finance to raise $ 100 million to help provide clean cooking solutions to millions of households in developing countries.
  3. Lead on partnerships to develop and share new and existing technology, knowledge, and business models for sustainable development.
    Example:
    An electric vehicle company makes its intellectual property freely accessible and forms partnership with other automobile manufacturers to share research in support of an industry-wide transition to low-carbon road traffic.
  4. Build regulatory, organizational, and staff capacity in developing countries
    Example:
    A multinational mining company works with multilateral institutions on various projects to improve governance and help reform the legal sector in an African country. This included bringing judges from the company’s home country to assist with the legal training of judges, modernizing the national juridical training center, and pilot programs aiming to improve the administration of, and access to, courts and legal services.
  5. Lead on partnerships that address systemic challenges for achieving the SDGs.
    Example:
    A global beverage company is one of the key drivers of the Business Coalition Against Corruption in an African country, in partnership with numerous participants from the private and public sector and civil society. The company plays a leading role in the development of a code of business ethics in an African country, launched in conjunction with the UN Global Compact Local Network of that country.
References

SDG Compass, UN Global Compact Industry Matrix, Global Opportunity Explorer, SDG Reporting – An Analysis of the Goals and Targets, Sustainable Development Knowledge Platform, Goal 13 Caring for Climate

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