Business Leaders aren’t Backing Up Their Promises on Sustainable Development Goals
Renzo Mori Junior, 9 Jan 18

Reporting on the sustainable development goals should not simply be a tick box exercise for business.

It seems there is a gap between what Australian companies publicly state they are doing with the United Nations Sustainable Development Goals and what they are actually doing. Our research found that companies are still not meaningfully disclosing the way these goals are measured and reporting their contributions.

These UN goals show business how they can contribute to solving the world’s biggest sustainable development challenges.

There’s a difference between a company having a commitment to support the sustainable development goals and actually being able to effectively demonstrate something is being done. That difference is measurement. Without an effective measuring system companies cannot back up claims, which reduces the credibility and reliability of the information.

Our research explored the extent to which the top Australian Securities Exchange companies (ASX top 20) are disclosing and incorporating the sustainable development goals into their business strategies and reporting processes.

The ASX 20 companies’ disclosures were assessed based on four elements: commitment to, structuring for, action towards and measuring of the sustainable development goals. We also set up thirteen criteria that reflect the maturity of companies’ public commitment and actions in relation to the sustainable development goals.

Across all 20 companies assessed in our sample, we found that these companies score the lowest on meaningful and credible disclosure on their commitment to the goals.

Based on our criteria, the overall average score across all 20 companies was only 38% out of 100%. When it came to commitment to the goals, companies scored 49%.

The extent to which progress against the sustainable development goals has been measured and communicated scored lowest, only 19%. Only one company, (5% of the sample) provided detailed disclosure on the progress made towards the sustainable development goals that considered previous performance or baselines.

Sign in to view full article

Explainer: How The Brain Changes When We Learn To Read
Right now, you are reading these words without much thought or conscious effort. In lightning-fast bursts, your eyes are darting ...
Nicola Bell
Thu, 18 May 17
Exiled Chinese Billionaire Sheds Light on Regime’s Forced Organ Harvesting
Though associated with communist leaders, Guo Wengui declared his support for persecuted Falun Gong adherents
Leo Timm
Fri, 31 Mar 17
Karl Marx, the Racist
It’s been nearly 100 years since Karl Marx’s ideas triggered the world’s first communist revolution in Russia on March 8, ...
Jack Phillips
Sat, 11 Feb 17
Why Do We Need to Eat so Many Vegetables and What Does a Serve Actually Look Like?
Most adults would know they’re meant to eat two or more serves of fruit and five or more serves of ...
Genevieve James-Martin, Gemma Williams, Malcolm Riley
Mon, 8 May 17
We Change Our Voice When We Talk to High-Status People, Shows New Study
Imagine going for a job interview and the employer sitting across from you is truly intimidating. He’s big, bold, loud ...
Viktoria Mileva, Juan David Leongómez
Wed, 5 Jul 17
Join us today!
An Epoch Times Survey
AcuSLIM - Acupuncture Weight Loss Programme
Sports Elements
Sports Elements
Read about Forced Organ Harvesting