…only 29% of businesses have set goals
Ghana’s business community has been tasked to align their operations towards the attainment of the Sustainable Develompment Goals (SDG)
Audit firm PricewaterhouseCooper’s (PwC) report of 2015 revealed that only 29 percent of businesses have set goals aligned to the SDGs.
The report revealed that there is a high level of SDG awareness amongst the business community – as high 92 percent – however many are still looking for tools to enhance their contribution to it.
Only 13 percent have identified the tools they need to engage in the implementation of the SDG, the report revealed.
The SDG advisor to the president, Dr. Eugene Owusu believes businesses aligning the goals to their strategies will open more opportunities for them, enhance their internal efficiencies and spread innovation.
“The SDGs present common grounds for businesses and government to think together as one in finding solutions to the pressing development challenges confronting the globe. So businesses can integrate the goals into their corporate responsibility strategy,” he said.
The report also revealed that achieving just four of the SDGs could generate US$12 trillion in market volume and create 380 million jobs globally, but this can be achieved with the great participation of the private sector.
Owusu believes a strong public private partnership, will create the needed opportunity for the knowledge of best practices among businesses which can be leveraged on and brought to bear for development efforts.
He explained further that “the huge cost in financing the goals can only be met through a boost of the private sector as between US$2 to US$5 trillion investment deficit is needed to attain the goals in developing countries.”
But an expert in corporate social responsibility (CSR), Professor Wayne Dunn, rather wants government to engage more with the private sector in the implementation of the SDGs.
He believes democratizing the SDGs will encourage the business community to operate towards the attainment of the goals.
The SDG goals include ending poverty, ending hunger, providing good health and well-being, providing quality education, providing clean water and sanitation and providing affordable and clean energy by 2030.
Others are ensuring gender equality, providing decent work and economic growth, building sustainable cities and communities, building responsible consumption and production, reducing inequality within and among cities, ensuring peace and justice and strong institutions.
The rest are ensuring industrial growth, innovation and infrastructure and ensuring healthy lives for all ages, sustainable action on climate change and strengthening the means of implementing the SDGs.
By Nana Oye Ankrah