EDIE Sustainability Leaders Forum: SDG Leadership LabFebruary 2019

Sustainable Development Goals: Why, what and how for business

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Agenda

Objective for today:

Identify the practical steps for creating the organisational change that is urgently needed to achieve the SDGs

House rules:● Chatham House rules● Share openly● Challenge constructively

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1. Introduction to the SDGs and why business should act (10 mins)

2. What to act on - prioritising the SDGs (15 mins)

3 How to make a real contribution to the SDGs -group exercise (25 mins)

4. Wrap-up and Q&A (10 mins)

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An ambitious agenda

193 governments agreed to deliver 17 global goals tackling major world issues by 2030

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Why should business care about the SDGs?

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Inclusive business opportunity worth $12 trillion

Improved business performance and lower costs of equity and debt

Increased Government focus on sustainable business

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SDGs are creating pressure and driving change

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…Complexity is not an excuse for complacency and delay”

Christine Lagarde, IMF Managing Director

“

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Businesses are reporting on the SDGs…

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50% globally and 58% in the UK

aren’t offering any meaningful level of engagement with the goals

Base: 729

Globally….

Mentionedthe SDGs

Selected priority SDGs

Base: 52

In the UK…Made no mention of the SDGs

UK SDG reporting Challenge 2018

Mentionedthe SDGs

Selected priority SDGs

Selected priority SDGs

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Are the SDGs included within the main business strategy of the company? % who prioritised and stated ‘yes’

Base: (Total) 362; (UK) 27; (BE) 14; (BR) 8; (CO) 20; (DE) 20; (ES) 20; (FR) 23; (JP) 4; (MX) 16; (MY) 16, (NL) 33, (NO) 24, (PT) 15, (RO) 11, (RU) 15; (SA) 12; (SW) 24; (TW) 29; (USA) 12

54%of the companies who indicated that they prioritised SDGs have included SDGs within their business strategy

SDGs embedded into business strategy

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UK SDG reporting Challenge 2018

Only 19% of

companies in the UK who indicated they prioritised the SDGs have included SDGs within their business strategy

What to act on -prioritising the SDGs

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Identifying priority SDGs

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From minimising negative impact to making a positive contribution

Stakeholder perspective

Local perspective

Value chain perspective

Capability perspective

Priority SDGs at target level

Managing impact: SDGs for Corporate Responsibility

● Responsible business● Footprint-driven● Minimise negative impacts

Making a positive contribution: SDGs for Business Strategy

● Business as a force for change

● Purpose-driven● Match business capabilities

with societal needs

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Understanding local perspectives: Global Goals Business Navigator

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Score country performance

(1-10)

Actual data for all indicators for all countries

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TargetKPIActionsGoalsHow will you

contributeSelect priority SDG targets

Target 8.8: protect laborrights & promote safe working environments

Provide a safe and inclusive work environment

Zero harm to workers

Implement workplace safety and inclusivity initiative

Number of reports of non compliance

Zero complaints/reports of non compliance

Determining specific actions at SDG target level

How - setting goals, integrating and reporting

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The SDG Compass: A practical guide for business action

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● A framework for aligning business strategy, and measuring and managing contribution to the SDGs

● Freely available inventory of business tools and indicators

● Developed by GRI, UNGC and WBCSD

Available at https://sdgcompass.org/

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... but how do we accelerate change?

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Enablers of change

● Leadership

● Governance and accountability

● Capabilities, knowledge, skills

● Resources and capacity

● Evidence, analysis and insight

● Incentives

● Stakeholder engagement

● Organisational culture

● Partnerships

Accelerating change

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Breakout discussion: Accelerating business action on the SDGs

Instructions:

Gather round a flip chart of your choice.

Discuss the practical steps for business action and write down:

1. What are the biggest obstacles that have prevented your business from taking action?

2. What can you do to overcome these obstacles to drive change in your organisations?

Ensure someone in your group is ready to feedback to the group.

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15mins

For Steps 2 to 5 of the SDG Compass, share your experiences of implementing the practical steps within your organisation, considering the obstacles you have encountered and how these could be overcome to accelerate business action on the SDGs.

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• Businesses have good intentions to support the achievement of the SDGs, but SDGs are still not being embedded into real business strategy

• The need for action is now urgent - we need change agents within business taking practical action to bring about a step change

• The SDG framework can appear complex - but there are tools and support available to cut through the complexity and prioritise where to focus effort

• Embedding into business strategy can be achieved by translating the SDGs into tangible goals that your organisation can get behind

• There is support available to help on every step of this journey

Re-cap

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Insight at pwc.com/globalgoalsAnalysis of 729

corporate

reports

exploring

business

communication

on the SDGs

An inventory of

possible

disclosures to

support

business

reporting on the

SDGs

The business

case for

investor

engagement

with the SDGs

PwC research

with UNGC,

WBCSD and

GRI exploring

business

engagement

with the SDGs

A practical

guide to the

SDGs and their

implications

and

opportunities

for business

Aligning to the

SDGs – the

business case

and practical

steps for the

Manufacturing

sector

WBCSD - SDG hub

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Any questions?

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Thank you

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Louise ScottDirector, Global Sustainability

E: louise.a.scott@pwc.comM: +44 (0)7734 958942

Andrea McCormickSenior Manager, Sustainability & Climate Change UK

E: andrea.mccormick@pwc.comM: +44(0)7711 562 539

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