by Jin Liu
Due to the impact of COVID-19, the goal of achieving the 17 sustainable development goals in 2030 has deviated dramatically. UN Secretary-General António Guterres pointed out that the emergence of COVID-19 has made the already slow implementation of targeted changes even more challenging. For this reason, the SDG's implementation plan is even more urgent. The business contribution will become the key to goal development. EY has a mature understanding of the impact of SDG on the company, and they believe that all stakeholders of the company can obtain value in the goal of sustainable development. Additionally, SDGs will provide a springboard for corporate business growth and long-term competitiveness.
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| Source: AngloGold Ashanti |
Corporate strategic goals should be consistent with SDGs. Formulate the company's sustainable development goals and set target KPIs to evaluate the company's internal control and other issues. According to reports, Australia has nearly doubled the number of companies integrating business performance goals with sustainability. More than 42% of ASX150 have committed to achieving carbon neutrality, and 11% of them have already achieved this goal. Since 2018, companies have grown by 34% have set sustainable development goals as their corporate priorities. AngloGold Ashanti said that actively creating a sustainable heritage and safe driving are their current business strategies. The company believes achieving sustainability goals will help improve the company's competitiveness in the gold mining industry. These data convey that SDGs and the company's interests are in a complementary relationship. For long-term development, companies must combine development goals and sustainability to meeting unknown risks and challenges better.
The emergence of COVID-19 has made more companies aware of the importance of SDGs to the development of company value. In the long time, all corporate strategies will be inseparable from sustainable development goals.
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