Sustainable Business Opens Major Economic Opportunity

ICC’s Secretary General John Danilovich welcomed a new report – Better Business, Better World – which has been developed by a group of over 35 CEOs and civil society leaders including Danilovich himself. The Business and Sustainable Development Commission (BSDC) initiative was launched one year ago with the aim of inspiring business leaders to drive implementation of the United Nations’ Sustainable Development Goals (SDGs).

The BSDC’s headline finding is that putting the SDG’s at the heart of the world’s economic strategy could unleash a step-change in growth and productivity. Analysis presented in the report suggests that SDG-related markets have the potential to grow two to three times faster than average GDP over the next five years – with many “unicorns” (start-ups valued at over US$1 billion) already finding major success in these sectors from mobility systems through to circular manufacturing.

Commenting on the launch of the report, Danilovich said: “The report makes clear that sustainability is no longer a luxury investment: it’s a core driver of business productivity and growth in the 21st Century. The Global Goals have created enormous opportunities for businesses willing to put sustainability at the heart of their operations.”

Danilovich added: “We believe the SDGs should be known as the BDGs – the Business Development Goals. There is a huge opportunity for business to drive the transition to a better and more just world. We want the BSDC report to inspire a new generation of business leaders who put sustainability first because it makes plain business sense.”

Many companies are already taking action to support implementation of the SDG’s. In fact, USCIB has launched Businessfor2030.org in 2015 to track initiatives and contributions that businesses have been making to achieve sustainable development through the prism of the SDG’s.

Better Business, Better World was launched at the Philanthropreneurship Forum in Vienna, Austria, and will also be discussed at the World Economic Forum in Davos, Switzerland.

To access the report, visit the Business & Sustainable Development Commission

 

Staff Contact:   Gabriella Rigg Herzog

Vice President, Corporate Responsibility and Labor Affairs
Tel: 212.703.5056

Gabriella Rigg Herzog leads USCIB policy and programs on corporate responsibility, international labor standards and corporate governance. She manages USCIB engagement with its affiliated organizations, U.S. government agencies, and United Nations agencies on international corporate responsibility principles, codes of conduct and multi-stakeholder initiatives, as well as international and transnational regulatory activities on labor and employment policies, sustainable development and corporate governance.
Read More

Related Content