According to a report by the Business & Sustainable Development Commission (2017), the SDGs could globally generate US$12 trillion in business savings and revenue across four sectors by 2030: energy; cities; food and agriculture; and, health and well-being.
The report also estimates the creation of 380 million new jobs linked to these four sectors over the next ten years.
The main challenge for businesses is to prioritise the goals relevant to their sector, identify and mitigate its risk impacts while also spot and leverage business opportunities they present.
On the international stage, we see many multinational companies, like Unilever leverage health and well-being opportunities by aligning the SDGs with their strategy, culture and purpose.
Paul Polman, former Unilever CEO explains the rational for this approach by saying that “it’s not about putting purpose ahead of profits, it is purpose that drives profits”.