Business needed to achieve the SDGs
Without the contribution of business, many of the world’s development challenges will not be solved. This is also clearly reflected in the ambitious 17 Sustainable Development Goals (SDGs) that countries adopted in September 2015 as part of the UN 2030 Agenda for Sustainable Development. The SDGs provide governments, civil society and the private sector with the direction and targets needed to end poverty, protect our planet and ensure prosperity for all. Index Initiative encourages business to take up their role and demonstrate leadership in advancing the SDGs.
Moving to more industry specific approaches
The contribution of businesses to sustainable development strongly differs from industry to industry. This creates a clear need to go beyond the term ‘business’ and move to an approach that is more industry and company specific. Our benchmarks independently and objectively compare companies within industries on their contribution to the SDG(s) closest to their core business. Benchmarks show how companies perform compared to their peers and use the competitive nature of the market as a powerful driver for change, thereby driving companies to outperform each other on sustainability criteria. Our benchmarks recognize companies for leadership in sustainable development, create accountability and allow peers within and across industries to learn from best practices.
Corporate SDG Benchmarks
The benchmarks we develop are built collaboratively with input provided by a diverse range of stakeholders such as companies, civil society, governments, experts, academia and financial institutions. They are publicly available, free and provide stakeholders with key information they can use in their engagement with companies on sustainability issues. To read more about how benchmarks aim to achieve long-term change go to our Theory of Change.
The benchmarks we develop will be based on a set of predetermined design principles. These principles help ensure the effectiveness and quality of each new benchmark. To read more about the design principles go to Design Principles.