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An Accenture and the United Nations Global Compact report urges the private sector to accelerate action to meet 2030 sustainable development goals.
According to the United Nations Global Compact-Accenture Global Private Sector Stocktake report, 94% of business leaders still view the Sustainable Development Goals (SDGs) as a unifying global vision. However, achieving these goals requires the private sector to focus on the areas where they can have the most impact.
The report surveyed over 2,800 business leaders from around the world. Only 15% of SDG targets are on track, with 48% making weak or insufficient progress and 37% reporting stalled or reversed progress.
“Private sector investment and innovation are essential to achieving the Sustainable Development Goals.” said Sanda Ojiambo, CEO and Executive Director, UN Global Compact. “While not a one-size-fits-all approach, businesses should focus their actions where they can have an outsized impact on people and the planet, and on their businesses. This will enable them to effectively communicate performance, set targets and actions, engage with stakeholders, including investors, and gain access to new market opportunities.”