Progress toward sustainable development is seriously off-track

UN Photo/Manuel Elias UN Secretary-General António Guterres at UN Headquarters, New York (2019)

This article is brought to you in association with the United Nations.


The UN Secretary-General is calling on business leaders to use their “enormous influence” to push for inclusive growth and opportunities that benefit all people and the planet.

António Guterres made the appeal in an op-ed first published earlier this week in the Financial Times.

“It is both good ethics and good business to invest in sustainable, equitable development,” he wrote.

“Corporate leadership can make all the difference to creating a future of peace, stability and prosperity on a healthy planet.”

He pointed to recent protests across the world where people have taken to the streets to protest rising living costs as well as real, or perceived, injustice.

“They feel the economy is not working for them — and in some cases, they are right. A narrow focus on growth, regardless of its true cost and consequences, is leading to climate catastrophe, a loss of trust in institutions and a lack of faith in the future,” he said.

Mr. Guterres believes the private sector is critical to solving these problems, and businesses have been working with the UN to achieve the Sustainable Development Goals (SDGs), which were adopted in 2015.

The 17 SDGs address challenges such as poverty, inequality, the climate crisis, and peace and justice. They aim to bring about a more just future by the deadline of 2030.

‘We are seriously off-track’

The UN chief noted that since their adoption, extreme poverty and child mortality have fallen. However, he lamented that overall, “we are seriously off-track”, with

lack of financing a contributing factor. As public funding is not enough to meet the challenge, the UN is working with the financial sector to fill the gap.

Mr. Guterres stated that businesses need long-term investment policies which serve society, not just shareholders. He added that the UN and the private sector are working to find new ways to invest in sustainable growth and development

Last month, 30 leaders of multinational companies meeting at the UN launched the Global Investors for Sustainable Development Alliance. Already they are backing clean energy projects in Africa, Asia and Latin America, among other initiatives.

‘Push for policy change’

The UN chief expressed hope that other business leaders will follow suit.

Mr. Guterres further called on the corporate sector “to go beyond investment and push for policy change”, noting that consumers are already exerting pressure.

“We need business leaders to use their enormous influence to push for inclusive growth and opportunities,” he said. “No one business can afford to ignore this effort, and there is no global goal that cannot benefit from private sector investment.”

the sting Milestone

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

‘Every ventilator becomes like gold’ – a doctor’s stark warning from Italy’s Coronavirus outbreak

Medical Education is #NotATarget

Indonesian tsunami death toll climbs over 400 as Government-led relief efforts are stepped up

Supply chains have been upended. Here’s how to make them more resilient

World food security increasingly at risk due to ‘unprecedented’ climate change impact, new UN report warns

Bank resolutions set to remain a national affair

UN Children’s Fund chief condemns ‘horrific’ Kabul bomb attack

‘Terrorist Iranian regime’ must be checked; Saudi Foreign Minister urges financial pressure

UN rights office calls on Zimbabwe Government to end ‘crackdown’ in response to fuel protests

UN agriculture agency digs in to help forests and farms build resilience to climate change

The EU Parliament and the ECB unknowingly or unwillingly fail to protect our financial assets

Korea should adapt its migration programmes to ensure continued success in the face of expected challenges

COVID-19 is a threat to waste pickers. Here’s how to help them

Those who produce food are among world’s hungriest – UN rights expert

Job automation risks vary widely across different regions within countries

Counterfeiters are taking advantage of the pandemic. Here’s how to stop them

As fighting in Libya escalates, so does number of children ‘at imminent risk of injury or death’

10 of Albert Einstein’s best quotes

Draghi: A bridge from Brussels to Berlin

Draghi’s top new year resolution: Quantitative Easing

TTIP: why it is worth not to pull the covers over your head?

How to future-proof India’s economy

The children’s continent: keeping up with Africa’s growth

How energy infrastructure is shaping geopolitics in East Asia

Protection of transported animals: Parliament establishes inquiry committee

Budget Committee backs €2.3 million worth of aid to help 550 redundant media workers in Greece

Amid pandemic detours, mental health matters

FROM THE FIELD: Liberia boosts efforts to guard against rising seas

Vaccination: European Commission and World Health Organization join forces to promote the benefits of vaccines

Who’s promised net-zero, and who looks likely to get there?

‘Ghost fishing’ is threatening our oceans. Here’s how we can tackle it

Brazil: A strategic partner for the EU

Mental health in the pandemic: it’s no Rubik’s cube

A clean energy future with hydrogen could be closer than we think

These 5 charts show our shifting behaviour around coronavirus

If a virus could sing … Could this musical version of COVID-19 help us defeat the disease?

Venezuela migrant crisis begs a ‘coherent, predictable and harmonized’ response: UNHCR

5 ways students can graduate fully qualified for the Fourth Industrial Revolution

REACT-EU: EU support to mitigate immediate effects of the COVID-19 crisis

The EU stops being soft with 10 Downing Street about Brexit

Europe’s dirty air kills 400,000 people every year

Why the world is not as globalized as you think

“Be aware where you put your I Agree signature on and something else”; now Facebook by default opts you in an unseen private data bazar

State aid: Commission approves €286 million Finnish measure to recapitalise Finnair

Topic: Mental Health in times of pandemic: What can each individual do to lessen the burden?

The European Brain Drain: a truth or a myth?

How data can help mining companies tackle their trust deficit

Algorithmic warfare is coming. Humans must retain control

EU prepares a banking union amidst financial ruins

Efforts to save the planet must start with the Antarctic

How digital identity can improve lives in a post-COVID-19 world

Medical ethics in the age of the social media influencers

Three reasons to be optimistic for the future of Asia

Commission supports normalisation in Greece through activation of post-programme framework

Execution of juvenile offender in Iran ‘deeply distressing’ – UN rights chief

Chernobyl nuclear disaster-affected areas spring to life, 33 years on

Blockchain could boost global trade by $1 trillion

Why rich countries are seeing more poverty

5 charts that explain big challenges facing Italy’s new government

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s