Sustainability is one of the most important and biggest issues in 2020s

Before the global pandemic occurred in 2020, we can hear the word “sustainability” all over the world. Actually, there are many related words such as Corporate Social Responsibility, Corporate Shared Value, Sustainability Report, Environmental, Social and Corporate Governance (ESG) investment and Sustainable Development Goals (SDGs).

In other words, we might feel that it is more difficult to sustain not only our life but also the earth itself. Therefore, many workers seek THE purpose of the company that each of them belongs to, and moreover, they seek the purpose of our life as well. In this sense, SDGs is one of the common sustainable goals that lots of people all over world want to realize.

What are Sustainable Development Goals?

According to the HP of United Nations Development Programme (UNDP) , Sustainable Development Goals are defined as follows.

The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by all United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

The 17 SDGs are integrated—that is, they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.

Through the pledge to Leave No One Behind, countries have committed to fast-track progress for those furthest behind first. That is why the SDGs are designed to bring the world to several life-changing ‘zeros’, including zero poverty, hunger, AIDS and discrimination against women and girls.

Everyone is needed to reach these ambitious targets. The creativity, knowhow, technology and financial resources from all of society is necessary to achieve the SDGs in every context.

In the HP of UNDP, we can see the backgrounds of SDGs as well.

The Sustainable Development Goals (SDGs) were born at the United Nations Conference on Sustainable Development in Rio de Janeiro in 2012. The objective was to produce a set of universal goals that meet the urgent environmental, political and economic challenges facing our world.

The SDGs replace the Millennium Development Goals (MDGs), which started a global effort in 2000 to tackle the indignity of poverty. The MDGs established measurable, universally-agreed objectives for tackling extreme poverty and hunger, preventing deadly diseases, and expanding primary education to all children, among other development priorities.

For 15 years, the MDGs drove progress in several important areas: reducing income poverty, providing much needed access to water and sanitation, driving down child mortality and drastically improving maternal health. They also kick-started a global movement for free primary education, inspiring countries to invest in their future generations. Most significantly, the MDGs made huge strides in combatting HIV/AIDS and other treatable diseases such as malaria and tuberculosis.

What are Millennium Development Goals?

According to the HP of United Nations (UN), Millennium Development Goals are defined in the following way

The eight Millennium Development Goals (MDGs) – which range from halving extreme poverty rates to halting the spread of HIV/AIDS and providing universal primary education, all by the target date of 2015 – form a blueprint agreed to by all the world’s countries and all the world’s leading development institutions. They have galvanized unprecedented efforts to meet the needs of the world’s poorest. The UN is also working with governments, civil society and other partners to build on the momentum generated by the MDGs and carry on with an ambitious post-2015 development agenda.

The rise of Stakeholder Capitalism

It goes without saying that most of organizations should take care of the sustainability both themselves and our society. Therefore, corporations should value not only their shareholders but also their all stakeholders. Nowadays, we name this trend as Stakeholder Capitalism.

According to the report of world economic forum, it becomes the phase to take stakeholders capitalism from principle to practice. Before practicing stakeholder capitalism, everyone should think of the questions: What sustainability is? and How to realize it and what each of them will be able to do?