On the question of reporting – I am getting a strong steer from companies that we should not be looking to create another layer of reporting complexity. Rather we should be looking to consolidate and align what currently exists. Companies will need to analyse current measurement indicators against SDG indicators and fill gaps where they exist – and this may require significant investment especially where businesses are going to need to build a base line and to measure improvements.
What I am hearing from non business stakeholders is that there isn’t an expectation that companies will report in detail country by country on the SDGs. Rather they need to be “choiceful” on what they report on. Companies should think about doing a materiality type analysis on where SDGs risks and opportunities are greatest and prioritise reporting accordingly in line with national development priorities.
A practical first step for companies is to engage in local indicator setting in higher priority countries where risks and opportunities are greatest.