I’m excited to share incredible examples of partnership in action later during this discussion, and you can read about many more in this report Creating impact together | UNICEF. However if there is a question from business about why they should engage, our question back is how can you not? It’s clear for our children and for communities around the world we need to act now.
Despite progress over the years from businesses on the sustainability front, there are still a lot of things they can get better on. From my experience in Bangladesh, we haven’t seen enough cross-sector collaboration. We are missing out on synergies from public and private sector interactions. A greater involvement of the private sector in policy discussions, from design and formulation all the way to execution, can go a long way toward creating a conducive environment for businesses to thrive. Some dialogues and associations are around but there needs to be more momentum behind these efforts.
A key message coming out of the UN HLPF just completed last week is that
“The private sector, in particular, has a vital role to play in driving sustainable and inclusive economic growth through responsible business practices and investments. “
Love this point Kelly, it’s so true and so important! I think OS Hub even has some Fairtrade data in it helping visualise where products are coming from!
There are many things that businesses can do. For mental health they can begin with wellbeing of their employees and setting an example for their sectors by normalising this. 12bn days of productivity are lost to mental ill health each year across the world, with depression being the most common reason to be medically signed off from work. As well as respecting their employees it also make commercial sense - the return on investment of mental health and wellbeing interventions in the workplace are extremely high. See Deloitte’s report on this: Mental health and well-being in the workplace | Deloitte Global
indeed the climate crisis affects not only people but businesses across the globe!!
It is high time for #ClimateJustice and #ClimateAction by the private sector, governments and us all as consumers
Absolutely agree on this Abir - we talk a lot about collaaboration as well, and particularly cross-sector collaboration.
please share a link to the OS Hub resource Joanna!!! very curious to read this
And see our report The Return on the Individual which discusses the economic impact of mental health and of mental health in the workplace: The Return on the Individual.pdf - Google Drive
Business needed to rethink their role
Businesses should first focus on the areas in which their businesses have the most impact negatively through their operations
Businesses should go beyond cheery picking SDGS based on win win opportunity and integrate sustainability development objective in their core operations
This report by Deloitte provides many examples of how businesses can accelerate the SDGs; Its also shares why!
The World Health Organisation has some great resources on mental health at work Mental health at work
New businesses models that align business agenda’s with social aims can also help achieve sustainability globally
fully agree Chioma!!! There is definitely evidence of successful businesses that align with social and envt sustainability aims while also profiting without having negative impacts on people and planet!!!
***Such insight to that first question - thank you. And our second question today:
these days its easily said than talked about, humanity has to go under cleaning sometime so that we start thinking of others first
(A1) Over the years we’ve seen some empowering and inspiring use cases about how open data is used to do good and progress against the SDGs. These range from businesses taking actions and businesses being held to account - both important in making the progress we need. I’ll group these by different SDG themes in some subsequent posts…
At Fairtrade we are proud of the many businesses we are working with committed to sourcing from Fairtrade certified producers that meet the Fairtrade standards. This means they are complying with Fairtrade’s holistic three pillar approach to sustainability – encompassing: environmental (SDG13), social (SDG5 & 8) and economic (SDG1 &2) sustainability.
Businesses like Ben and Jerry’s and Tony’s Chocoloney’s are great SDG champions showcasing what true trading partnerships should be like:
investing in their supply chain partners’ priorities to tackle the climate crisis,
providing resources and expertise to tackle due diligence risks
and priortising and nurturing the next generation of farmers through entrepreneuship and value addition opportunities.
(A2) SDG 8: We’ve heard numerous examples of labour rights being upheld through OS Hub data helping identify who is sourcing from a factory where claims are made about rights abuses. Including these example from Mudem in Türkiye, the Myanmar Centre for Responsible Business in Myanmar, and [BHRRC in Cambodia].