As one of the world’s largest multilateral development agencies, present in over 170 countries and territories, UNDP is on the frontlines of anticipating, understanding and acting on today’s opportunities and risks.
This report serves as a baseline analysis of business awareness of the Sustainable Development Goals (SDGs). As a first of its kind in China, the report aims to provide business leaders a glimpse of how companies are engaging with the SDGs in China, which areas matter the most, the future trends and how – beyond normal business practices – companies can help societies to recover from shocks and crises, such as COVID-19.
Industrialisation is considered a prerequisite for a country or region striving to achieve prosperity and a higher standard of living for its citizens. Industrial development has been called the “quintessential escalator for developing countries”, boosting job creation on a large scale, stimulating innovation, and enhancing productivity across many sectors. Industrialisation, when economically, socially and environmentally sustainable, can also contribute greatly to the achievement of the Sustainable Development Goals (SDGs) in developing countries.
The SDGs are a global pledge to end to poverty, reduce inequality and protect our planet for future generations, by the year 2030. This calls for unprecedented investments and cooperation across all of society – including governments, communities, civil society and the private sector. This is already changing ‘business as usual,’ by putting the SDGs at the centre of how business is done. To support this, the SDG Finance Taxonomy (China) offers a classification system with impact assessment and reporting criteria for finance and investment activities that can make a substantial contribution to at least one SDG, while avoiding significant harm to the others.