Description/achievement of initiative
The SDG Compass guides companies in taking a strategic approach to the SDGs and enhancing their contribution to sustainable development through core business activities. The SDGs call on business to use creativity and innovation to address sustainable development challenges. Many companies, however, are uncertain about what actions they can and should take in order to contribute to the goals. To meet this need, the SDG Compass is a guide that companies can use to align their strategies with the relevant SDGs, and measure and manage their impacts. It is supported by a constantly updated inventory of business indicators and tools.
The SDG Compass incorporates feedback received through three consultation periods from companies, government agencies, academic institutions and civil society organizations worldwide. It includes:* The SDG Compass guide, explaining five steps to advancing the SDGs* A live inventory of existing business indicators from relevant and widely-recognized sources, mapped against the 17 SDGs and their targets.* A live inventory of business tools mapped against the SDGs.* An overview of each SDG, covering the role of business, and illustrative examples of business solutions, indicators and tools (forthcoming).On the initiative's website (http://sdgcompass.org) companies can download the SDG Compass guide, outlining five steps for business to align with and advance the SDGs. Companies can also explore the live inventories of business indicators and tools mapped against the 17 SDGs. There is also an opportunity to learn a bit more about the 17 SDGs and their targets.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
The SDG Compass was developed through a partnership between GRI, UNGC, and WBCSD.
* United Nations Global Compact (UNGC)
* World Business Council for Sustainable Development (WBCSD)