THE United Nations Development Program (UNDP) is urging the private sector to contribute information about their sustainable development initiatives and help create a report that may provide innovative solutions to the country’s development challenges.
On Thursday, the UNDP launched a partnership with the Philippine Business for the Environment (PBE) for the purpose of recognizing and documenting the private sector’s contributions to Sustainable Development Goals (SDGs).
This will be done through the SDGs online portal wherein Philippine companies can provide data and information on their SDG-related initiatives.
Information gathered through the portal will be analyzed and aggregated and the findings will be published in a report by the UNDP and PBE.
“The online portal and the report—the first in the Philippines —aim to institutionalize a mechanism through
which the contributions to sustainable development of private companies, regardless of size, portfolio and industry, can be systematically documented and recognized,” UNDP said.
It said the online platform will accelerate best practices that could be used to create innovative solutions to development challenges as it allows an exchange of ideas from the private sector.
UNDP country manager Titon Mitra noted that the achievement of the 17 SDGs requires partnership with the private sector.
Last year, the SDGs were adopted by member states of the United Nations as part of the 2030 Agenda for Sustainable Development.
The SDGs are aimed at ending poverty, fighting inequality and injustice, and addressing climate change.
“The private sector already has a privileged position in the partnership. Whether through trade, manufacturing, investment or innovation, companies that employ market-based solutions to global challenges can—and in fact are—providing opportunities for millions of people to lift themselves out of poverty. The bottom line and sustainable development are indeed very compatible,” Mitra said.
PBE executive director Bonar Laureto explained the importance of SDGs and the role of the private sector in achieving these goals.
“In the volatile, uncertain, complex and ambiguous world that we live in, winners and losers in business will be defined by their ability to quickly adapt their business models to meet demands of the society they operate in.
The SDGs [are]a comprehensive framework of the short and medium term must-haves for our society to continue to flourish. The winners of the future will be those that can create business models that contribute to the achievement of the SDGs,” Laureto said.
The online portal of the UNDP and PBE’s SDGs will go live on September 9. It can be accessed at http://sdgreport.thepbe.org.