Sustainable Development Goals - South Africa focus

Why do SDGs matter to business?

The Global Goals are complex; and so is your business. “Where to start?” is a question we hear a lot. But pressure to engage will only increase over time – pressure from your customers, your buyers, and the governments of the countries you operate within. All will want you to evidence how you help or hinder the achievement of the Global Goals, and hear what you’re doing about them.

So the Global Goals Commonwealth Sustainable Business Challenge could be the catalyst you’re looking for. Your business’ impact on the Global Goals could shape its long-term strategy, support your dialogue with your stakeholders, and help to maintain or secure your licence to operate. They are also a new framework to identify opportunities in new markets or create a demand for new or alternative products, and to expose risks too.

But, when your strategy is so important to the achievement of the Global Goals, what is your Board thinking about them? A robust Board discussion on Global Goals is the first step to defining strategy and making change happen.

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Key findings

Key findings


Key findings

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What risk has risen to the top of identified global risks presented by the World Economic Forum (WEF)?

Failure of climate change mitigation and adaptation is -

  • No. 1 of the Top 10 regarding impact of a global risk
  • No. 3 of the Top 10 for likelihood of the risk materialising

What does this mean for business?

At the end of 2015, a big shift from business as usual was achieved with the signing of the Paris Agreement at COP21. The agreement indicated that all 195 countries planned to be more ambitious in their climate efforts. With the climate agreement taking effect in 2020, governments will likely implement new requirements for reporting on climate issues, with additional mitigation and adaptation measures being rolled out.

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What should you do about climate-related risk?

  • Climate risk often translates into business risk.
  • Implement robust measurement and reporting systems for carbon emissions, accompanied by appropriate carbon management strategies to help manage the exposure to carbon risk.
  • Management, employees, suppliers and industry peers need to work together to find innovative solutions.
  • Look for growth opportunities when responding to climate change challenges.

How can governments and organisations minimise the impact of climate change, lower their risk, adapt to the change, and take advantage of the opportunities that are available?

Vulnerability assessments help to scope the most serious risks using indices of climate exposure, hazard intensity and environmental outcomes.

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Businesses: What actions do you think your business will be taking within the next five years to implement the SDGs?

Bar graph elaborating Sustainable Development Goals

Contact us

Jayne Mammatt
Partner, PwC South Africa
Tel: +27 (0)11 797 4128

Chantal van der Watt
Senior Manager, PwC South Africa
Tel: +27 (0)11 797 5541

Jaco Viviers
Manager, PwC South Africa
Tel: +27 (0)11 287 0826

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