India Inc first in the world to formally adopt UN’s SDG

India Inc. is set to formally adopt the United Nations’ (UN) agenda for the world’s sustainable development and the 17 goals identified for its implementation.

Flash points

Companies to adopt SDG:  Tata Group, the Aditya Birla Group, Reliance, Vedanta, the Adani Group and public sector behemoth Oil and Natural Gas Corporation (ONGC) and several MNCs

Aim of SDG:  SDG aims at broadening the horizon for growth and transformation under the theme of people, planet and prosperity

Implementing agency: UN Global Compact is the implementing agency for SDGs

First to adopt: India Inc. will be the first in the world to adopt the SDGs and implement them at their companies

SDG & MDG:

• SDG- Sustainable Development Growth; MDG- Millenium Development Growth
• SDG- 17 goals; MDG- 8 goals
• SDG will be a evaluated, monitored and reported in a time-bound manner
• MDG was in implementation from 2001-2015

UNGCNI

• UNGCNI– UN Global Compact Network India
• GCNI helps in aligning stakeholders’ practices towards the 10 universally-accepted principles of UNGC in the areas of human rights, labour, environment and anti-corruption
• Their (GCNI)emphasis will be on leveraging partnerships between public and private enterprises to drive the agenda forward

Points to know

• GCNI currently ranks among top 10 country level networks out of 103 local networks
• Convener of UNGCNI– Lalit Gupta
• UNGC global executive director– Lise Kingo