CSR AND DEVELOPMENT GOALS
During the year of 2015, Sustainable Development Goals (SDGs) were implemented in over 190 countries, it’s goal being to cut back upon poverty and to ensure prosperity, amongst other checkpoints. Ambitious goals, of which were set to be completed by the year 2030; a deadline that approaches with each passing day. However, as pressing as it may be, these goals can be converged with Corporate Social Responsibility (CSR) in order to achieve growth and reach the deadline
By giving out towards the community, to strive to be a better firm; to be socially responsible, a business can cut back upon poverty as a whole. Whenever a firm announces it’s target of enhancing the wellbeing of women and children, while also raising the level of education in impoverished areas; the company is simultaneously completing both CSR as well as contributing to the progress of SDGs. Due to the fact that SDGs are categorised into 17 goals and 169 targets, a firm’s actions taken during CSR might very well help with multiple aspects of the Sustainable Goals.
The benefits that come with successful CSR practices may result in a loop feedback. From improvements and agreements across shareholders to a better public image, with each successful CSR campaign, more and more goals are being met. It is also possible that companies may want to contribute to SDGs as a whole as their form of CSR; meaning that completing and meeting these goals may result in less pressure from the public and shareholders regarding ethical, environmental, and economic factors for the business.
The Sustainable Goals directly align with the true intention of CSR, to be a socially responsible firm. These two intertwine, and possess potential to build a better world for the future of the world we live in.