TechTalk Blog -- THE UNITED NATIONS' SUSTAINABLE DEVELOPMENT GOALS (SDGS) & THE DEVELOPMENT OF SUSTAINABLE ACCOUNTING

By David Colgren posted 03-08-2017 05:51 PM

  

Just came back from an accounting conference in London about the United Nation’s Sustainability Development Goals. Management accountants are going to hear more about this global effort and their involvement as this moves toward global adoption in the capital markets and by governments around the world.

 First a little history about Sustainability Development Goals and how the UN took this challenge…

On 19 July 2014, the UN General Assembly's Open Working Group (OWG) on Sustainable Development Goals (SDGs) forwarded a proposal for the SDGs to the Assembly. The proposal contained 17 goals with 169 targets covering a broad range of sustainable development issues. These included ending poverty and hunger, improving health and education, making cities more sustainable, combating climate change, and protecting oceans and forests.[3] 

On 5 December 2014, the UN General Assembly accepted the Secretary-General's Synthesis Report which stated that the agenda for the post-2015 SDG process would be based on the Operating Working Group proposals.[4]

The Intergovernmental Negotiations on the Post 2015 Development Agenda (IGN) began in January 2015 and ended in August 2015. Following the negotiations, a final document was adopted at the UN Sustainable Development Summit September 25–27, 2015 in New York, USA.[5] 

The title of the agenda is Transforming our world: the 2030 Agenda for Sustainable Development.[6][7]  
(WIKIPEDIA)
What does all this mean for sustainability accounting?

Great article on using the UN SDGs as a means of creating a universal impact investment framework that is shaping the global capital markets approach to deal with major issues – such as climate change, poverty, war, hunger, justice, health facing humanity as we move toward a planet with more than 10 billion people by 2050. Today we are at 7.5 Billion people living on the planet earth.

 Stay tuned as we learn more about these goals – how they are integrated into sustainability accounting and how stakeholders within both the business and government communities adopt them to both save and improve lives of billions of people.

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