The Sustainable Development Goals and the Financial Services Industry

The Sustainable Development Goals (SDGs), agreed at the United Nations General Assembly in 2015, embrace an ambitious and wide-ranging set of global environmental, social and economic targets. They are chiefly designed to promote the transition to a more viable future. The United Nations called on a...

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Main Authors: Peter Jones, David Hillier, Daphne Comfort
Format: Article
Language:English
Published: Athens Institute for Education and Research 2017-01-01
Series:Athens Journal of Business & Economics
Subjects:
Online Access:https://www.athensjournals.gr/business/2017-3-1-3-Jones.pdf
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author Peter Jones
David Hillier
Daphne Comfort
author_facet Peter Jones
David Hillier
Daphne Comfort
author_sort Peter Jones
collection DOAJ
description The Sustainable Development Goals (SDGs), agreed at the United Nations General Assembly in 2015, embrace an ambitious and wide-ranging set of global environmental, social and economic targets. They are chiefly designed to promote the transition to a more viable future. The United Nations called on all governments to pursue these ambitious goals but also acknowledged the important role of the business community in addressing the SDGs. The present report provides an outline of the SDGs and of the efforts being made to encourage business engagement. It also comments on the challenges the financial services industry potentially faces in attempting to contribute to the SDGs. It is suggested that leading financial services companies should be required to identify and measure their contributions to the SDGs, integrate their achievements into sustainability reporting processes and commission comprehensive external monitoring. Finally, fundamental concerns regarding the contradicting trends of sustainability and continuing economic growth are highlighted.
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spelling doaj.art-c6abf38f53e645019f9305bb42cc80472022-12-21T20:19:28ZengAthens Institute for Education and ResearchAthens Journal of Business & Economics2241-794X2017-01-0131375010.30958/ajbe.3.1.3The Sustainable Development Goals and the Financial Services IndustryPeter Jones0David Hillier1Daphne Comfort2Professor of Management, The Business School, University of Gloucestershire, UKEmeritus Professor, Centre for Police Sciences, University of South Wales, UKResearch Administrator, The Business School, University of Gloucestershire, UKThe Sustainable Development Goals (SDGs), agreed at the United Nations General Assembly in 2015, embrace an ambitious and wide-ranging set of global environmental, social and economic targets. They are chiefly designed to promote the transition to a more viable future. The United Nations called on all governments to pursue these ambitious goals but also acknowledged the important role of the business community in addressing the SDGs. The present report provides an outline of the SDGs and of the efforts being made to encourage business engagement. It also comments on the challenges the financial services industry potentially faces in attempting to contribute to the SDGs. It is suggested that leading financial services companies should be required to identify and measure their contributions to the SDGs, integrate their achievements into sustainability reporting processes and commission comprehensive external monitoring. Finally, fundamental concerns regarding the contradicting trends of sustainability and continuing economic growth are highlighted.https://www.athensjournals.gr/business/2017-3-1-3-Jones.pdfsustainable development goalsbusiness engagementfinancial services industryeconomic growth
spellingShingle Peter Jones
David Hillier
Daphne Comfort
The Sustainable Development Goals and the Financial Services Industry
Athens Journal of Business & Economics
sustainable development goals
business engagement
financial services industry
economic growth
title The Sustainable Development Goals and the Financial Services Industry
title_full The Sustainable Development Goals and the Financial Services Industry
title_fullStr The Sustainable Development Goals and the Financial Services Industry
title_full_unstemmed The Sustainable Development Goals and the Financial Services Industry
title_short The Sustainable Development Goals and the Financial Services Industry
title_sort sustainable development goals and the financial services industry
topic sustainable development goals
business engagement
financial services industry
economic growth
url https://www.athensjournals.gr/business/2017-3-1-3-Jones.pdf
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