United NationsDepartment of Economic and Social Affairs Sustainable Development

SDGs Business Index (SDGBI)

    Description
    Intro

    The Association for Supporting the SDGs for the UN (ASD) is an international non-governmental organization established in 2011 as a special consultative status with Economic and Social Council (ECOSOC). ASD is committed to build networks on SDGs (Sustainable Development Goals) implementation among the government, the National Assembly of the Republic of Korea and the major global corporations. We annually publish the Sustainable Development Goal Business Index (SDGBI) of approximately 2000 major corporations. In particular, the index is closely used to analyze the environmental, social, and economic sectors of the enterprises and promotes them to create concrete strategies for achieving the SDGs.

    Description

    Based on the four main fields (Social, Environment, Economy, Policy) that compose the SDGs, the SDGBI is calculated by 12 criteria and 45 indicators which aims to encourage the diverse multi-stakeholders to achieve a more sustainable future for all. The social sector includes elements such as the eradication of poverty, education, gender equality, reduction of poverty in all social classes and social justice. The Environment sector includes climate change, greenhouse gas, life, water, preservation of environmental resources and factors related to renewable energy. The Economic sector involves job creation, labor-management relations and sustainable production and consumption which contributes to the field of enterprises. The Institution sector encompasses circumstances such as social development and the government, the National Assembly, cooperative efforts with the international society.

    Contribution to SDG Implementation

    Due to the fact that the social and economic environment of each country in which a company is established is different, the SDGBI is calculated and published individually based on 17 SDGs' goals. The SDGBI is set in accordance with the UN SDGs and analyzes the ESI/EPI, SDI, BITC, Fortune 500, KSIC based on the UN-Business Action Hub, DART (Data Analysis, Retrieval and Transfer System) and major contributions to non-governmental organizations. We are contributing to spread the implementation and follow up of the SDGs Agenda.

    Implementation methodologies

    The SDGBI is the world’s first Index ranked based on the review of SDGs-based. Corporate Sustainability Analysis Index for global corporations submitted as a written statement (E/2019/NGO/91) at the High-Level Segment(HLS) of the 2019 HLPF. Since 2016, the ASD has been announcing the SDGBI. The ASD promotes the “Sustainable Development Goals” on the next-generation global project for humanitarian development, developing capability, and fostering this issue in cooperation with enterprises, government, main social leaders, and congressmen. With the launch of the SDGs as a UN-led development agenda in 2015, the biggest challenge in implementing the SDGs is its difficulty to raise funds. For example, about $ 3.3 trillion to $ 4.5 trillion of an annual budget is required to fully implement the SDGs. However, the SDGs budget promised by each country is often rejected by the National Assembly in many countries. The reason is that the budgets for the SDGs implementation have a lower priority than the budgets needed for an internal situation in the countries. This is why the participation of corporations that directly influence the regions, classes, and gender in the financial aspect is essential. Corporations build infrastructures around the world to produce and distribute goods and services, which make an impact on both mankind and the global environment. In order for the corporates to participate in the SDGs, an accurate analysis is first required to determine how the corporation will participate in accordance with the characteristics of each entity.

    Results

    Currently, ASD has collaborated with 50 leading global enterprises in 17 different countries as partners and have conducted more than 20 campaigns related to housing, the movement of population, financial responsible investment, women, children, poverty, urban slumming, water and sanitation, green environment, livestock and agriculture, fashion, health, fine dust, and more. Also, conducted $3.78 billion scaled SDGs projects with 50 member corporations (the scale of the SDGs projects that were conducted in collaboration with member corporations and the ASD for 7 years ‘$3.78 billion’ equivalent to 151st top GDP in the world). Through the SDGs network, ASD cooperates in various ways with major global leaders around the world to articulate actions by different stakeholders and to create synergies in society.

    Factors and Constraints

    Since SDGs were established at the UN in 2015, civil society and the government have understood and participated in this common goal of the global community. However, companies and industries are still not fully involved in the implementation of spreading the SDGs in their industries. While SDGs are likely to have more public-interest goals, the private sector focuses on making more profits. The SDGBI represents that the role of corporations is significantly important to deal with global issues. The association encourages many companies in various sectors to proactively respond to climate change, ethical issues, and social inequality.

    Sustainability and replicability

    ASD creates a sustainable chain by bringing companies together, national assembly and the media. If a company participates in a good sustainable model, it certifies and deals with its importance. When it becomes public, the National Assembly promotes the law and allows the entire society to establish a sustainable system. ASD has been actively introduced to various committees of the United Nations as an economic and social consultative body. In other words, the association guides the way to get engagements with multi-stakeholders including companies, the media, and the National Assembly. We represent a sustainable model to the United Nations.

    COVID-19 Impact

    As COVID-19 sweeps across the world, local, national and global economies are being negatively impacted by the unpredictable crisis of this pandemic. From March to May of 2020, ASD had donated N95 masks to the UNESCAP when COVID-19 was the most prevalent. During this time, international shipping was close to impossible due to closed border restrictions. Nevertheless, the association had been producing and supplying N95 masks with partnered Multi-National Companies (MNCs), and donated 30,000 masks to the United Nations Economic and Social Commission for Asia and the Pacific, and over 30,000 to nations in the Asia Pacific region. With this achievement, the association was designated as a Business Partner for donation by the United Nations Economic and Social Commission for Asia and the Pacific in June. It strengthens the means of implementation and revitalizes the global partnership for sustainable development during the unexpected crisis.

    Contact Name
    Junghoon
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    Organization/entity
    The Association for Supporting the SDGs for the UN (ASD)
    SDGs
    Geographical coverage

    Asia, North America, Oceania

    Timeline
    10 October 2016 (start date)
    14 October 2030 (date of completion)
    More information
    Countries
    Republic of Korea
    Republic of Korea
    Partnership
    N/A
    Contact Information

    Junghoon, Sustainable Development Goals Business Index (SDGBI) by the Association for Supporting the SDGs for the UN (ASD)