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United Nations Department of Economic and Social Affairs Sustainable Development

The Sustainable Development Goals Business Index & Sustainable Business

    Description
    Description
    As an international non-governmental organization in special consultative status with the ECOSOC, the Association for Supporting the SDGs for the United Nations (ASD) annually announces the SDGBI that analyzes the corporate sustainability of 3000 companies around the world. The Sustainable Development Goals Business Index (SDGBI) is a Sustainable Development Goals (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 High-Level Political Forum(HLPF). Since 2016, the Association for Supporting the SDGs for the UN (ASD) has been announcing the SDGBI, and recently it has been introduced as a tool of sustainable business engagement and ESG evaluation index.

    Expected Impact

    The SDGBI is designed to rank companies by first evaluating them based on indicators and categorizing the sum of the evaluations according to their criteria. The evaluations are scored on 12 criteria and 45 indicators on a scale of 0 to 100 in four main fields of social, environment, economy, and policy. Businesses are evaluated on their efforts in social responsibility, environmental protection, innovative infrastructure, and so forth. They are then categorized into four groups (Excellent, Superior, Outstanding, Pathfinder) according to their total scores.<br />
    <br />
    A total of 45 indicators are applied to the 5 points Likert Scale (a psychometric response scale in which measures the level of agreement to subjective concepts such as attitude, emotions, and logic) in evaluation. The scores are summed up and calculated into weighted arithmetic mean to determine the rank of major enterprises in different fields. The CES production function (indicating the technical relationship between the input of production elements and output of the products throughout a certain period) is applied to the equation, calculating the composite index of the SDGBI. <br />

    Capacity

    The SDGBI is a business analysis and evaluation index based on the 17 SDGs; it has been announced every October since 2016 by ASD, becoming one of the highly considered standards within the field of the implementation of SDGs and sustainable management. It has been submitted as a written statement (E/2019/NGO/91) at the High-Level Segment of the 2019 High-Level Political Forum.<br />
    <br />
    The 1st, 2nd, and 3rd (2016~2018) SDGBI analyzed 500 Korean corporations. 140 corporations were selected as the final groups. In 2019 and 2020, 3,000 global corporations were analyzed and a total of 473 corporations were evaluated as SDGBI. <br />

    Governed

    2020 SDGBI Global Excellent Group includes NESTLÉ / ALPHABET / TESLA, INC. / HENNES & MAURITZ (H&M) / ADIDAS / KERING GROUP / PFIZER / BLACKROCK / KT. Superior Group includes SK HYNIX / INTEL CORPORATION / SAMSUNG ELECTRONICS / THE COCA-COLA COMPANY / HYUNDAI DEPARTMENT STORE / THE BOEING COMPANY / CJ CHEILJEDANG / ALCOA / LVMH MOËT HENNESSY - LOUIS VUITTON SE etc. Outstanding Group includes OLAM INTERNATIONAL / WALMART / IMPOSSIBLE FOODS / CJ ENM / LENOVO / LINKEDIN / L’OREAL / WALT DISNEY / IBM etc. <br />
    <br />
    2020 SDGBI Excellent Group in Korea includes HYUNDAI ENGINEERING CO.,LTD. / CJ LOGISTICS / HYUNDAI MALL / ILDONG PHARMACEUTICAL CO.,LTD / SK / KOREAN AIR. Superior Group includes BYN BLACKYAK CO.,LTD. / HANSOT / KB KOOKMIN CARD CORP. / KOREA EAST-WEST POWER CO.,LTD / HYUNDAI GREEN FOOD / HANDSOME / HYUNDAI LIVART / CJ OLIVE YOUNG / BIG HIT ENTERTAINMENT / KIM & CHANG / KOREA INCLUSIVE FINANCE AGENCY / CREDIT COUNSELING AND RECOVERY SERVICE. Outstanding Group includes HANSSEM / WOOWA BROTHERS CORP. / MANDO CORP. / LG ELECTRONICS / EVERDIGM etc.<br />
    <br />
    Corporations of the top 2020 SDGBI group are issued an ESG certification from ASD and will be supported with a wide range of opportunities such as ESG finance. <br />

    Partners
    Association for supporting SDGs for the UN

    Goal 8

    Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

    Goal 8

    8.1

    Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
    8.1.1

    Annual growth rate of real GDP per capita

    8.2

    Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

    8.2.1

    Annual growth rate of real GDP per employed person

    8.3

    Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

    8.3.1

    Proportion of informal employment in total employment, by sector and sex

    8.4

    Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead

    8.4.1

    Material footprint, material footprint per capita, and material footprint per GDP

    8.4.2

    Domestic material consumption, domestic material consumption per capita, and domestic material consumption per GDP

    8.5

    By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
    8.5.1

    Average hourly earnings of female and male employees, by occupation, age and persons with disabilities

    8.5.2

    Unemployment rate, by sex, age and persons with disabilities

    8.6

    By 2020, substantially reduce the proportion of youth not in employment, education or training
    8.6.1

    Proportion of youth (aged 15-24 years) not in education, employment or training

    8.7

    Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms

    8.7.1

    Proportion and number of children aged 5‑17 years engaged in child labour, by sex and age

    8.8

    Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

    8.8.1

    Fatal and non-fatal occupational injuries per 100,000 workers, by sex and migrant status

    8.8.2

    Level of national compliance with labour rights (freedom of association and collective bargaining) based on International Labour Organization (ILO) textual sources and national legislation, by sex and migrant status

    8.9

    By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

    8.9.1

    Tourism direct GDP as a proportion of total GDP and in growth rate

    8.10

    Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

    8.10.1

    (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adults

    8.10.2

    Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider

    8.a

    Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries
    8.a.1

    Aid for Trade commitments and disbursements

    8.b

    By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

    8.b.1

    Existence of a developed and operationalized national strategy for youth employment, as a distinct strategy or as part of a national employment strategy

    Goal 17

    Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

    Goal 17

    17.1

    Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection

    17.1.1
    Total government revenue as a proportion of GDP, by source
    17.1.2
    Proportion of domestic budget funded by domestic taxes

    17.2

    Developed countries to implement fully their official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of ODA/GNI to developing countries and 0.15 to 0.20 per cent of ODA/GNI to least developed countries; ODA providers are encouraged to consider setting a target to provide at least 0.20 per cent of ODA/GNI to least developed countries

    17.2.1
    Net official development assistance, total and to least developed countries, as a proportion of the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee donors’ gross national income (GNI)

    17.3

    Mobilize additional financial resources for developing countries from multiple sources

    17.3.1

    Additional financial resources mobilized for developing countries from multiple sources 

    17.3.2
    Volume of remittances (in United States dollars) as a proportion of total GDP

    17.4

    Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress

    17.4.1
    Debt service as a proportion of exports of goods and services

    17.5

    Adopt and implement investment promotion regimes for least developed countries

    17.5.1

    Number of countries that adopt and implement investment promotion regimes for developing countries, including the least developed countries

    17.6

    Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanism

    17.6.1

     Fixed broadband subscriptions per 100 inhabitants, by speed

    17.7

    Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreed

    17.7.1

    Total amount of funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologies

    17.8

    Fully operationalize the technology bank and science, technology and innovation capacity-building mechanism for least developed countries by 2017 and enhance the use of enabling technology, in particular information and communications technology

    17.8.1
    Proportion of individuals using the Internet

    17.9

    Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperation

    17.9.1

    Dollar value of financial and technical assistance (including through North-South, South‑South and triangular cooperation) committed to developing countries

    17.10

    Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development Agenda

    17.10.1
    Worldwide weighted tariff-average

    17.11

    Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries’ share of global exports by 2020

    17.11.1

    Developing countries’ and least developed countries’ share of global exports

    17.12

    Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market access

    17.12.1

    Weighted average tariffs faced by developing countries, least developed countries and small island developing States

    17.13

    Enhance global macroeconomic stability, including through policy coordination and policy coherence

    17.13.1
    Macroeconomic Dashboard

    17.14

    Enhance policy coherence for sustainable development

    17.14.1
    Number of countries with mechanisms in place to enhance policy coherence of sustainable development

    17.15

    Respect each country’s policy space and leadership to establish and implement policies for poverty eradication and sustainable development 

    17.15.1
    Extent of use of country-owned results frameworks and planning tools by providers of development cooperation

    17.16

    Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries

    17.16.1

    Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the Sustainable Development Goals

    17.17

    Encourage and promote effective public, public-private and civil society partnerships, building on the experience and resourcing strategies of partnerships 

    17.17.1

    Amount in United States dollars committed to public-private partnerships for infrastructure

    17.18

    By 2020, enhance capacity-building support to developing countries, including for least developed countries and small island developing States, to increase significantly the availability of high-quality, timely and reliable data disaggregated by income, gender, age, race, ethnicity, migratory status, disability, geographic location and other characteristics relevant in national contexts

    17.18.1

    Statistical capacity indicators

    17.18.2
    Number of countries that have national statistical legislation that complies with the Fundamental Principles of Official Statistics
    17.18.3

    Number of countries with a national statistical plan that is fully funded and under implementation, by source of funding

    17.19

    By 2030, build on existing initiatives to develop measurements of progress on sustainable development that complement gross domestic product, and support statistical capacity-building in developing countries

    17.19.1
    Dollar value of all resources made available to strengthen statistical capacity in developing countries
    17.19.2

    Proportion of countries that (a) have conducted at least one population and housing census in the last 10 years; and (b) have achieved 100 per cent birth registration and 80 per cent death registration

    Name Description
    The 2016 Sustainable Development Goals Business Index (SDGBI)
    The 2018 Sustainable Development Goals Business Index (SDGBI)
    Publication of the NSD's Comprehensive Policy Report
    Staff / Technical expertise
    Member of the Steering Committee, Researcher, Consultant, Industrialist, Journalist
    No progress reports have been submitted. Please sign in and click here to submit one.
    False
    This initiative does not yet fulfil the SMART criteria.
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    Timeline
    01 September 2015 (start date)
    01 December 2030 (date of completion)
    Entity
    Association for supporting the SDGs for the UN
    SDGs
    Geographical coverage
    Seoul, Republic of Korea
    More information
    Countries
    N/A
    Contact Information

    Jung Hoon Kim, Representative