Costanza Consolandi and Robert G. Eccles, founding chair of SASB, wrote a blog post for the MIT Sloan Management Review about how leveraging SASB could help companies and investors overcome the challenges associated with supporting the Sustainable Development Goals (SDGs).
The authors wrote: “Companies and investors are being asked to support the 17 Sustainable Development Goals (SDGs) for 2030 — what some have described as ‘the closest thing the Earth has to a strategy’— since the public sector alone does not have the resources to do so. At the same time, companies must create value for their shareholders to create the returns they need for their ultimate beneficiaries. In essence, both are being asked to do good and do well at the same time.”
They added: “While SASB’s industry-level KPIs represent a company’s ESG outcomes, these outcomes also have an impact on organizations and people outside the company, which to varying extents contribute to SDGs. Thus, a relationship between ESG outcomes and SDG impacts exists via the concept of materiality.”
Read the full blog post here.