Strengthen the means of implementation and revitalize the global partnership for sustainable development.
Without a global commitment to the sustainable development goals, they serve as little more than good intentions. The will and cooperation of the United Nations is the backbone that can drive global change.
This also means ensuring fair and continued financial aid, between countries. As of 2016, only six countries met the international target to keep official development assistance above 0.7 percent of gross national income. At the same time, 79 percent of all imports from developing countries enter developed countries duty-free, an imbalance which keeps developing countries struggling for financial independence.
By ensuring financial stability and aid for developing countries, investments in long-term sustainable development have a greater chance of manifesting.
Initiatives to reach this includes a combination of financial and technological efforts, such as the promotion of best-practice measures and technologies.
Likewise, ensuring fair trade between countries can help lift developing countries out of debt.
How are companies working with it:
Johnson and Johnson – Open data: In 2015, Johnson & Johnson announced an extended agreement with the Yale Open Data Access Project to provide access to its portfolio of medical devices products, setting new industry standards by being the first company to do so. Johnson & Johnson is committed to enhanced transparency and increased engagement with stakeholders.(Source: SDG industry matrix – Healthcare & Life Sciences)
DONG Energy – Creating climate partnerships: DONG Energy has established around 100 climate partnerships with businesses, local authorities and public institutions. The company works with its partners to reduce their energy use, to support investments in renewable energy, and to share knowledge. By helping DONG Energy climate partners save energy, they lower both costs and CO2 emissions. The money saved can be wholly or partially spent on certified green power (e.g. offshore wind) to convert all or part of their remaining power consumption with renewable energy. The company’s climate partners include companies such as Novo Nordisk, Daloon, KMD and Tivoli.(Source: SDG industry matrix – Energy, Natural resources & Chemicals)