Country for PR: United States
Contributor: PR Newswire New York
Wednesday, September 01 2021 - 21:00
AsiaNet
B Lab report: Companies need to do more to make real progress on the SDGs
NEW YORK, Sept. 1, 2021 /PRNewswire-AsiaNet/ --

Despite declarations of progress, business action and performance on the 
Sustainable Development Goals (SDGs) is not strategic or bold enough to achieve 
them by 2030, as shared in a report ( 
https://c212.net/c/link/?t=0&l=en&o=3276583-1&h=2512197347&u=https%3A%2F%2Fbcorporation.net%2Fsdg-insights-report-2021&a=a+report 
) released today by B Lab, a global network of organizations transforming the 
global economic system.

This report examines usage data from over 1,700 companies that have used the 
SDG Action Manager, B Lab's impact management solution for businesses to make 
progress on the SDGs.

"The 2030 Agenda is ambitious, but necessary in order to realize an economic 
system that benefits all people, communities and the planet," said Dan Osusky, 
Head of Standards and Insights at B Lab. "We hope this report can provide proof 
of tangible steps businesses are taking on the SDGS, direction for targeted 
business action on the most impactful aspects of a business-its business model, 
supply chain and collective action efforts-and signal for the need for both 
more individual action and a broader shift to our economic system to one that 
benefits all stakeholders."

Insights include:

  -- When looking at the percentage of points earned by aspect of the business,
     companies performed better on their internal operations (41%) versus their
     business model (32%), supply chain (30%), or collective action efforts
     (29%).
  -- Among the most frequent goals for improvement set across all SDGs is for a
     business to fundamentally shift their own governance structure to require
     the consideration of stakeholders in their decision making.

This report was developed with generous financial support from Generation 
Foundation, Emmanuel Faber, Canada's International Development Research Centre 
(IDRC), the Bill & Melinda Gates Foundation, and the Robert Wood Johnson 
Foundation.

Full release available here ( 
https://c212.net/c/link/?t=0&l=en&o=3276583-1&h=579427937&u=https%3A%2F%2Fbcorporation.net%2Fnews%2Fb-lab-report-companies-need-do-more-make-real-progress-sdgs-possible&a=here 
).

About B Lab: B Lab is transforming the global economy to benefit all people, 
communities, and the planet. A leader in economic systems change, our global 
network creates standards, policies, tools, and programs for business, and we 
certify companies-known as B Corps-who are leading the way. To date, our 
community includes 280,000 workers in over 4,000 B Corps across 77 countries 
and 153 industries, and more than 150,000 companies manage their impact with 
the B Impact Assessment and the SDG Action Manager. To learn more and join the 
movement, visit www.bcorporation.net. 

SOURCE: B Lab

CONTACT: Beelan Yonas, Global Communications Manager, press@bcorporation.net

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