Created by Paul and former UN Deputy Secretary General Mark Malloch-Brown, the Commission of business, labour and civil society leaders aims to encourage businesses to take the lead in poverty reduction and sustainable development. It will work over the next year to articulate and quantify the compelling economic case for businesses to engage in achieving the Sustainable Development Goals [link] (SDGs), also known as the Global Goals. This includes:

  • Significant economic rewards - through new markets, investment opportunities and innovations - if the world tackles the challenges of poverty, inequality and environmental stress
  • Risks to business performance and stability, and increased fragmentation, resource competition and fragility, if the world fails to address these risks
  • The necessity to work with governments, international organisations and civil society in order to build a future where businesses can perform - with inclusive, sustainable growth and widespread job creation.

The Commission will present a report in a year's time outlining new business and financial models, as well as market opportunities for companies who are investing in sustainable approaches.

Paul says: 'There is no business case for enduring poverty. We have an opportunity to unlock trillions of dollars through new markets, investments and innovation. But to do so, we must challenge our current practices and address poverty, inequality and environmental challenges. Every business will benefit from operating in a more equitable, resilient world if we achieve the Sustainable Development Goals.'

Hindustan Unilever Limited issued this content on 21 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 23:13:30 UTC

Original Document: https://www.hul.co.in/news/news-and-features/2016/new-global-commission-puts-business-at-heart-of-sustainable-development.html