The 2030 Sustainable Development Goals (SDGs), also known as the Global Goals, reflect the multiple challenges our world faces today and represent a blueprint for social, economic and environmental sustainability. Meeting these goals is expensive and requires considerable acceleration in policy support and capital mobilization from governments and the private sector. The active leadership of the latter is especially critical as current estimates of public sector support hover around only $2 trillion, relative to $30 to $45 trillion required by 2030.
But what exactly does it mean for businesses to help achieve the SDGs? To get to the bottom of this, I review Marga Hoek’s book, The Trillion Dollar Shift, which discusses how business and capital can have a positive impact on the SDGs, while also improving their competitiveness.
The book is organized into 10 chapters. In this post, I look at the first two chapters, which talk about businesses’ role in the trillion dollar shift required for the realization of the SDGs. I then zoom in on chapter 9, which talks about climate action and how businesses’ energy choices and use of resources directly impact the climate. I provide background on The Trillion Dollar Shift, highlight some important themes of the book and conclude with some key takeaways.