{"id":5605,"date":"2021-10-27T09:20:17","date_gmt":"2021-10-27T07:20:17","guid":{"rendered":"https:\/\/escp.eu\/thechoice\/?p=5605"},"modified":"2023-03-14T15:56:12","modified_gmt":"2023-03-14T13:56:12","slug":"integrating-sustainable-development-goals-within-companies-strategies-and-corporate-reporting","status":"publish","type":"post","link":"https:\/\/escp.eu\/thechoice\/choose-to-lead\/integrating-sustainable-development-goals-within-companies-strategies-and-corporate-reporting\/","title":{"rendered":"Integrating Sustainable Development Goals within companies\u2019 strategies and corporate reporting"},"content":{"rendered":"\n

The United Nations General Assembly promoted the publication of seventeen Sustainable Development Goals<\/a> (SDGs) to deal with the massive global economic, social and environmental challenges and uncertainties the world is facing, which require unprecedented and cohesive actions from citizens, governments and organizations.<\/p>\n\n\n\n

In this context, organizations have to face the challenge of turning policies into action and take a more consistent approach to sustainable issues by conducting robust impact assessment and reporting their performances<\/mark>. They are expected to provide insightful information beyond their annual key financial data, with the aim of offering an account of their ongoing attempts made to integrate competitive strategies and SDGs.<\/p>\n\n\n\n

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Integrated reporting represents a promising approach to disclose organizations\u2019 journey towards the integration of SDGs within their business models<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n

Among the most diffused accounting and reporting practices, integrated reporting<\/a> (IR) represents a promising approach<\/a> to disclose organizations\u2019 journey towards the integration of SDGs within their business models. Developed and promoted by the International Integrated Reporting Council (IIRC), it is based on the connectivity and interdependencies between a range of capitals (financial, manufacturing, human, intellectual, social and relationship, and natural) that affect an organization\u2019s ability to create value and be sustainable. In particular, IR funds its basis on the concept of Integrated Thinking and aims at offering an engagement platform to support companies in addressing and delivering SDGs<\/strong> by facilitating the alignment of strategy and business model with sustainable development issues.<\/p>\n\n\n\n

Integrating SDGs into reporting processes: the cases of PepsiCo and City Developments Limited<\/strong><\/h4>\n\n\n\n

The experience of PepsiCo and City Developments Limited illustrates how IR and SDGs can support organizations in defining risks, prioritizing activities and developing clear and successful strategies for better and more holistic approaches to sustainable development and value creation<\/mark>.<\/p>\n\n\n\n

The case of PepsiCo: mapping corporate strategy with the SDGs<\/em><\/strong><\/p>\n\n\n\n

PepsiCo<\/a> is an American leader in the food and beverage industry that sells products in more than 200 countries. PepsiCo\u2019s attention to sustainable development started in 2006 when the company launched its \u2018Performance with Purpose\u2019 (PwP) strategy, aimed at expanding the organization\u2019s portfolio of more nutritious products, shrinking their environmental footprint, acting as a good global citizen and working to improve employees\u2019 and their families\u2019 working and living conditions<\/strong> (See Figure 1).
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Figure 1 – Performance with Purpose (Source: PepsiCo GRI 2015 Report)<\/figcaption><\/figure><\/div>\n\n\n


More recently, the company decided to align its PwP strategy with the most relevant SDGs impacted by its traditional activities. In particular, PepsiCo\u2019s integrated Sustainability Report 2017 identified, for each of the three key strategic goals, the seven SDGs it directly impacts and provided examples of the actions implemented in the company\u2019s daily activities (see Figure 2).<\/p>\n\n\n

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Figure 2 \u2013 <\/strong>Aligning PwP with the SDGs (Source: PepsiCo Sustainability Report 2017)<\/figcaption><\/figure><\/div>\n\n\n


The case of City Developments Limited: determining the connectivity between capitals and SDGs<\/em><\/strong><\/p>\n\n\n\n

City Developments Limited<\/a> (CDL) is a multinational real estate company listed on the Singapore Stock Exchange. It operates in more than 100 locations and 28 countries around the world. Its investment portfolio comprises residences, offices, hotels, serviced apartments and shopping malls, totalling over 18 million square feet of floor area globally.<\/p>\n\n\n\n

In 2015, CDL was one of the first organizations in Singapore that developed an integrated report<\/strong>. Further, in 2017, the organization promoted a sustainability blueprint guide labelled CDL Future Value 2030<\/a>. It is based on the six capitals promoted by the IIRC Framework<\/a> and is also aligned with 13 of the 17 SDGs promoted by the United Nations. In particular, the CDL blueprint aims to:<\/p>\n\n\n\n