September 2015 saw the United Nations introduce its 17 Sustainable Development Goals or SDGs. Nearly a year later, the Environmental Audit Committee is taking evidence on implementing the SDGs – is a sustainable development law the answer?
India was the first country in the world to introduce sustainability and CSR legislation in 2014, which requires businesses with annual revenues of more than 10bn rupees (Â£105m) to give away 2% of their net profit to charity.
Areas they can invest this money in include education, poverty, gender equality and hunger – all of which are among the 17 SDGs.
Given that awareness of the SDGs among British businesses is low – especially SMEs – is there are case to be made for a change to company law here that compels them to embrace SDG approaches?
We’ve asked the British Chambers of Commerce, Institute of Directors and the Federation of Small Businesses for their views as three of the biggest business representative groups in the UK, but we’d like to know what businesses think.
Please let us know with this quick poll.
Let us know if you have any further thoughts and observations in the comments below.