A 2017 WWF/ISEAL joint report finds that credible sustainability standards are key to achieving the 2030 Sustainable Development Goals (SDGs) – and they have become part of mainstream understanding of what it means to do good business.
Strong support is given to the role standards and certification systems play in sector-wide transformation of sustainable practices and business models, in particular in terms of:
- Security of supply and increased resilience.
- Consumer confidence and reduced reputational risk.
- Increased transparency around sustainability practices.
The private sector has a responsibility to lead the way on sustainability, playing a key role by addressing social and environmental issues in their supply chains. Investing in meeting the SDGs can unlock new markets and opportunities and secure a company’s long-term prosperity. A growing number of CEOs recognize sustainability not as a ‘nice to have’ but a cornerstone of business success.
While ambitious sustainability goals and effective strategies to achieve these at the individual company level remain vital, sector-wide transformation can only happen through the sort of collective action that credible standards encourage.
Credible standards, like UTZ, provide guidance on what better production looks like in a concrete and practical way. In doing so, a standard typically contributes to a number of SDGs, and at the same time brings real business benefits such as enhanced market access, better contract terms and direct price premiums to suppliers.
Read the full report here or find out how UTZ can help scale-up your companies’ sustainability efforts.