We have been monitoring the extent of corporate Australia’s commitment to the SDGs since 2018, based on disclosures in their annual reports. But business committing and acting on them is fundamental for the transformational investments and new markets needed to promote more sustainable practices.

The SDGs were originally intended for governments. On the goal of climate action (SDG13), one of the five targets is to integrate climate change measures into policies, strategies and planning. This framework of 17 goals was adopted by the United Nations in 2015 to provide a uniform approach to defining and measuring progress on things such as eliminating poverty and discrimination, improving health and well-being, and achieving economic progress without harming the environment.Įach of the goals has a set of targets to measure achievement by 2030 (there are a total of 196 targets). These findings on corporate climate action are part of a broader research project by RMIT University and CPA Australia into action by Australian companies on the Sustainable Development Goals (SDGs). That means just 55 have committed to zero emissions by 2050. Another eight companies did not set a time frame (which arguably makes the commitment meaningless). Of those 46 companies aiming for net-zero, 38 declared commitment to achieving net-zero by 2050 and 15 of them disclosed their intention to become carbon neutral by 2030. But there’s still a long way to go in showing evidence of tangible progress.īased on disclosures made in companies’ 2020 annual reports, our research shows 17 reported having achieved carbon neutrality while 46 have either declared commitment or an intention to achieve net-zero emissions. Our research on Australia’s 150 biggest public companies supports the Business Council’s claim that commitments are growing. South Australia's not-for-profits are an economic and social powerhouse Search All categories

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