Sustainable Development Goals

The focus is shifting

We are witnessing an important realignment in the relationship between business and sustainability.

The focus is shifting from a company’s impact on the environment and society to take into account the environment and society’s impact on the company itself.

There is momentum

In 2017, ERM conducted research on climate risk with 120 Chief Financial Officers and Chief Sustainability Officers. We found that companies see the pressing need to develop responses to climate risk, but lack the tools to model future impacts, and to report these with any confidence.

We also apply this approach when working with sectors and companies committed to the SDGs. We have worked with the World Business Council for Sustainable Development to prepare Guidelines for the Sector SDG Roadmaps development and are now working with a number of sectors on their approaches. Our integrated methodology is also effective when working with companies and organizations wanting to deliver and measure their environmental, social and economic impacts through their SDG commitments.

We also apply this approach when working with sectors and companies committed to the SDGs. We have worked with the World Business Council for Sustainable Development to prepare Guidelines for the Sector SDG Roadmaps development and are now working with a number of sectors on their approaches. Our integrated methodology is also effective when working with companies and organizations wanting to deliver and measure their environmental, social and economic impacts through their SDG commitments.

ERM: Bridging the gap

Global market forces are increasingly requiring businesses to balance their planetary and societal responsibilities with the inevitable tensions to meet shareholder commercial expectations.

Recent statements from leading investors, regulators, business leaders and other stakeholders recognize this changing context. Investors are realizing that company risk and growth are increasingly tied to environment, social and governance (ESG) understanding and management. Issues including climate risk, human rights, supply chain management, diversity and safety are on Board agendas more than ever before. These challenges are complex, requiring a depth and breadth of technical expertise to deliver integrated solutions, while contributing to business value.

The Business and Sustainable Development Commission identified the Sustainable Development Goals as a key driver of economic growth – an estimated $12 trillion dollars of new market value. Leading business are at the forefront of product and service innovation that address the Goals while delivering economic growth.

Global market forces are increasingly requiring businesses to balance their planetary and societal responsibilities with the inevitable tensions to meet shareholder commercial expectations.

Responding to stakeholders

We are proud to be a Global Reporting Initiative (GRI) Standards Pioneer. This is our second year of reporting to the GRI Standards: the global best practice for sustainability reporting. This report serves as our Communication on Progress, an annual disclosure to stakeholders on progress made in implementing the Ten Principles of the UN Global Compact in the areas of human rights, labor, environment and anti-corruption.

One of my primary commitments as CEO has been to strengthen our engagement with internal and external stakeholders on issues that are of importance to them. This feedback informs our focus on the issues facing our world and our clients, which has enabled us to prioritize activities within our business strategy.

On behalf of the Executive Committee, I thank our employees for their dedication and hard work throughout the year. From helping our clients, to volunteering with the Foundation and contributing to this report by sharing their stories, insights and photography, our people affirm our company's purpose.

Keryn James
Chief Executive Officer

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