• Planet: to protect the planet... through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations; Chris Vetrano . Examples of these new goals include: Sustainable development cannot be thrust upon by an external agent -- whether it is the World Bank, the United Nations or the forestry department of a government -- simply because it believes, at any point in time, that it has learnt all the lessons there are to learn. This is why economies such as the USA need to pay close attention to the agenda as the USA (alongside the other 192 economies that signed the Sustainable Development agreement) will now be measured against how well it achieves the goals. For example, 700 million fewer people live in extreme poverty conditions in 2010 than in 1990. A new sustainable development agenda that is based on human rights and is people centred must frame and reinforce the right of all children to a life free from violence. For Vice President Weeramantry, this balancing function was the essential role of sustainable development, 89 and the Court used it as a mechanism for ‘bridging two views without necessarily having to provide close reasoning as to method or outcome’. Dean and Professor @ The Drucker School of Management, Sign up for membership to become a founding member and help shape HuffPost's next chapter. Today is National Voter Registration Day! In this post, I will discuss what the sustainable development agenda covers and why it matters. I went to Bonn to learn about the goals and, in particular, make linkages to management practice. ©2020 Verizon Media. For example, the Sustainable Development agenda extends the 2000 Millennium Development Goals, which were designed to eradicate extreme poverty and improve the health and welfare of the world's poorest people by 2015; it complements the 2015 Paris Agreement on Climate Change. Pillar Nonprofit Network 67,979 views Sustainable development is needed to balance different, and often competing, needs against an awareness of the environmental, social and economic limitations we face as a society. As “Partnerships for the Goals”, it is the goal that helps you get to the other 16. Below are excerpts from the descriptions of the five themes: • People: to ensure that all human beings can fulfil their potential in dignity and equality and in a healthy environment; The Sustainable Development Goals, also known as the Global Goals, are a call from the United Nations to all countries around the world to address the great challenges that humanity faces and to ensure that all people have the same opportunities to live a better life without compromising our planet. Another phenomenon is that of the rising global middle class, which is predicted to increase from 1.8 billion people in 2009 to 3.2 billion by 2020 and 4.9 billion by 2030. For example, eradicating poverty is accompanied by more intensive farming methods; the rising middle class leads to more industrialization and/or growing cities. Why is sustainable development essential? There can be no sustainable development without peace and no peace without sustainable development; Issues of implementation were largely overlooked in, e.g., the Millennium Development agenda. That is economic growth should be repositioned as the means to the end, rather than the end in and of itself. Here are just four of the reasons why: 1. What architects call "the built environment" should not harm the Earth or deplete its resources. For example, a prosperous society relies on a healthy environment to provide food and … • Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all; and As the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognizing the need to act on sustainability. Eradicating poverty is seen as an "indispensable requirement of sustainable development." Thus, sustainable development recognizes that growth must be both inclusive and environmentally sound to reduce poverty and build shared prosperity for today’s population and to continue to meet the needs of future generations. Sustainable development has continued to evolve as that of protecting the world’s resources while its true agenda is to control the world’s resources. What do the Sustainable Development Goals cover? That kind of multi-stakeholder process is essential for tackling the complex challenges of sustainable development and the fight against poverty, hunger, and disease. "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Kennedy himself demonstrated leadership through goal setting a half-century ago in his quest for peace with the Soviet Union at the height of the Cold War. 7 minute read 9 Mar 2017 . This might be because younger generations (e.g., Millennials and Generation Z) care less about consumption and more about the planet than generations before them. In fact, by 2030 Asia will represent 66% of the global middle-class population and 59% of middle-class consumption, compared to 28% and 23%, respectively in 2009. Sustainability is the foundation for today’s leading global framework for international cooperation — the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs). Show resources. Well said my friend…I have nothing to add BrendanBarrett. This process is only sustainable if it can keep going indefinitely into the future. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The three pillars of sustainable … Why Kerala has a better human development ranking than Punjab in spite of lower per capita income ? • In addition, economic growth in high income countries has slowed. The definition of sustainable development that is used by the UN is: "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.". In addition, a number of the Sustainable Development Goals are new and relate to implementing the sustainable development agenda. Suggest also two measures to ensure sustainable development. But it is also important to put the concept of global warming into current context. Why is sustainable development essential ? In September 2015, the United Nations achieved international agreement for its 2030 Agenda on Sustainable Development. (ii) Resources must be used in such a way that something is conserved for future generations. Now, our planet is home to 7.2 billion people and GDP has grown by about 4000%. EY Global. • Since not all growth is sustainable, countries and organizations should consider the economic consequences of lower growth targets as they balance these against environmental and social considerations. • Innovation has both positive and negative consequences. There are growing fears that current levels of economic development are not sustainable. Sustainable development is a general belief that all human endeavors should promote the longevity of the planet and its inhabitants. Why Kerala has a better human development ranking than Punjab in spite of lower per capita income. Sustainable development is important for economic growth because: (i) Environment must be conserved while development is taking place. Why is sustainable development on the radar now? Climate change was first introduced back in 1896 when Svante Arrhenius predicted that emissions of carbon dioxide due to the burning of fossil fuels and other combustion processes were large enough to cause global warming. How is the Sustainable Development Agenda different to other agendas such as the Millennium Development Declaration? Women are part of the solution Where women are already playing a crucial role in developing sustainable development solutions, their contributions are often not recognised. (iii) The standard of living of all people must be raised. By EY Global. Sustainable development is important for economic growth because: (i) Environment must be conserved while development is taking place. Other agreements such as the Millennium Development Agenda or the Paris Agreement on Climate change tend to focus on one of the three components of sustainable development: economic, social or environmental, whereas the SDGs take into account the relationships between these three components. Most growth will come from Asia. Again, tradeoffs need to be made. This is why the Sustainable Development agenda compliments and extend other agreements. Another defining characteristic of the Sustainable Development Agenda is that it is intended to apply to all economies, not just the world's poorest. Important conversations are happening now. As the discussion above indicates, a sustainable development agenda requires tradeoffs across three components: economic, social and environmental. Add your voice. • Partnership: to mobilize the means required to implement this Agenda through ... the participation of all countries, all stakeholders and all people. Cover design and graphics by Camilo J. Salomon The agenda identifies 17 Goals and 169 targets to address a number of economic, environmental, and social concerns facing the world today. Environmentally sustainable economic growth refers to economic development that meets the needs of all without leaving future generations with fewer natural resources than those we enjoy today. Related topics Climate change and sustainability Sustainable development goals Climate-related reporting Infrastructure. Why do we use averages to compare the development of countries? UN Sustainable Development Goals (SDGs): What They Are & Why They're Important - Duration: 17:38. Explain the importance of sustainable development by giving the example of ground water. Achieving sustainable development requires tradeoffs Aside from the relationships between social, economic, and environmental concerns, what else does the Sustainable Development Agenda spotlight? Innovation also ensures organizational and community sustainability. Give three reasons. For example, innovation can be directed at productivity improvements, some of which can deplete natural resources, or new product development, some of which results in over-consumption. • Goal 9: Build resilient infrastructure, promote sustainable industrialization and foster innovation. Development Report 2019:The Future is Now Science for Achieving Sustainable Development, – (United Nations, New York, 2019). There are 17 Goals that cover five key themes. What Is Sustainable Development? Not only has the population grown, but defining characteristics of the population have changed. (ii) Resources must be used in such a way that something is conserved for future generations. Why do people look at a mix of goals for development? Sustainability is a paradigm for thinking about the future in which environmental, societal and economic considerations are balanced in the pursuit of an improved quality of life. The goals of sustainable development cannot be achieved when there is a high prevalence of debilitating illnesses, and population health cannot be maintained without ecologically sustainable development. Why Sustainable Development Goals should be in your business plan. People are aware that the food they eat is an important factor affecting their health, but what is less well known is the impact producing and consuming food has on the world's resources. 1.4K views Therefore, not only do organizations need to pay attention to the Sustainable Development Goals, and the tradeoffs they require, but also slower economic growth might well be the new normal. • While economic growth gives people and organizations more choices, measures of economic growth should be considered alongside people-centric measures such as human capital development, inclusivity, happiness or well-being, and environment-centric measures such as reducing the carbon footprint. Why is sustainable development essential for economic growth? Measures to ensure sustainable development: (i) We should focus on using renewable resources and keep inventing new techniques to decrease the use of conventional resources. (ii) The present resources must be used judiciously, with planning, and over exploitation should be avoided. It is efficient with resources and carefully planned to deliver both immediate and long-term benefits for people, the planet, and prosperity. I personally came away with a few other insights that will shape my work in this space: That will surely be a process towards unsustainable development. Sustainable development is part of the equation, for sure, but to live up to its promise I think efforts must be made to step back and take a wider view of who we are, what stories we’re living by, and what assumptions we must shed if we are to arrive at our goal of true sustainability. A key focus is the impact economic growth has had on the environment - in particular human activity that has caused an uptick in greenhouse gases such as methane or CO2, which in turn have caused the atmosphere to retain heat. • Peace: to foster peaceful, just and inclusive societies which are free from fear and violence. In order to cope with the rapid pace of change and increased uncertainty, sustainability must be seen as a process, rather than a singularly defined end point to be achieved. New widely-supported paper shows education is a catalyst for the proposed post-2015 Sustainable Development Goals. As a result, sustainability is now an essential ingredient for a company's long-term success and we have been able to provide solid evidence for this in a rigorous empirical study. Sustainability means that we steer clear of natural disasters as well - and lack of such action would essentially mean that we need to spend more to address such issues as well. 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