Issues & Obstacles

The key role of business

  • Aging, degraded or non-existent infrastructure makes conducting good business challenging. Business relies on materials, resources, labor and service support from all corners of the world and the ability to access them efficiently is key to establishing new markets. Computing and technology-based skills are of significant value to most businesses today, and consumers of common goods and services live on every continent. However, basic infrastructure supporting technologies, communications, transportation, and sanitation that business relies on is not universally available, hindering economic growth and societal progress.
  • This presents an opportunity for business. By committing to sustainable industrialization and promoting innovation across company operations, businesses can contribute to development efforts in the regions in which they operate through upgrading local infrastructure, investing in resilient energy and communications technologies, and making these technologies available to all people, including marginalized groups, who might not have access otherwise. Global companies can also promote inclusive infrastructure development by bringing valuable financial services and employment opportunities to smaller and/or minority-owned businesses.

Key business themes addressed by this SDG

  • Infrastructure investments
  • Access to financial services
  • Environmental investments
  • Research and development
  • Technological legacies

Examples of key business actions and solutions (non-exhaustive)

  • Invest in new, resilient infrastructure in developing countries or retrofit existing infrastructure to make it more sustainable.
  • Expand the geographic reach of research and development facilities, bringing R&D capabilities to developing countries.
  • Promote innovation by giving all stakeholders the opportunity to offer creative solutions to sustainability challenges. Further scope out the good ideas and offer awards to the best.
  • Consult and engage a wide range of stakeholders, including minority groups, to ensure that infrastructure development benefits and creates opportunities for all.
  • Establish standards and promote regulation that ensure company projects and initiatives are sustainably managed.
  • Collaborate with NGOs and the public sector to help promote sustainable growth within developing countries.

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