House View by the Chief Investment Office
What are the Sustainable Development Goals?
16 January 2017 | Tags: World Economic Forum
Reading time: 6 minutes
This is an excerpt from the UBS white paper: Mobilizing private wealth for public good.
The Sustainable Development Goals (SDGs) have one simple objective: to promote global economic growth and development that is sustainable, for humanity and for the planet.
The SDGs were conceived and announced at the UN Conference on Sustainable Development in 2012. They build upon the Millennium Development Goals, expanding their reach and scope. The SDGs came into effect on January 2016, with a targeted fulfilment date of 2030.
Why are we talking about the SDGs now?
2017 marks a watershed year for the world. It’s the 10-year anniversary of the start of the US subprime mortgage crisis. In the wake of the global financial crisis that followed, governments, policymakers, and businesses around the world have tried new and innovative methods to reignite global growth, reduce economic imbalances, and promote a fairer, more sustainable world.
Success has been limited. While world economic growth looks set to improve this year compared to 2016, the way our world is growing is unsustainable. By early August last year, our lifestyles demanded more of Earth’s natural resources than the planet can regenerate in a single year.
What's stopping private wealth from helping fund the SDGs?
There’s no time like the present to engage private investors and encourage them to use their wealth to help fund the SDGs. Why is it not happening?