This metric covers Sustainable Development Goal 10 of the United Nations’ 17 Sustainable Development Goals. Goal 10 aims to reduce inequality within and among countries. Inequalities within countries rose by 11% in developing countries between 1990 and 2010. Growth must be inclusive in all segments of society and involve the three dimensions of sustainable development – economic, social and environmental. Fighting inequality can unlock new markets, attract new business, lead to innovation of new products or services, increase employee morale and productivity and manage risk in communities. The UN Global Compact suggests these steps for business:
Create decent jobs, goods and services that meet basic needs and more inclusive value chains
Make strategic social investments and promote public policies that support social sustainability
Partner with other businesses, pooling strengths to make a greater positive impact
Go to the Half-Billion Dollars Challenge page of the Global Sourcing Council website. Using the dynamic GSC Half-Billion Challenge Progress Barometer you can view a list of companies that have taken the pledge.
Click on the tab “All Pledges” to see the total financial capacity that has been pledged to the SDGs in the Half-Billion Dollars Challenge.
Click on the tab “By SDG” to view the breakdown of financial capacity that has been pledged to each SDG.
Click on the tab ‘By Organization’ to view the list of organizations that have taken the pledge.
Select the company you are to research from the list. Then, using the drop-down arrow you can determine how much the company in question has pledged to advancing SDG 10.
For further research the Global Sourcing Council suggests reviewing the following additional resources:
Global Sourcing Council
Corporate Social Responsibility Report
CSO Statements or Reports
Investigative Reports, Surveys, Articles, etc.