The sustainable development goals and the financial services industry

Jones, Peter ORCID: 0000-0002-9566-9393, Hillier, David and Comfort, Daphne (2017) The sustainable development goals and the financial services industry. Athens Journal of Business and Economics, 3 (1). pp. 37-50. doi:10.30958/ajbe.3.1.3

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The Sustainable Development Goals (SDGs) agreed at a United Nations General Assembly in 2015 embrace an ambitious and wide ranging set of global environmental, social and economic issues designed to effect a transition to a more sustainable future. The United Nations called on all governments to pursue these ambitious goals but also acknowledged the important role of the business community in addressing the SDGs. This paper provides an outline of the SDGs and of the efforts being made to encourage business engagement with them and offers some reflections on the challenges the financial services industry may face in looking to contribute to the SDGs. The paper suggests that while the leading financial services companies will need to identify and measure their contributions to the SDGs, to integrate their achievements into their sustainability reporting processes and to commission more comprehensive external assurance, fundamental concerns remain about the tensions between sustainability and continuing economic growth.

Item Type: Article
Article Type: Article
Uncontrolled Keywords: Sustainable Development Goals, Business Engagement, Financial Services Industry, Economic Growth
Subjects: H Social Sciences > HF Commerce > HF5001 Business
H Social Sciences > HG Finance
Divisions: Schools and Research Institutes > School of Business, Computing and Social Sciences
Research Priority Areas: Applied Business & Technology
Depositing User: Anne Pengelly
Date Deposited: 31 Oct 2016 14:46
Last Modified: 05 Aug 2023 11:15

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