1. Advanced Management Control and Sustainable Development
Lecture 2: Sustainable Development Goals:
definitions and aspects
Prof. Angelo Riccaboni
University of Siena
Department of Business and Law

2. Agenda Sustainable Development Goals
Sustainable Development Challenges and Business Challenges
Making Sustainability “business as usual”
Creating conditions for good investments
Building global change from the bottom up
Ensuring credibility, accountability and transparency
Creating new multi-stakeholder partnerships
The 5 Pathways to the Sustainable Development Goals

3. Sustainable Development Goals

4. Sustainable business – business as usual
Business contribute to sustainable development by proposing solutions that are:
Measurable –
are making the difference
Scalable –
Can have a meaningful impact on the world
Replicable –
can be replicable by many companies, in multiple sectors, regions
Beyond business as usual – businesses and government must collaborate
Good for business – can have a commercial logic

5. Sustainable business – business as usual
Business Charter for Sustainable Development , provides the following benefits:
Information clarity, and a framework of tools and methodologies.
Reduction of risks and liabilities.
Enhancement of efficiency and effectiveness of existing products and services.
Generation of new business opportunities.
Longer-term cost reductions.
Enhancement of knowledge, education, and awareness.
Increased employee loyalty.
Higher standing in society and better reputational value.

6. Creating conditions for good investments
Countries must fight to :
Implement investment, trade and competition policies
Contribute to good business and investment climates
Support local entrepreneurship
Governments need to be careful not to:
Discourage public sector investment in public goods
Reduce domestic private investment
Permit excessive deregulation

7. Building global change from the bottom up
Meet the responsibilities in areas of human rights, labour, environment and anti-corruption
Recognise the duty of investors “to act in the best long-term interests”
Empowerment of women, gender equality, equal pay, equal recruitment and promotion
Generate measurable social, financial returns
Build domestic resources and human capital

8. Building global change from the bottom up
SDGs identify the priority actions:
Increase exports of developing countries, doubling the exports from least developed countries
Implement social and differential treatment for developing countries
Implement duty-free and quota-free market access on a lasting basis for all of the least developed countries
End trade restrictions and distortions in world agriculture markets
Increase aid-for-trade support for developing countries

9. Ensuring credibility, accountability and transparency
Major investments requires – corporate transparency, reporting on business activities, meet fiscal obligations and fiscal reporting
Transparent information on taxation is rather critical for sustainable and inclusive development
Major control on illicit financial flows- focus on anti-money laundering and international bribery transactions
Need to acquire data on financing flows, packages and opportunities

10. Creating new multi-stakeholder partnerships
Innovative public-private partnership-
share risks and reduce costs
Role of civil society-
to ensure checks and balances control
Public sector
plays a crucial role in education, health and social services
Private sector actors include not only formal enterprises, but also informal enterprises, family-run farms, households and individuals.
Private foundations
which enable systemic change, ensure increased sustainability and scale up partnership efforts

11. Quantity and Quality Investment in Support of the SDGs
Foreign direct investment creates new jobs, boosts productivity and technology transfers, while enabling local firms to access new markets in developing and emerging economies.
Blended finance offers huge, largely untapped potential for public, philanthropic and private actors to improve the scale of investment in developing countries.
Monitoring and measuring private funds mobilised enhances transparency, improves financing strategies and good practices.
Social impact investment empowers the poorest to lead more productive lives, while bringing effectiveness, innovation and
scale to sustainable business.
Responsible business conduct enhances business and development results, matching investment quantity with business quality to produce social, economic and environmental benefits.