What is Sustainable Development?
Sustainable development “meets the needs of the present without compromising the ability of future generations to meet their own needs.”
It follows a multi-stakeholder approach that integrates economic growth, social inclusion, and environmental protection.
UN and the Sustainable Development Goals (SDGs)
- Defines broader objectives of society through 17 goals and 169 targets.
- The SDGs are a global blueprint to achieve a better and more sustainable future for all by 2030.
- Aims to end poverty, protect the planet, and ensure peace and prosperity for all.
- Covers poverty, inequality, climate change, environmental degradation, peace, and strong institutions.
- Adopted by all 193 UN member states on 25 September 2015.
The Pressing Need for the SDGs
- 783 million people live in extreme poverty globally.
- 263 million children and youth are out of school.
- 5.6 million children die each year from preventable causes.
- 155 countries have laws that impede women’s economic opportunities.
- 1 billion people lack access to reliable and affordable electricity.
- Climate-related disasters caused USD 300 billion in economic losses in 2017.
- Climate change contributes to hunger, conflict, drought, and disasters.
- 1.3 billion tons of waste are generated annually.
- 25% of mammals and 13% of bird species face extinction.
Relevance of SDGs for Investing
- UN estimates USD 5–7 trillion in annual investment is required to achieve the SDGs by 2030.
- Achieving SDGs could unlock USD 12 trillion in market opportunities and create 380 million jobs.
- Acts as a long-term capital allocation guide aligned with global growth drivers.
- Helps mitigate operational, regulatory, and reputational risks.
SDGs vs ESG
- SDGs are thematic and outcome-oriented, while ESG is more corporate and compliance-driven.
- SDGs provide long-term direction beyond risk management.
- Universality ensures standardized language and impact measurement.
- Applicable across governments, NGOs, and businesses regardless of scale.
The 17 Sustainable Development Goals
| S.No | Goal | Description |
|---|---|---|
| 1 | No Poverty | End poverty in all its forms everywhere |
| 2 | Zero Hunger | End hunger and promote sustainable agriculture |
| 3 | Good Health & Well-being | Ensure healthy lives for all |
| 4 | Quality Education | Ensure inclusive and equitable education |
| 5 | Gender Equality | Achieve gender equality and empower women |
| 6 | Clean Water & Sanitation | Ensure access to water and sanitation |
| 7 | Affordable & Clean Energy | Ensure access to sustainable energy |
| 8 | Decent Work & Economic Growth | Promote inclusive economic growth |
| 9 | Industry, Innovation & Infrastructure | Build resilient infrastructure |
| 10 | Reduced Inequalities | Reduce inequality within and among countries |
| 11 | Sustainable Cities | Make cities inclusive and sustainable |
| 12 | Responsible Consumption | Ensure sustainable consumption |
| 13 | Climate Action | Combat climate change |
| 14 | Life Below Water | Conserve oceans and marine resources |
| 15 | Life on Land | Protect ecosystems and biodiversity |
| 16 | Peace & Justice | Promote strong institutions |
| 17 | Partnerships for the Goals | Strengthen global partnerships |
Goals Prioritized by Fingpay
- SDG 1: No Poverty
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation and Infrastructure
- SDG 10: Reduced Inequalities
Shortlisted Targets from the 169 SDG Targets
- 1.4 – Equal access to economic resources and financial services
- 8.1 – Sustain per capita economic growth
- 8.2 – Improve productivity through innovation
- 8.3 – Support MSMEs and entrepreneurship
- 8.10 – Expand access to banking and financial services
- 9.3 – Improve financial access for small enterprises
- 10.1 – Increase income growth of bottom 40%
- 10.2 – Promote social, economic, and political inclusion