ICAEW SE · Chapter 1 · Question 3 of 13
Which of the following best explains why the UN SDGs are significant for businesses as well as governments?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) They provide a shared global framework that businesses can use to identify and communicate how their activities affect social, environmental and economic priorities
Explanation
The SDGs are a voluntary, universal framework agreed by governments, but they are widely used by businesses to align strategy, set targets and communicate their contribution to sustainable development. They are not legally binding on companies and do not override national law. Unlike the earlier Millennium Development Goals, the SDGs apply to all countries, not only developing ones.
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