You are here: Home » Economy & Policy » News
Business Standard

Corporates need to play greater role in achieving SDGs: Niti Aayog

In 2015, India had established 2030 as a critically important horizon for 17 Sustainable Development Goals

Niti Aayog  |  Sustainable Development Goals  |  Rajiv Kumar

Press Trust of India  |  New Delhi 

Corporates need to play greater role in achieving SDGs: Niti Aayog

Aayog vice-chairman on Thursday underlined the need to mobilise funds from all sources especially corporates to achieve the (SDGs).

Kumar further said the focus should be on 'conscious capitalism' wherein corporates go beyond chasing bottomline and focus on ensuring maximum social return.

"If corporates can make SDGs as part of their business model, I think that what will really help," he said at an event organised by the Development Programme (UNDP).

The SDGs, otherwise known as the Global Goals, are a universal call by the UNDP for action to end poverty, protect the planet, improve health, education and ensuring that all people enjoy peace and prosperity by 2030.

In 2015, had established 2030 as a critically important horizon for 17

"We want to mobilise all types of financing for funding our development ... we can mobilise resources for priority areas like dealing with problems relating to undernourishment of children, environment and water," Kumar said.

The Facility (SFF) was launched Wednesday by Achim Steiner, UN under-secretary general and administrator of the UNDP.

At the launch event, Steiner had said that is pivotal to UNDP's shared ambition to achieve the Sustainable Development Goals (SDGs).

Innovative through structures such as guarantees, social insurance, social impact bonds and impact investments, holds the key to unlocking private investment capital for the SDGs, particularly in a middle-income country like India, he had added.

The SDG Facility leverages a strategic multi-stakeholder partnership with leading institutions in the ecosystem to tap into resources and agility of the private sector to solve some of today's most pressing challenges.

The SFF is a platform that will incubate innovative financial instruments aligned to the SDGs that will catalyse funding for improved social and developmental outcomes in

The Facility is an initiative of UNDP in partnership with the Swiss Agency for Development and Cooperation (SDC), firm and Social Finance India, a TATA Trusts backed not-for-profit.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, March 14 2019. 20:35 IST