In 2015, the United Nations Member States adopted the 2030 Agenda for Sustainable Development which provides plans for the people, and the planet to achieve a peaceful and prosperous future. This led to the creation of the 17 Sustainable Development Goals (SDGs) which is an urgent call for action by all countries – developed and developing – in a global partnership.
The 2017 Sustainable Development Goals (SDG) Business Forum emphasized the significant role of businesses, private institutions, government, and civil society organizations in the achievement of the 17 goals by promoting sustainable and inclusive development. The forum highlighted the need for (1) developing a clear mechanism for monitoring business investment in the SDGs; (2) designing projects that incentivize private investments by offering enticing returns on investment; and (3) increasing awareness of the SDGs in the private sector.
With the ongoing COVID-19 pandemic, the Philippine economy has experienced a series of Gross Domestic Product (GDP) declines thus further exacerbating the unemployment rate since 2020. As a response, UP-CIFAL Philippines offers the Sustainable Development Goals for Transformational Business (SDGs4Biz), a capacity-building activity that aims to increase awareness and further promote how the private sector can integrate the 17 SDGs into their transformational business strategies and consequently, contribute to building back a better economy.