Companies must devise business models aligned to SDGs: KPMG

Aligning business strategy to the UN Sustainable Development Goals (SDGs) can help organisations design their growth strategies in cognizance with national and global developmental needs, according to a new report by consulting major KPMG."This approach will augment businesses to enhance resilience while capitalising on opportunities in a timely manner, thereby ensuring long-term success," said the report titled 'Assimilate, blend, converge for Sustainable Development Goals.'Blended financial instruments can be used to deliver to the targets of each SDG while ensuring economic gains. These can help bridge the gap by channelising the funds in a more streamlined fashion.The report says SDGs bring along a strong business case by impacting the bottom line of the businesses by improving their savings or returns through further innovation with the SDGs."Therefore, mapping SDGs across the value chain can help businesses achieve the targets while enhancing their footprints."The mapping of ...