This evolving paper will examine the overall Ethical Development Goals (EDGs) that Halcyon is developing to complement the UN Sustainable Development Goals (SDGs).
The EDGs are inspired by the SDGs, officially known as ‘Transforming our world: the 2030 Agenda for Sustainable Development’, an intergovernmental set of aspiration Goals with 169 targets.
However, ethical considerations need to play a more central role in the implementation of the SDGs, according to a coalition of countries who co-sponsored a meeting at UN headquarters in January 2016; the meeting heard that despite unprecedented collaboration, many businesses still need key ethical reforms.
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- Concerns over environmental, social and governance standards are most acute in the fossil fuel sector, where companies have been under increased pressure from regulators, activists and investors. However, the world’s efforts to hit emissions targets will pose a threat to many more industries’ creditworthiness, including some that do not directly emit much carbon, according to the top rating agencies.
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