Enterprises play a pivotal role in the realization of the Sustainable Development Goals (SDGs). However, the velocity at which they align with these objectives and the resultant effects can influence the efficacy of decision-making processes. Presently, only a mere 15% of SDG targets are progressing as intended, leaving a narrow window of seven years to address this shortfall. Consequently, it is imperative to embrace the vision in diversity, equity, and inclusion on decision-making and empowering marginalized communities is essential.

The expert group on climate and SDG synergies underscores the imperative for transboundary cooperation in managing climate impacts. Furthermore, the efficacy of climate action is enhanced through multi-stakeholder dialogues and engagement. Notably, stakeholders such as civil society organizations and enterprises can foster transparent and comprehensive dialogues through cooperative efforts. Yet, what fundamental principles should guide enterprises in collaborating with civil society organizations to implement Environmental, Social, and Governance (ESG) standards in their daily operations?

Enterprises must undertake thorough due diligence to ascertain the core objectives of civil society organizations and ensure alignment with their own aims. Crucially, enterprises should engage with stakeholders at the operational level -domestically or internationally- as direct communication enhances the efficacy of impact measurement. Moreover, enterprises must remain vigilant against unintended consequences that could compromise accountability and endeavor towards transparent adherence to environmental, social, and governance principles in their operations.

For instance, a company exporting metal cylinders to Ecuador, in pursuit of augmenting its environmental responsibility, should seek collaboration with a civil society organization committed to mitigating the social and environmental costs associated with the waste and carbon footprint of each cylinder. Therefore, the inclusion of minority participation assumes significance, as resources often yield greater impact when administered by marginalized groups. For instance, a recycling organization led by a woman advocating for ocean protection through educational initiatives in coastal secondary schools embodies the potential of minority-led efforts in effecting meaningful change. Now, what is the first step to engage properly?