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India has 25% of market opportunities for firms on SDGs

Jul 04, 2018

A latest UNGC report states that $4 trillion worth of market opportunities are available for companies working in the sustainable area.

New Delhi: The UN Global Compact India- Accenture Strategy CEO Study-reveals that  India presents 25% of the $4 trillion worth of market opportunities for companies working in the sustainable area globally.

The report states that $4 trillion worth of market opportunities are available for companies working in the sustainable area.

The report analyses that India will seek to provide 50% of development in fulfilling sustainable development goals which are set in, and help in generating employment worth 72 million.

According to the report, 91% of Indian CEOs steer thier businesses to help in the progress of SDGs.  On the contrary, only 87% of the global CEOs do so globally.

The report shows that 94% of Indian entrepreneurs are aware of the relevance of their respective businesses in supporting various targets of SDGs according to their individual specialization.

The report also reveals that 86% of the Indian business in contrast to 78% of the global business leaders are aware of their capabilities to deliver on SDGs.

The report also predicts that 86% of Indian corporate heads possess the required skills needed for attaining the sustainable development goals in comparison to 75% of the business leaders, globally.

The report highlights that 77% of Indian CEOs feel that these goals are helpful in guiding businesses to create value not just for profit but also for the society at large.

The study also finds out that 85% of Indian businessmen feel that greater integration of sustainability issues in financial markets is essential to progress. However, only 10% of the business leaders cite investor pressure as a key driver.

The study reveals that despite an uptick from the last study (41% in 2013-14), only 68% of the CEOs are able to identify the business value of their sustainability initiatives.

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