Joint Co-Operators:

“Corporation in Revitalizing the Global Partnership for Sustainable Development”

Sustainable development, which balances current needs with the needs of future generations, will be at the core of the UN's development agenda after 2015.

The UN continues to promote development for those still on the margins through the Millennium Development Goals.  Member States have met many of these goals and will continue to work to achieve more of them by the target date of 2015.  After 2015, the focus of the Organization's development work will shift to Sustainable Development Goals.

A successful sustainable development agenda requires partnerships between governments, the private sector and civil society. These inclusive partnerships built upon principles and values, a shared vision, and shared goals that place people and the planet at the center, are needed at the global, regional, national and local level.

Urgent action is needed to mobilize, redirect and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives.

Long-term investments, including foreign direct investment, are needed in critical sectors, especially in developing countries. These include sustainable energy, infrastructure and transport, as well as information and communications technologies. The public sector will need to set a clear direction. Review and monitoring frameworks, regulations and incentive structures that enable such investments must be retooled to attract investments and reinforce sustainable development. National oversight mechanisms such as supreme audit institutions and oversight functions by legislatures should be strengthened.

 

What is SDS Prime Project?

"SDS PRIME: Organizational Credibility Development Project "rule is emerging economies and public procurement as flagship adoption project to generate increased awareness and uptake of International Initiative standards in Sustainability and Credibility development.

For suppliers, manufacturers, and retailers, Implementation of “SDS Organizational Credibility Development Project” is a chance to participate in a transformative project. OCDP is uniquely bringing together stakeholders and creates unparalleled opportunity for collaboration with Int’l Organizations. Our tools and frameworks enable proactive innovation, driving at-scale improvements by coordinating and sharing best practices and collaborating on sustainability solutions.

 

Challenges and Opportunities for SMPs and SMEs

CREDIBILITY DEVELOPMENT

 

Why We Join to Prime Project?

Small- and medium-sized entities (SMEs) might think that sustainability is only relevant to large companies. Maybe they think they cannot afford to be Credible, that measuring and managing CREDIBILITY performance amounts to a costly and unnecessary burden. Moreover their accountants, both those employed by the business (accountants in business) and those providing services to the business (accountants in practice), will tell you it is a hard sell getting SMEs to embrace CREDIBILITY DEVELOPMENT. However, SMEs that integrate CREDIBILITY DEVELOPMENT into their core business strategy can benefit from lower costs, reduced risk, and new opportunities. And their accountants, typically operating in small- and medium-sized practices (SMPs), can play a key role in their journey.

 

1-SMEs and the Benefits of Prime Project

SMEs are crucially important to the health and stability of the global economy: they account for over 95% of all businesses and for the majority of private sector gross domestic product (GDP), wealth and employment creation, and social and environmental impacts. Meanwhile, there is immense pressure on the natural environment and a recognition that finite resources are fast depleting. Today, SMEs are increasingly being faced with pressure to measure and manage their impact on the environment and Sustainable Development subject core. They are an integral part of the supply chain where there is a growing demand for sustainability management both from customers and suppliers, especially for those SMEs seeking to secure contracts with governments or larger companies. SMEs also need to ensure they have access to the resources they need to be able to continue offer their products and services in the future.

That said, many SMEs may still feel they can delay addressing sustainability, CSR and CG issues. Our global SMP poll indicates there are other more urgent issues preoccupying businesses, including economic concerns and keeping up with new standards, prompting sustainability, CSR, CRM, CG to slide down their list of priorities. This may explain why few SMPs are presently offering sustainability services. But in the longer term, the sustainability issue is here to stay.

The good news is that there is growing evidence that sustainability approaches initiatives, such as those to reduce an SME’s carbon footprint, can also help improve their bottom line. SMEs of all shapes and sizes—for profits and not-for-profits, public or private, across all industrial sectors—stand to yield significant benefits from adopting sustainable business practices. The initial cost of integrating sustainability into the core business strategy, and reporting on it, can be more than offset by cost savings, reduced risk, positive brand association, and the ability to meet consumer, investor, and supplier demand for environmentally conscientious products and services. In this way, the initial cost is more an investment.

 

2-Opportunities for SMPs (Small- Medium Practice) in Prime Project

Accountants working in SMEs can help their employers at each step of the way, from advising on the costs/benefits of behavioral changes aimed at reducing waste, to investment in new equipment and alternate sources of energy, to developing a comprehensive environmental management system (EMS). However, many SMEs lack the capability to this without outside help. They will likely seek the help of someone they trust, their accounting firm, a demand that can generate new revenue opportunities for SMPs. But first SMEs need to know that they can expect assistance of this nature from their accountants.

Given that SMEs are keen to realize the financial benefits of adopting more sustainable practices, a starting point for SMPs might be to offer to help their clients implement the plan-do-check-act method for the control and continuous improvement of processes and products (ISO Management systems such as ISO9001, 14001. Ohsas18001, IMS, 9004, 22301). This advisory service could include improving business opportunities and creating efficiencies, identifying the risks to cash flow that social, economic, and environmental change will present, and ensuring that clients or employers take advantage of the cost reductions, minimize any cost increases, and maximize the potential revenue by adopting business strategies that identify and address those sustainability issues that are most relevant to their particular business circumstances.

Initial Steps in Offering a Sustainability Service Organizational Credibility Development

An SDS Prime Project suggests that SMEs and SMPs take the following steps to ensure they have the prerequisite expertise to offer a credible service:

1. Build partnerships—they should establish collaboration with local environmental sustainability experts in order to gain local access to credible knowledge.

2. Gain experience—this begins in the SME s and SMP’s own business. Practitioners should review the environmental sustainability of their own business and then use that valuable experience to have rounded, relevant conversations, based on genuine experience, with their clients.

3. Seek information—Practitioners should familiarize themselves with information sources that they could recommend to others or use to broaden their own knowledge.

4. Formalize commitment—where appropriate, practitioners should formalize their commitment to offering environmental sustainability, CSR, CG advice through marketing and awareness rising in newsletters, their documentation, and website.

Ultimately, offering Prime Project: Organizational Credibility Development service can help them add value to the services they offer and help their clients/employers improve the way they run their businesses. Applying the same principles to the practice itself can help accountants improve the way they run their own businesses as well.