SDG17: Partnerships for the Goals

We have seen that strenghtening multialteralism and global partnerships are more important than ever if we are to solve the world's problems.

United Nations

The United Nations has identified Goal 17 as a necessary strategy to accomplish the rest of its Sustainable Development Goals. Goal 17 includes "Strengthening the Means of Implementation and Revitalizing the Global Partnership for Sustainable Development"

In the recovery efforts of the Covid-19 pandemic especially, partnerships are the solution identified by the United Nations as a means to lighten the debt burden faced by developing countries by spreading funding through many channels. Pubic and Private Sector Partnerships connect corporate lenders to nonprofit organizations that specify in various areas of social, environmental, and economic impact.

Additionally, the net official development assistance (ODA) reached a record-breaking high in 2021. ODA is government aid designed to sponsor economic welfare and development in developing countries. Partnerships have the power to connect corporations with government initiatives and NGOs that align with their goals for investing in the global good.

Partnerships present a cyclical relationship. Corporate partners can provide the funding and resources to grow specific areas and interests of need. Impact organizations can leverage the support of corporate partners to scale their scope of impact, reaching more people in the communities being served and promising larger, longer contributions. Communities connect to lasting impact from organizations. Corporations connect to social, environmental, and economic initiatives that give them a greater purpose outside their organization. This exposure, in turn, helps company executives, employees, and stakeholders to become a part of a larger network. Corporations can leverage their connections to have a global presence in and beyond their industry and to develop their own corporate sustainability goals. Corporations connect to impact organizations to drive lasting impact and reach global communities. Partnerships have the opportunity to bring "profit" to all members.

To learn more about SDG17 and the rest of the Sustainable Goals: Click Here.

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All the information in the article was taken from the United Nations SDG website/ annual reports.