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Sustainable Development Goal #10

Reduced Inequalities

Overview

This SDG calls for reducing inequalities in income and those based on age, sex, disability, race, ethnicity, origin, religion or economic. Reducing inequalities and ensuring no one is left behind are integral to achieving the Sustainable Development Goals.

Despite some positive signs toward reducing inequality in some dimensions, such as a reduction in relative income inequality in some countries and preferential trade status benefiting lower-income countries, inequality persists.

Inequalities are deepening for vulnerable populations in countries with weaker health systems and those facing existing humanitarian crises. Refugees, migrants, indigenous peoples, older persons, people with disabilities and children are at risk of being left behind.

Business Opportunities & Benefits

• Supporting SDG10 demonstrates a commitment to social responsibility and ethical business practices, improving a company's reputation among consumers, investors, and stakeholders.
• In a world increasingly concerned with social justice, businesses that address inequalities can tap into new markets and customer segments.
• Employees are more likely to be engaged and motivated when they feel their work contributes to a positive social impact. Addressing inequalities can mitigate risks associated with social unrest, economic instability, and regulatory challenges.
• Addressing inequality can drive innovation as businesses seek new ways to create products and services that benefit marginalised communities.

How can an organisation pursue SDG10?

The objectives of SDG10 are to promote equality in society. Businesses can do their bit to help achieve its goal.

Actions by individuals and organisations may include:
• Be an equal opportunity employer
• Through personal and corporate voluntary/charitable work, help people better themselves and experience others from diverse backgrounds.
• Develop products and services tailored for poor customers (e.g. mobile-based money transfer services for unbanked consumers).
• Improve access to goods and services for people living in poverty, e.g. through core business, policy dialogue, and social investment.
• Recruit, train and employ local community members, including those living in poverty, and integrate them into your value chain as producers, suppliers, distributors, and vendors.
• Invest in business-driven poverty eradication activities, e.g. develop a living wage policy.
• Partner with civil society networks to provide education and entrepreneurial skills training.

More SDGs

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