Overview
Scientists have long been concerned about how human activity drives climate, biodiversity and pollution. These are all linked to unsustainable production and consumption. Changes in consumption and production patterns can help decouple economic growth and human well-being from resource use and environmental impact.
Demand for materials will likely outpace efficiency gains in supply chains and overwhelm already stretched ecosystem services. Sustainable practices in the production phase of products and services will not provide sufficient responses to meet science-based emissions reduction targets, natural resource constraints or the growing demand for basic needs such as food, water and sanitation, and access to energy.
Fossil fuel subsidies continue to threaten the achievement of the Paris agreement. Specific problem areas such as electronic waste, plastic bags and bottles are visible to all and urgently need effective measures to tackle. Consumption patterns need to be made more sustainable, particularly lifestyles in industrialised societies and reduce their ecological footprint to allow for the regeneration of natural resources on which human life and biodiversity depend.
Business Opportunities & Benefits
• Aligning with SDG12 demonstrates a commitment to sustainability and corporate social responsibility, improving a company's brand image and reputation among consumers, investors, and stakeholders.
• By adopting more efficient production methods and reducing waste, businesses can lower their operational costs and improve profitability.
• Focusing on sustainable practices can drive innovation, leading to the development of new products, services, and technologies that meet the needs of a growing global population while minimising environmental impact.
• Supporting SDG12 initiatives can help businesses mitigate risks associated with resource scarcity, climate change, and regulatory changes.
• Sustainable products and services are increasingly in demand.
• Engaging in SDG12 initiatives can foster stronger relationships with employees, customers, suppliers, and communities, leading to increased trust and loyalty.
