Realising Good Growth SDG9

Overview

Sustainable Development Goal 9 seeks to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.

It encompasses three aspects of sustainable development: infrastructure, industrialisation and innovation.
1. Infrastructure provides the basic physical systems and structures essential to the operation of a society or enterprise.
2. Industrialisation drives economic growth, creates job opportunities and thereby reduces income poverty.
3. Innovation advances the technological capabilities of industrial sectors and prompts the development of new skills.

Inclusive and sustainable industrial development is the primary source of income generation, allows for rapid and sustained increases in living standards for all people, and provides the technological solutions needed for environmentally sound industrialisation.

Business Opportunities & Benefits

• Investments in infrastructure, particularly in developing regions, can create new markets and improve access to existing ones.
• Modern infrastructure, such as transportation networks and energy grids, can streamline operations and reduce costs.
• Innovation and technological advancements can give businesses a competitive edge and help them stay ahead of industry trends.
• A robust infrastructure and industrial base can ensure a reliable and sustainable supply of raw materials and components.
• Sustainable industrial practices and investments in green technologies can help mitigate environmental risks and improve a company's sustainability profile.
• Supporting initiatives that promote inclusive industrialization can create jobs, reduce poverty, and improve living standards in local communities.

How can an organisation pursue SDG9?

The objectives of SDG9 are to generate employment and income, bring prosperity, and build sustainable and prosperous societies. In other words, it benefits economic growth, as sustainable industrialisation is responsible for lifting communities out of poverty.

Actions by organisations may include:
• Invest in innovation and new technologies
• Invest in research and development
• Finance projects that have the goals of building roads, schools, and businesses
• Finance social entrepreneurs/non-profit organisations
• Encourage sustainable innovation through educating organisational leaders
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Individuals can also help with SDG9:
• Encourage innovation in the workplace, through research & development or the adoption of ideas schemes
• Purchase sustainable products and services
• Donate to charitable research institutes
• Make use of the most efficient and sustainable transport systems
• Encourage people to access the internet and reduce the use of printed material

Key Benefits of a Company Ideas Scheme

1. Increased innovation: By encouraging employees to contribute ideas, you can encourage creative thinking, helping to uncover potential new opportunities and solutions.

2. Improved morale: Ideas schemes allow employees to feel involved and valued within the company. Having a supportive work environment can lead to increased job satisfaction as well as higher retention rates.

3. Increased productivity: An ideas scheme helps to streamline processes and find more efficient ways of working. This can lead to a more efficient and productive work environment, allowing the business to reduce costs and increase its profits.

Sustainable Development Goal #9

Industry, Innovation and Infrastructure

Overview

Business Opportunities & Benefits

How can an organisation pursue SDG9?

Key Benefits of a Company Ideas Scheme

More SDGs