This year’s Global Opportunity Report is focused on solutions and identifying new markets that could help accelerate action towards achieving the targets of the 17 UN Sustainable Development Goals by 2030. The report address solutions related to Goals 10, 12, 13 and 14 on Reduced Inequalities, Responsible Consumption and Production, Climate Action and Life Below Water.
So far, the Global Opportunity Reports have identified 55 markets that demonstrate the business opportunities inherent in all of the 17 Sustainable Development Goals. The biggest opportunities can be found at the intersections of traditional markets, which requires collaboration and cooperation across sectors and fields. To facilitate that, the partners behind the report (DNV GL, Sustainia and the United Nations Global Compact), launched the Global Opportunity Explorer last year – an open access innovation hub with markets and solutions for the SDGs. All 55 markets, including the 10 new opportunities identified by the Report this year, are now online on the platform.
Lise Kingo, CEO & Executive Director of the United Nations Global Compact, said, “We live in a world in urgent need of change, and businesses are leading the charge towards the transformations ahead. Through developing breakthrough innovations and forging critical partnerships, the business community has the resources and creativity we need to create the world we want. The fourth edition of The Global Opportunity Report highlights issues which affect every human on this planet, and demonstrates how businesses everywhere can tap into emerging markets and deliver solutions to the biggest challenges of our time.”
The Global Opportunity Explorer was created on the conviction that the SDGs offer a myriad of business opportunities with great value to companies, society and the environment. The hub aims to showcase the best solutions and markets relating to the SDGs and foster collaboration and cooperation between investors, businesses and entrepreneurs.
Since the inception of the Global Opportunity Report in 2015, 17,000 business leaders have been consulted and from their feedback, 55 market opportunities have been identified. The opportunities in the new report includes securing land rights for the most disadvantaged through blockchain technology, re-purposing electric vehicle batteries for domestic power grids and searching for alternative materials to energy intensive concrete.