Improving access to sustainable livelihoods, entrepreneurial opportunities, and productive resources.
Providing universal access to basic social services.
Progressively developing social protection systems to support those who cannot support themselves.
Empowering people living in poverty and their organisations.
Addressing the disproportionate impact of poverty on women.
Working with interested donors and recipients to allocate increased shares of ODA (Official Development Assistance) to poverty eradication.
Intensifying international cooperation for poverty eradication.
As such, the implications for businesses are significant.
Businesses and investors have a general role in delivering on SDG1 through the generation of economic activity and the creation of employment. But they also have more specific enabling and supporting roles alongside governments through improvements to climate and supply chain resilience, adherence to labour rights, and the acceleration of microfinance schemes.
Pursuit of this SDG will reap benefits and opportunities for businesses:
- Poverty eradication will increase the money in society to buy goods and services.
- Reduce security risks from societal population unrest.
- Improved access to basic services may create new market opportunities.
- Improved health of the working population will directly benefit businesses.
- Provide support to ensure employees receive enough money to live on now and in the future i.e. at least the real living wage and pension provision.
- Provide flexible and safe working conditions that positively support individual and family lives e.g. flexible working hours, home working, sick pay, etc.
- Help employees (and their families) and supply chain partners to access entitled benefits from governmental bodies.
- Enable people to access to basic services (inc. water, heating, nutrition, transport, and financial services) at a reasonable cost.
- Reduce vulnerability from disasters e.g. flood defences, sustainable water and energy supplies, etc.