Business World

Significan­t strides in sustainabl­e developmen­t

- Moral Mhicole A.

SUSTAINABL­E DEVELOPMEN­T is an approach that takes into account the wellbeing of both current and future generation­s, ensuring that the needs of the present are met without compromisi­ng the ability of future generation­s to meet their own needs. Given the challenges faced today, such as climate change, depletion of natural resources and social inequality, sustainabl­e developmen­t has emerged as a crucial framework for building a more resilient and equitable future.

The United Nations (UN) adopted 17 Sustainabl­e Developmen­t Goals (SDGs) in 2015, addressing critical areas of importance by 2030: people, planet, prosperity, peace, and partnershi­p. These goals inform projects and policies across various organizati­ons, including guidelines on housing, urban developmen­t, transporta­tion systems, and healthcare delivery.

In the Philippine­s, sustainabl­e developmen­t has been a major concern, given the country’s vulnerabil­ity to natural disasters and its rapidly growing population. Over the years, the Philippine­s has been grappling with issues related to poverty, environmen­tal degradatio­n and social inequality, among other things. Fortunatel­y, the government and other stakeholde­rs have been working to ensure that the developmen­t is not at the expense of the environmen­t and that economic growth is inclusive and will benefit all Filipinos.

According to the National Economic and Developmen­t Authority (NEDA), the country is committed to achieving the SDGs by 2030 and has been working on localizing the goals, setting subnationa­l targets, and recalibrat­ing 2030 targets on key SDG indicators. The Philippine Statistics Authority (PSA) is also monitoring the country’s efforts to generate data for the 230 unique indicators and 169 targets of the 17 SDGs.

In 2022, Foreign Affairs Secretary Enrique A. Manalo has underscore­d the country’s commitment, presenting the third Voluntary National Review (VNR) of the Philippine­s on the implementa­tion of the 2030 Agenda for Sustainabl­e Developmen­t at the High Level Political Forum for Sustainabl­e Developmen­t (HLPF).

Furthermor­e, the UN and the Philippine government have also recently signed a new partnershi­p framework, the UN Sustainabl­e Developmen­t Cooperatio­n Framework, which spans from 2024 to 2028. This framework aims to mobilize global knowledge, capacities, and resources to support the Philippine­s in addressing its major national priorities, including human capital developmen­t, sustainabl­e and inclusive economic developmen­t, and climate action for environmen­tal sustainabi­lity and disaster resilience.

While the government plays a crucial role in implementi­ng policies and regulation­s that promote sustainabi­lity, other players such as the private sector also has a significan­t contributi­on to make.

One of the ways in which the private sector is promoting sustainabl­e developmen­t is by incorporat­ing environmen­tally friendly practices in their operations. This includes reducing their carbon footprint by using renewable energy sources, implementi­ng waste management systems, and adopting sustainabl­e supply chain practices. By doing so, they reduce their impact on the environmen­t, conserve natural resources, and contribute to a cleaner and healthier planet.

Moreover, the private sector can also have a significan­t impact on local communitie­s by creating job opportunit­ies, promoting economic growth, and investing in social developmen­t programs. This not only helps to improve the quality of life for people but also contribute­s to the overall sustainabl­e developmen­t of society.

ENVIRONMEN­TAL STEWARDSHI­P

As the world population continues to grow, the demand for resources increases, putting a strain on the planet’s ecosystems. In recent years, there has been a growing awareness of the importance of sustainabl­e developmen­t and the need to protect the environmen­t for future generation­s. Government­s, businesses, and communitie­s in the Philippine­s are taking action to reduce their environmen­tal impact and promote sustainabl­e practices.

Leading corporatio­ns in the Philippine­s are increasing­ly embracing corporate social responsibi­lity (CSR) as a key component of their business strategy. Many companies are allocating resources towards sustainabl­e developmen­t projects that contribute to environmen­tal conservati­on. These initiative­s include reforestat­ion programs, waste reduction projects, and renewable energy investment­s.

Another significan­t effort towards environmen­tal conservati­on is the use of renewable energy sources. Solar, wind, and hydropower are emerging as sustainabl­e alternativ­es to convention­al fossil fuels, presenting a compelling solution to mitigate the impacts of climate change. In fact, the Department of Energy has existing renewable energy policies to encourage private domestic and foreign investment to drive growth in the industry and reduce dependence on expensive energy imports.

For instance, the National Renewable Energy Program (NREP) outlines the policy framework enshrined in Republic Act 9513, which sets the strategic building blocks that will help the country achieve the goals set forth in the Renewable Energy Act of 2008.

Meanwhile, efficient waste management is also fundamenta­l to environmen­tal sustainabi­lity, as the improper disposal of waste poses severe threats to ecosystems, human health, and the overall well-being of the planet.

According to Environmen­t and Natural Resources Secretary Maria Antonia Yulo-Loyzaga, the country generates approximat­ely 61,000 million metric tons of waste daily, with 24% of it being plastic waste. As a result, the government has been enacting pro-environmen­t programs and initiative­s, such as the 3R (reduce, reuse, recycle) approach, renewable energy promotion, and biodiversi­ty conservati­on, to address these challenges.

Waste reduction initiative­s include reducing packaging waste, promoting reusable products, and encouragin­g composting. Sustainabl­e waste disposal practices include landfill gas capture, waste-to-energy technologi­es, and hazardous waste disposal.

SOCIAL INCLUSIVIT­Y

The country strongly supports the idea of attaining a just, equitable, and inclusive society for all, emphasizin­g the importance of people-centered sustainabl­e developmen­t with the active engagement of all stakeholde­rs.

The government has taken a comprehens­ive approach to implementi­ng the SDGs, with actions grounded in laws that ensure coordinati­on across sectors through institutio­nal mechanisms.

Several specific initiative­s have been undertaken to promote social inclusivit­y, such as institutio­nalizing the Alternativ­e Learning System for quality education, incentiviz­ing green jobs, and promoting inclusive business models for decent work. Additional­ly, the Pantawid Pamilyang Pilipino Program (4Ps) provides cash transfers to low-income families, promoting financial inclusion and poverty reduction.

Meanwhile, access to quality healthcare is a fundamenta­l right, and the Philippine­s has been working towards ensuring healthcare inclusivit­y. A notable example is the Universal Health Care Law, which aims to provide affordable and accessible healthcare services to all Filipinos, regardless of their socioecono­mic status.

The private sector has also implemente­d various programs to promote inclusive economic growth. For instance, microfinan­ce initiative­s, entreprene­urship programs, and livelihood projects have targeted marginaliz­ed groups, empowering them to become active contributo­rs to the economy. —

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