Industrial Policy for the Sustainable Development Goals
Increasing the Private Sector’s Contribution
How can governments support the private sector’s contribution to the Sustainable Development Goals (SDGs)? This book investigates the contribution of firms to the SDGs, particularly through their core business, taking into account inter-sectoral linkages and global value chains, using novel techniques and data sources. Despite the fact that the private sector has the potential to contribute to a wide range of SDGs, and that many firms find it economically viable to develop sustainable products and services, firms still face significant hurdles in their sustainability transition. Based on this new evidence, this book provides some recommendations on the design of industrial policies to enhance the contribution of businesses to the SDGs.
Measuring the share of the private sector related to the SDGs
This chapter presents a novel methodology to measure the share of the private sector engaged in the production of goods or services that are related to the Sustainable Development Goals (SDGs). It relies on a mapping between sectoral and product classifications at a granular level and the 17 SDGs, based on a natural language processing/machine learning algorithm. This chapter also provides a complete view of the SDGs which can be linked to firms’ activities, either to their core business or non-core business activities.
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