The SDGS: an opportunity for danish businesses
SDG-Related Business Opportunities Could Be Worth DKK 400 Billion for Danish Businesses in 2030
The Sustainable Development Goals (SDGs) represent a set of 17 goals that meet the most pressing environmental, societal, and economical challenges facing the world today. The goals are interlinked, which means that lack of progress on one of the goals impedes progress on the others.
Businesses need the SDGs just as much as the SDGs need businesses. Businesses are dependent on people and planet, and they cannot succeed unless the 2030 Agenda is realized. Therefore, businesses need to engage in the successful achievement of the Sustainable Development Goals.
Achieving the SDGs is good business. The 60 fastest growing SDG hotspots could create new market opportunities worth DKK 80 trillion in 2030. If Danish businesses manage to seize a share of the new market opportunities within relevant SDG sectors, the potential SDG opportunity for Danish businesses would be worth DKK 400 billion in 2030, according to a report by Danida.
Emerging and Frontier Markets Hold Great Potential for Danish Businesses
Danish companies tend to pursue business opportunities in the developed markets in which they are already present. However, companies face fierce competition for growth in the advanced markets. In contrast, developing countries represent a market with tremendous potential. More than 75% of the growth in the world economy is currently driven by economic development in emerging and frontier markets.
Population growth, urbanization, and sustained economic progress in developing countries, alongside climate change and resource scarcity will increase the demand for sustainable solutions and innovation.
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