Tuesday, August 6, 2024 The UN Global Compact successfully concluded its regional flagship event, “Forward Faster Now | Asia & Oceania,” held at the Asia School of Business on 5-6 August. This pivotal event brought together leaders from the travel, tourism, and various other sectors to accelerate sustainable business practices and advance the Sustainable Development Goals (SDGs), drawing nearly 500 participants. According to the Sustainable Development Goals Report 2024, with only six years left, the current progress significantly lags behind what is needed to achieve the SDGs.
Without massive investment and scaled-up action, the achievement of the SDGs — the blueprint for a more resilient and prosperous world and a roadmap out of current global crises — will remain elusive. The report reveals that only 17 percent of the SDG targets are currently on track, with nearly half showing minimal or moderate progress and over one-third stalled or regressing. With over 60 percent of the world’s population, the Asia and Oceania region represents more than two-thirds of projected global growth.
Its vast networks of supply chains, including those linked to travel and tourism, are integral to international production, trade, and investment. Asia and Oceania’s rich cultural diversity, strides in digitization, and legacy of business innovation uniquely position the region to lead in advancing corporate sustainability on the global stage. Businesses in the travel and tourism sect.