Promote inclusive and sustainable economic growth, employment and decent work for all
The UN explains:
Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty.
The UN has defined 12 Targets and 17 Indicators for SDG 8. Targets specify the goals and Indicators represent the metrics by which the world aims to track whether these Targets are achieved.
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
8.2: Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small-and medium-sized enterprises, including through access to financial services
8.4: Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead
8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
8.6: By 2020, substantially reduce the proportion of youth not in employment, education or training
8.7: Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms
8.8: Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
8.9: By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products
8.10: Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
8.a: Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries
8.b: By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization
Business has a big impact on people: 65% of the world’s population are of working age; over 200 million are unemployed; 168 million children are working; 2.3 million deaths are attributed to work with work-related injury or illness costing on average 4% of global GDP.
Creating jobs is one of the fundamental ways in which business supports economic growth.
What can business do? Put a value on the economic impact generated by the jobs your company creates to evidence your licence to operate. Check you have a policy on human rights and that it is being adhered to throughout your supply chain. Check what programmes you have in place to reduce workplace injury and recruit and retain people with disability – are both improving?