Build resilient infrastructure, promote sustainable industrialization and foster innovation
The UN explains:
Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure.
The UN has defined 8 Targets and 12 Indicators for SDG 9. Targets specify the goals and Indicators represent the metrics by which the world aims to track whether these Targets are achieved.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all
9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries
9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets
9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities
9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending
9.a: Facilitate sustainable and resilient infrastructure development in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing countries and small island developing States
9.b: Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities
9.c: Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries by 2020
Investments in public services such as energy, transport, ICT infrastructure, waste and water are among the largest and longest-term capital investments that society makes. Adequate and resilient infrastructure underpins future economic growth, has long-lasting effects on the environment, and it helps people access the resources they need for a higher quality of life.
It’s an ongoing process – aged infrastructure needs to be maintained, updated or replaced. It is estimated that the global shortfall on necessary basic infrastructure investments needs is $1 trillion. Globally, about 2.6 billion people cannot access a reliable electricity source, with another 2.6 billion without access to basic sanitation. 1.5 billion people have no access to reliable phone services, and over 4 billion don’t have access to the internet.
What can business do? Review your transport and building infrastructure to identify efficiencies. Consider investing in local transport improvements that would deliver a direct business benefit to you. Check how disruptive technologies or innovative business models could impact your market. Explore your digital potential (both what you do and how you do it).