Verisk Maplecroft joins leading businesses pushing UK gov’ to prioritise sustainable recovery from COVID-19

Matt Moshiri, president of Verisk Maplecroft, joined scores of leading businesses and organisations by adding his name to a letter sent to the British Prime Minister on Tuesday 9th June. The letter calls on the government to use the UN Sustainable Development Goals (SDGs) to frame Covid-19 recovery plans.

Coordinated by the UK Stakeholders for Sustainable Development (UKSSD) and the United Nations Global Compact Network UK (GCN UK), the letter references a statement made by the Prime Minister at the Financing for Development event on 28 May where he called for a "fairer, greener and more resilient global economy" after Covid-19. He said that:

‘We must work together to get shared goals back on track including the Sustainable Development Goals’.

The letter supports this and states ‘we do not need to reinvent frameworks or agreements, we can instead use the global goals as the basis for a socially just and green recovery in the UK and abroad’.

Early evidence from the Business and Sustainable Development Commission showed that if implemented the SDGs create at least US$12tn in business opportunities in just 60 market hotspots and estimates this could be 2-3 times bigger across the whole economy.

“Putting pressure on the UK government to build the SDGs into Covid-19 recovery is the right thing to do. Verisk Maplecroft is committed to playing its part in building a sustainable, more equitable future and the prime minister has an obligation to heed this call and take the necessary action,” says Matt Moshiri. 

Other signatories include leaders of Natwest Group, Nestle UK & Ireland, Linklaters, Clifford Chance, The Body Shop, SSE, HSBC, Standard Life Aberdeen, Mott MacDonald and Unilever and filmmaker Richard Curtis.

The letter states that the ‘SDGs provide an internationally agreed framework, which also works at national, regional and local level, alongside and reinforcing existing plans and commitments.’

It asks that the SDGs be used ‘used to consolidate and future-proof [recovery] plans’ and goes on to recommend that they are used to:

  1. Prioritise the most vulnerable in our society and level-up regional and societal inequalities
  2. Build coherent policies for a healthy planet and to aid the transition to net zero
  3. Unite all sectors behind a plan to build a stronger and more resilient economy

The SDGs are part of the UN’s 2030 Agenda for Sustainable Development and give a “shared blueprint for peace and prosperity for people and the planet, now and into the future”. There are 17 Goals at its centre, encompassing climate action, education and health.

Unfortunately, the UKSSD Measuring Up report, found gaps in policy or inadequate performance for 57% of targets, and 15% where there is little to no policy in place to address it, or where performance is poor. It anticipates that this situation will be worsened by the societal and economic impacts of Covid-19.