Integrating SDGS into business strategy - SDG #3 : Good Health and Wellbeing
As described in my blog entry February 3rd, I will be referring, on a weekly basis, to each of the SDGs: facts, targets, and how could companies be engaged. This week is about SDG#3 -Good Health and Wellbeing
Over 6.2 million malaria deaths were averted between 2000 and 2015 and although an estimated 2.1 million people were infected with HIV in 2013, this is down 38% from 2001.
Roughly 2 billion people cannot access the medicine they need and 6 million children die before reaching their fifth birthday.
Non-communicable diseases are the greatest cause of death globally, with an estimated 40 million deaths in 2015, representing 70% of the overall total. The majority of these deaths came from four non-communicable diseases (NCD): cardiovascular (45% of all NCD deaths), cancer (22%), chronic respiratory disease (10%) and diabetes (4%).
According to the WHO,global fatalities from traffic accidents(both occupants and pedestrians) were approximately 1.3 million in 2017 (nearly 3,600 per day) and cost most countries approximately 3% of GDP through the cost of treatment, loss productivity,etc. In addition,up to 50 million people incur non-fatal injuries each year as a result of road crashes.
Targets: There are 13 targets. Targets and the indicators to track progress can be found here https://www.un.org/sustainabledevelopment/health/
Companies engagement: Out of the 13 targets, five seem to be actionable for the businesses in the context of their investment decisions:
SDG 3.3: "By 2030, end the epidemics of AIDS, tuberculosis, malaria and neglected tropical diseases and combat hepatitis, waterborne diseases and other communicable diseases."
SDG 3.4: "By 2030, reduce by one third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and wellbeing."
SDG 3.6: "By 2020,halve the number of global deaths and injuries from road traffic accidents."
SDG 3.8: "Achieve universal health coverage, including financial risk protection, access to quality essential healthcare services and access to safe, effective, quality and affordable essential medicines and vaccines for all."
SDG 3.9: "By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals andair, water and soil pollution and contamination."
According to a recent Morgan Stanley report, there are five different sort of companies that, with the right investment decisions,could really make an impact on delivering the targets of SDG#3:
Pharmaceutical, Biotech and Medtech companies that have exposure through providing products and services to help treat infectious and non-communicable diseases.
Auto Suppliers that are improving auto safety through equipment (airbags,etc),advanced driver-assistance systems (ADAS) and auto sensors.
Health Insurance Companies