'SDG practices can unlock $12 T in opportunities for exporters'

The country's exporters can unleash $12 trillion worth of business opportunities by adopting practices aligned with the Sustainable Development Goals (SDGs), according to the Philippine Exporters Confederation Inc. (Philexport).

- By LOUELLA DESIDERIO

During the 2024 National Exporters' Week and National Export Congress, Philexport president Sergio Ortiz-Luis Jr. said exporters can unlock $12 trillion in business opportunities by delivering the United Nations (UN) SDGs.

Adopted by UN member states in 2015, the SDGs seek to create a more just, sustainable and peaceful world by 2030.

Ortiz-Luis urged exporters and manufacturers to adopt sustainability into their businesses to create new markets or expand existing ones even as they face challenges in the global trade environment.

"More than a trend, going green has evolved to be our core strategy in sustainably developing and growing our exports," he said.

He said businesses can gain by taking advantage of mega trends that support consumer shifts including the adoption of circular business models and carbon labelling, including for food and consumer packaged goods.