Achieving the UN Sustainable Development Goals and ISO 55000

extract from – Achieving the UN Sustainable Development Goals

Good Asset Management is a key enabler for organizations seeking to contribute to the achievement of the United Nations’ Sustainable Development Goals (SDG). Asset Management provides clarity of purpose and the management system to ensure that good intentions are turned into practical reality.

Effective and efficient organizations use a structured approach to their Asset Management in order to resolve competing priorities and ensure that long-term benefits are not sacrificed for more immediate needs. An Asset Management System (AMS) based on the ISO 55000 family of standards helps an organization to establish a coherent approach and coordinated delivery of appropriate resources and activities. It also incorporates monitoring and continual improvement elements to assure sustained achievement of the strategic objectives.

An effective and efficient AMS aligns an organization’s Corporate Social Responsibility (CSR) goals with daily activities and processes. Asset Management incorporates such goals into technical and financial decisions, to derive clear plans and activities. The AMS ensures performance delivery, monitoring and continual improvement to achieve the CSR goals at all levels.