5 Advantages of Mapping Patents to the UN Sustainable Development Goals

1. Performance Measurement and Control
Under each of the 17 UN Sustainable Development Goals, there are targets that, when reached, will lead to the achievement of the goal. These are global in nature and are universally applicable and complemented by indicators at the regional and national levels (developed by Member States). They can be mapped to advancements in science and technology as expressed through patentable inventions. The detailed framework is maintained by the UN Statistics Division and is documented in the SDG Indicator Database, which includes a repository of metadata.
In Creating a Strategy for a Better World PricewaterhouseCoopers surveyed over 1,100 companies who reported:
2. Identification of Technologies That Match UN Sustainable Development Goals Targets and Indicators
3. Identification of Risks and Opportunities of Sustainable Technological Development
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- Identification of growth opportunities in emerging markets
- Competitive advantages in future-oriented technologies
- Support of strategic decision making for sustainable investment
- Understanding involvement and identify gaps in sustainable technology development
- Tracking progress of investments in sustainable R&D and technology over time
- Learning which sustainable technologies make an impact and which are less relevant
4. Portfolio Management and Competitive Landscape Analyses
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- Identifying competitive strengths and weaknesses
- Increasing portfolio efficiencies
- Defining country filing strategies
- Managing annuity costs
- Uncovering pruning potential and cost-saving opportunities
See which companies are investing in sustainable technology and the strength of their portfolios related to the UN Sustainable Development Goals as measured by the Patent Asset Index on UN SDG 13.
5. Identification of Collaboration Partners, M&A Targets, and New Entrants in UN Sustainable Development Goals Related Technologies
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- Specifically, PatentSight analytics can be used to:Study acquisition targets’ patent portfolios
- Analyze innovation landscapes and technological fit
- Find key patents within portfolios
- Determine critical issues like average ages, remaining lifetimes or legal status
Mapping patents to the UN Sustainable Development Goals allows businesses to objectively measure progress, understand their portfolio as well as their competitor’s, find licensing and M&A targets and analyze risks and opportunities within the Sustainable Development framework. Essentially, with a strong SDG portfolio, the analyses results can be used to strengthen the position, internally and externally. With a weak SDG portfolio and ambitions to improve, goals and Key Performance Indicators can be implemented to measure progress.
Watch the On-Demand Webinar Calling for Action: How to Track and Measure Sustainable Innovation and Investments to learn how you can gain an unparalleled view into the global innovation landscape and empower decision-making for opportunities in sustainable technology.
Read When IP Meets Sustainability: Mapping Patents to the United Nations Sustainable Development Goals and SDGs vs ESGs: What is the Better Measure of Sustainability? to learn more.
*There are four SDGs not directly connected to technology and thus cannot be associated with patents.
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