Impact
In this journey our clients are our allies, their achievements are our goal, their struggles are our challenges, because their impact is our purpose
Why is it important and why now?
In 2015 the United Nations launched the Sustainable Development Goals (SDG), intending to end the most prominent social world challenges by 2030. Seventeen SDG were defined as priorities to guide governments, businesses, and civil society. Although governments are trusted to implement the SDGs at a national level, it is recognized that without the action of the private sector the goals will not be achieved, with severe consequences for the people and the planet. The challenge became even bigger with the Covid-19 Pandemic, which posed a major threat to the progress of the SDG.
Responsible business and investment, regardless of the size and industry, will play a crucial role in promoting inclusive and sustainable economic growth.
What are the SDG?
SDGs are a collection of interrelated goals to address the most challenging social, environmental, and economic global issues. The SDG matrix is built based on 17 goals and disaggregated in 169 targets and 230 indicators.
Why is that important to your organization?
As Governments, Intergovernmental organizations, and DFIs incorporate SDGs in their policy, and investment strategies, private investors are more prone to finance and support social and environmental solutions, ideas, and organizations.
Increasingly, consumers and employees are engaged and educated on social impact, Corporate Social Responsibility (CSR), and the SDGs. Consumers and employees look for products, services, brands, and companies with a social positive (or neutral) impact on our society.
In summary, businesses and investors are aligning their strategies with the SDGs and moving from a shareholder approach to a stakeholder approach driven by a social and environmental movement.
Market trends to be considered
There is clear evidence that the private sector is incorporating strategies that balance profit and purpose, moving towards a stakeholder’s approach.
The objective is not to lower profit expectations at the expense of social good but rather to incorporate a social-driven strategy to achieve long-term economic and social growth.
The private sector acknowledges the need to address social issues to drive long term growth. Other reasons include meeting clients’ and investors’ expectations, employee engagement, public relations, and branding.