Written by Wilson Rangel Sustainability Consultant.
According to the report, ‘Approaching the Future 2020’, the commitment of companies to the 2030 Agenda has increased progressively over the last 5 years, being today the third most relevant trend for the executives consulted.
Among other data, about 41% of the companies are already working on the Sustainable Development Goals, and 60% claim to have defined the SDG on which they will focus their contribution to 2030 Agenda. These data reflect the growing interest in the corporate world to generate investment to achieve an impact on the SDG.
Despite this, institutional transformation has been slow to align business resources into effective actions to meet these ambitious global goals by 2030. In fact, a recent UN report points to an urgent need to modernize the global financial system in order to meet the SDG.
Indeed, the United Nations Conference on Trade and Development (UNCTAD) in 2019 discussed the need to increase financing to meet the ODS. Neverlethless, the key point is to make the best use of these resources, and the efficiency of these resources per se can help attract more resources.
For this reason, several international organizations have promoted Impact Evaluation as an effective way to provide scientific evidence of the impact of social investments on SDG. In Latin America in particular, the IDB Group uses Impact Evaluation to close knowledge gaps and build more effective investment models, with a view to increasing the efficiency and scale of investments that work best.
Corporate results frameworks, Impact Evaluations, and other tools help assure governments, aid funds, donors, and investors that the money has a tangible impact. In this way, social investment resources can be focused on the projects that have the greatest impact on SDG.
The ambitious goals of the Sustainable Development Goals have become a major challenge to meet. For this reason, the participation of the various stakeholders in society is fundamental: Governments, NGOs, companies, civil society. ALLCOT as an organization focused on climate change and sustainability services has managed to properly identify the structural conditions of the current market and understand that the key point is to increase resource efficiency.
ALLCOT has a portfolio of services focused exclusively on organizations that are interested in working on Sustainable Development Goals. In particular, these services are focused on efficiently managing the resources of the organizations and generating the greatest possible impact.
For organizations that are in an early and intermediate stage, ALLCOT provides advice for SDG Mapping, understanding what the impact of the organization’s business model with ODS is. It also helps organizations SDG Quantify in their business model. Finally, it supports organizations in managing the impact on SDG through an Improvement Roadmap.
On the other hand, for organizations that are at a mature stage and make social investments in particular programs, ALLCOT provides advice on measuring impact on SDG, and thus helping organizations to efficiently invest their resources in the right programs.
Achieving the ambitious Sustainable Development Goals of 2030 Agenda is a major challenge for society at large, but the best way to meet the challenge is to use all resources in the most efficient way. This ensures that the resource is generating the greatest possible impact.
From ALLCOT we offer our clients a wide range of possibilities to strengthen their strategy and message on sustainability.
Written by Natalia Rodrigo Vega, Head Group Business Development ALLCOT.
Established in 2009, ALLCOT is a veteran project developer offering knowledge, expertise, and management to initiatives that reduce greenhouse gas (GHG) emissions to actively combat the climate crisis under Article 6 of the Paris Agreement is aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs).
ALLCOT develops emission reduction projects under various carbon quantification standards (CDM, VCS, GS) and for various sectors (forestry, waste, renewable energy) covering the entire carbon credit value chain its later management in the markets created under the Paris Agreement.
ALLCOT supports projects, companies and public bodies to improve their sustainability performance by offering consultancy services, including the development of strategies to calculate, reduce and offset GHG emissions, as well as the identification of best practices for reporting on Sustainable Development Goals (SDGs).
For ALLCOT, sustainability has always been a priority on our agenda and modus operandi, is part of the DNA of all of us who make up ALLCOT. At ALLCOT we are committed to sustainability towards our employees. Without a sustainable model for our TEAM, it is difficult to sell a sustainable business model to outside.
Therefore, from our organization we promote flexibility and teleworking before the pandemic. The fact that our staff are masters of their time, without leaving aside their work commitments, improves their self-esteem and efficiency in their jobs and, at the same time, allows them to reconcile with their personal life, hobbies and other
obligations. In fact, we have seen that there has been no decrease in the response capacity during the pandemic and we have all been working at maximum capacity all these months.
The COVID-19 pandemic is significant threat to the health and well-being of billions of people around the world. As the world begins to open up from the blockages and enters a state of unprecedented vulnerability, or what many have called “the new normal” it makes sense to reflect on what we have learned, review our fundamental assumptions, and begin to chart a course to continue working TOGETHER to build a sustainable world.
Without a doubt, the pandemic has had a significant impact on our work. On the one hand, in view of our projects being implemented, the pandemic has made field visits impossible and follow-up and socialization work has had to be done remotely. This has not paralyzed our work, but it has slowed it down and helped to generate more uncertainty in the study of primary and secondary sources.
For this reason, ALLCOT has invested all its strength in seeking alternatives to these new uncertainties generated in the project and to be able to successfully close all its phases.
On the other hand, in relation to the projects that we had pending to execute, we have to adapt and reinvent ourselves to this “new normality”. The coronavirus pandemic presents an excellent opportunity for us to act in solidarity so that we may be able to turn this crisis into an incentive to achieve the United Nations Sustainable Development Goals.
Initially, our objective was focused on supporting companies and institutions, both in thepublic and private sectors, focused on leisure activities, events, catering and tourism. As a result of the pandemic, these sectors are defined as the most affected, so their financial capacity is limited to being able to continue their business and it is very difficult for them to make extraordinary investments. For this reason, from ALLCOT we have strengthened our scope of prospecting and opening business towards the food, energy and transport sectors.
From the company we offer our clients a wide range of possibilities to strengthen their strategy and message in sustainability. Our work relates to non-financial reporting, sustainability reporting, environmental footprint reporting (emissions, plastic) and our flagship product: the mapping, identification, quantification and monitoring of SDG.
ALLCOT has merged its know-how in climate change project development, being our strengths the development of quantification and monitoring tools together with its experience in sustainability to develop a unique and innovative tool. This tool helps us to know at regional (country, nation) and sector level, the degree of commitment and alignment with SDG and Agenda 2030.
Article originally published in Corresponsables.