News from 2017-06-28 / DEG
Global Sustainable Development Goals: how DEG contributes
The international community has set an ambitious framework for fostering development with the Agenda 2030 for sustainable development and the global sustainability goals (SDGs). The contributions of private enterprises are of vital importance for realising these development goals. DEG supports economically successful businesses that act responsibly and partners with them to boost development effects.
DEG is now publishing its latest Development Report, highlighting the contributions its customers make to achieving the sustainable Development Goals. The companies co-financed in 2016 alone created and secured approx. 145,000 jobs and pay EUR 280 million annually in taxes and more besides.
Measuring effectiveness: Development Effectiveness rating
To measure the impacts of its investments, DEG developed the new Development Effectiveness Rating (DERa) in 2016. As part of this initiative, customer goods and services are evaluated in five categories: decent jobs, local income, market and sector development, environmental stewardship and community benefits.
Example projects highlight local impacts
The new Development Report also presents examples of how companies, banks and funds make specific contributions to local development and DEG's role in supporting them. For instance, in El Salvador the financial institution, Banco Promerica, implemented an environmental and social management system assisted by DEG, thus benefiting the customer, its borrowers and local people.
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