GoParity offers investment opportunities in sustainable projects. Therefore, it’s necessary to define which projects fall within our mission to drive sustainable development. Our definition and objectives for sustainable development are in line with the United Nations Goals: "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs".
More specifically, for a project to be considered impactful or sustainable, it must contribute to the achievement of at least one of the 17 United Nations Sustainable Development Goals (SDGs). For this, we consider all the targets of each SDG.
There are projects that contribute to more than one of the SDGs and others that focus only on one SDG's.
As a rule, what defines whether the project has a positive impact (is sustainable) or not, is the activity to be financed, that is, where the campaign money will be used. For example, a project focusing on a shirt production plant and funding for the placement of solar panels aiming to make its facilities more sustainable, reducing its ecological footprint, has an impact and is sustainable, contributing to SDGs 7, 9 and 12. In these cases, the impact measured is the direct consequences of the project to be financed.
At the same time, there are companies and/ or organizations in which its main mission is to reach one or more SDGs but the financing will be for treasury or support costs for its development. These types of projects are still accepted as impact or sustainable projects, because the financing objective is to support these companies/ organizations to continue to grow and develop their mission. Consequently, the scope of one or more SDGs is supported, such as the Schools of Heroes project or the Peru II Organic Cocoa project. In these cases, the impact measured is the impact of the work of the company/ organization where the amount will be invested.
Our mission is to cover all 17 points. The following points are the ones that we have focused most on when approving projects to be funded and those that inspired the creation of project categories:
Our vision covers all 17 points. The following are the ones we are most concerned with when approving projects to be financed:
#1: End poverty in all its forms everywhere;
#6: Ensure availability and sustainable management of water and sanitation for all;
#7: Ensure access to affordable, reliable, sustainable and modern energy for all;
#11: Make cities and human settlements inclusive, safe, resilient and sustainable;
#13: Take urgent action to combat climate change and its impacts;
#14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development;
#15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
Based on the projects funded to date, we have created 5 categories to which we attribute the different projects we have: Water and blue economy, Sustainable Energy, Business in Transition, Social Economy and Sustainable Land Use.