In 2020, we signed up to the United Nations Global Compact (UNGC), the world’s largest voluntary corporate sustainability initiative. Through its ten principles of responsible business, including human rights, labour, environment, and anti-corruption, the UNGC is a call to action for businesses and organisations to align operations and strategies with the UN’s Sustainable Development Goals (SDGs).

“In the wake of one of the most challenging periods in living memory, we believe that the values enshrined by the UN Global Compact and Sustainable Development Goals are ever more pertinent and sit yet more powerfully at the centre of the impact that Palladium delivers,” said our CEO Christopher Hirst at the time.

In 2021, we submitted our first global Communication of Progress, a report that brought together our global commitment to sustainable business through project work and corporate initiatives, detailing our ambition, approach, and impact, and how we will continue to push ourselves.

But our work towards achieving the SDGs began long before then.

“Mobilising capital from the private sector for social impact is most certainly possible, and it’s working.”

The 17 “Global Goals”, which span tackling global poverty, ensuring health and wellbeing, reducing inequities, building sustainable communities, and forming partnerships, are embedded in nearly every one of our projects. No matter who we’re working with or where in the world our projects take place, we’re tackling these critical development outcomes.

This experience makes us acutely aware of the financing gap created by COVID-19 and other urgent global challenges, which now stands in the way of achieving the Goals by 2030. Closing that gap will require the type of global cooperation that the UN envisioned from the start. For us, that means harnessing the power of our global partnerships and building new ones across a multitude of sectors. Despite the myriad challenges, in 2021 alone, we mobilised over $1B in capital, $747M of which was from the private sector.

Though it’s a drop in the bucket compared to the latest estimates of the SDG funding gap, it’s proof that mobilising capital from the private sector for social impact is most certainly possible, and it’s working.

In everything we do, we aspire to create enduring and positive impact, and embodying the values of the SDGs is a natural fit. The Goals recognise that ending poverty and other global challenges must go hand-in-hand with strategies that improve health and education, reduce inequality, and promote economic growth, all while tackling climate change and preserving our precious resources.

This is, of course, at the heart of our business and our work across the globe.

Download Our Global Impact 2021 to learn about our 200+ projects spanning 90 countries and 6 continents.