An initiative designed to deliver a global economy with Nature, People and Planet at its heart has highlighted two Practical Action programmes as examples of good practice.
The Zurich Flood Resilience Alliance and the Global Distributors Collective have both been included in the latest impact report for the Terra Carta.
The Terra Carta forms part of Practical Action’s Patron, HRH The Prince of Wales’, Sustainable Markets Initiative, which provides a blueprint for how the private sector can help address the climate emergency and environmental degradation. The Terra Carta sets out an action plan to achieve this by 2030, by harnessing the power of Nature, combined with the transformative power, innovation, and resources of the private sector.
Both Practical Action examples combine a unique approach to development with private sector expertise to create sustainable change for good at scale.
Through the Zurich Flood Resilience Alliance, Practical Action works with communities vulnerable to flooding to enable them to better understand their risk and take the right actions to improve their resilience to disasters.
The Alliance’s vision is that floods have no negative impact on people’s and business’ ability to thrive.
The Global Distributors Collective (GDC) consists of over 150 last mile members around the world. They sell life-changing household products, including solar lights, water filters and medicines that enable some of the world’s most marginalised people to improve their quality of life and productivity.
Practical Action CEO, Sarah Roberts, said:
“The Terra Carta aims to radically shift business models and generate large-scale investment to build a more sustainable future, accelerating the transition to a world that puts Nature, People and Planet at the heart of global economies.
“I am delighted the Global Distributors Collective and the Zurich Flood Resilience Alliance have been included in the latest Terra Carta impact reporting, as they are working demonstrations of this in action.
“It is testament to Practical Action’s grounding in vulnerable communities, our innovative approach and our ability to convene actors across all sectors that these examples are being used as a blueprint for a better future.”
Between now and 2030, the Terra Carta will serve as the guiding mandate for the Sustainable Markets Initiative.
Practical Action will be supporting this critical work and will continue to provide examples from our work around the world to showcase replicable examples of where the private sector is working for good.
Find out more about the Terra Carta here.
The Global Distributors Collective was incubated and is hosted by Practical Action, with activities delivered in consortium with strategic and implementing partners Hystra and Bopinc. Funding is provided by UK Aid from the UK government via the Transforming Energy Access Platform.