WASHINGTON, April 17, 2024 /PRNewswire/ -- Government,
private sector, and civil society leaders gathered in Guatemala City for the "Conference on Social
and Environmental Impact of Private Investment in the Northern
Triangle of Central America." They
discussed the social and environmental benefits derived from
private investment with a focus on the transformative impact of
the HUGE Business & Investment Council Founders in
Honduras, the United States, Guatemala, and
El Salvador (HUGE). These
investments have already had a positive impact on the lives of
people and communities in the region.
Founders showcase their investments in the
economic, social, and environmental development of the Northern
Triangle.
"Private investment is driving significant social transformation
in the Northern Triangle countries. Companies that invest in
communities, the environment and that offer stable jobs with social
benefits are the ones making the biggest impact on local economies,
and are the most loved and respected by citizens," commented Dr.
Juan José Daboub, President of HUGE.
The President of Guatemala, Dr.
Bernardo Arévalo, emphasized the significance of collaboration
across sectors to achieve sustainable solutions. Private sector
companies showcased their best practices and success stories in
social investment and community development.
Corporación AG of Guatemala has
been focusing on integrating sustainability into its business
strategy in recent years. One of their key efforts is to measure
and reduce their carbon footprint to 1.10 tons of CO2 per ton of
steel. Additionally, they have implemented measures such as the
operation of a wastewater treatment plant in the SIDEGUA Industrial
Park and the introduction of a green labels for sustainable
construction to certify their G60 and G80 rods.
During her intervention, the Executive Director of Grupo ILP,
Lorena Maduro, stated that, "At
Grupo ILP, our mission is to make a positive impact on the lives of
children and communities in Honduras through education, especially in
early childhood development. Over the past 26 years, we have
partnered with the Foundation for Education Ricardo Ernesto Maduro
Andreu (FEREMA) to benefit over 3 million children through various
projects."
In 2023, Grupo Financial Ficohsa of Honduras unveiled their new sustainability
strategy focusing on ESG. By investing in education programs like
the Ficohsa Foundation, the Tu Conciencia Financiera program and
the TENGO platform, as well as Mujeres Adelante, they are already
having a major impact.
The event, organized by HUGE, in collaboration with the Center
for Strategic & International Studies (CSIS) and the Foundation
for the Development of Guatemala -
FUNDESA, demonstrated how private investments are driving
development and sustainability in communities, while also fostering
collaboration across sectors, with the ultimate goal of achieving
sustainable economic growth and expanding access to opportunities
for citizens of the Northern Triangle, helping them to achieve the
"American dream at home." The success stories that were shared
demonstrate the ability of the private sector to greatly improve
the living conditions for thousands of NT citizens.
For more information about the HUGE Business & Investment
Council, please visit www.think-huge.org
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SOURCE HUGE Business and Investment Council