Tanzania’s private sector has a critical role to play in the conservation of biodiversity for sustainable economic development and livelihoods. Businesses use biodiversity and can have significant impact on the environment by adopting and mainstreaming sustainable practices and strategies into business operations. By doing so Businesses can have a large and rippling impact of the environment by enhancing positive behaviours across areas of direct and indirect influence.
As part of the Secretariat’s efforts to help promote sustainable socioeconomic development the CEOrt has set about implementing initiatives under its Business and Sustainability Agenda. Key areas of focus include the global Climate Action agenda, the establishment of Sustainable Finance Principles and delivery of water, sanitation and hygiene results for children via the Smart Hands Tanzania project.
Climate Change Agenda
Taking the lead in driving responsible climate action.
With the increasing urgency of the climate change agenda, the CEOrt recognizes the opportunity for business leaders to take the lead in driving responsible climate action. Furthermore, Private Sector leaders are now being held more accountable to ensure the adoption of investments that accelerate decarbonization and investing in sustainable solutions as per Sustainable Development Goal 13, which calls for urgent climate action.
Smart Hands Tanzania
Promoting access to hygiene and sanitation products to low-income households.
The Smart Hands Tanzania (SHTz)1 “Mikono Salama” is a private sector-led initiative aimed at supporting water, sanitation, and hygiene (WASH) programming efforts through an equity lens by reaching the last mile distribution in Tanzania. Over the past year, the SHTz project has engaged with the private sector and has successfully on boarded nine private companies to support manufacturing, distribution, and overall project governance.
Sustainable Finance Principles
Helping to mold Tanzania’s financial landscape for a greener future.
Sustainable Finance Principles outline how the financial sector can use finance as a means to achieve social goals and divert the planet and its economy from its current path to a world that is sustainable for all. The Sustainable Finance Principles for Tanzania (SFPs) result from preliminary engagement of financial sector actors from Tanzania in 2019 and are intended as a starting point for, adopting and implementing Sustainable Finance Principles (SFPs) across banking and financial institution in Tanzania.