Reduce Your Corporate Footprint

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Reduce Your Footprint Corporate - Panama

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Meeting national climate commitments under the Paris Agreement, through the targets established in the Nationally Determined Contributions (NDCs), is a challenge for most countries that requires the inclusion of all sectors. As part of UNDP's "Climate Promise" program, which since 2019 has been working with more than 120 countries and territories to reduce their greenhouse gas emissions and address the challenges of climate change, the "Reduce your Corporate Footprint" (Corporate RTH) initiative has been implemented in Panama.

This voluntary national project has established a standardized process for measuring the carbon and water footprint of public, private and civil society organizations, developing a national system of merit-based recognition for good practices to promote climate action in all sectors of the national economy.

Last update: 24 Nov 2023

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Context

Challenges addressed

Pollution (incl. eutrophication and litter)

Lack of access to long-term funding

Changes in socio-cultural context

Lack of public and decision maker’s awareness

Scale of implementation

National

Ecosystems

Buildings and facilities

Theme

Mitigation

Sustainable financing

Standards/ certification

Pollution

Waste management

Location

Panama

Central America

Impacts

Environmental

In 2022, 158 organizations were registered. A total of 101 GHG emissions reports were received, totaling 1,750,478.60 ton CO2 eq.
In 2023, 15 corporations received recognition for improving water resource management and reducing consumption.
A GHG emissions baseline is being constructed for the country's organizational sector.
We support policies, programs, and strategies related to climate change in the organizational sector.

Social

Development of pilot programs in four municipalities.
Between 2021 and 2022, the number of registered companies increased by 119%.
In 2022, 101 organizations were recognized.
The carbon component of the program has 224 organizations registered in 2023.
RTH Corporate - Water has 52 registered organizations.
Having a national emissions registry facilitates the country's informed decision-making process.

Economic

Companies from various economic sectors participate, improving their operational efficiency.
Cultural change in participating companies by analyzing the climate variable throughout their production chain.
Launches pilot actions for demonstration purposes and reduces risks for investors.
Additional financing offers co-benefits related to improving the resilience of the territories.