ESG (environmental, social and governance) factors have become increasingly important in business decision making, investment and finance. ESG, Corporate Social Responsibility (CSR) and the United Nations Sustainable Development Goals (SDGs) have proven not only ethical, but profitable and hence have become interesting to a wide swath of the business community. Kountable will become the first source of ESG data at scale on transactions involving SMEs.
We’re proud to say that every trade Kountable has ever done has contributed to at least two of the United Nations Sustainable Development Goals (SDGs). Kountable was born out of a desire to better integrate small and medium enterprise (SME) owners into the global economy. We built our proof of concept in East Africa, and based on our business model, every project we’ve completed has met SDG 8 for promoting economic growth as well as SDG 17 for providing goals-focused partnership through private investment. Most projects contribute to more than two SDGs on the United Nations’ list.
A natural product of our system of record for trade involving SMEs is the ability to generate ESG, SDG and CSR-relevant data points for SMEs previously invisible to the global trade network. This data can be consumed by the ESG teams of our corporate, government, foundation, NGO and banking partners to support greater investment and deal flow to SME trade, and to allow organizations to get validated credit for the impact of working with local small and medium-sized enterprises.