Sustainability

The government of Argentina adopted the UN Sustainable Development Goals (SDGs) in 2015 and aligned them with its national priorities. It has called for public and private sector collaboration to support achievement of the goals.

Covid-19 latest information

This guide is an accurate reflection of the pre-Covid-19 business environment in Argentina. Please note that due to the current situation, some circumstances may have changed in this country. Figures and data in the guide were last updated in May 2021.

Highlights

  • Argentina has achieved the SDG goal ‘partnerships for the goals’ and is on track to achieve ’quality education’ by 2030 according to the UN’s current assessment of SDG trends.
  • The country has pledged to eradicate poverty and inequality within and between countries and sees this as the main strategic focus of delivering the SDGs.
  • Argentina ranks 51st out of 166 countries on the SDG Global Rank 2020.

The ultimate aim of the SDGs is to end poverty, protect the planet and ensure prosperity for everyone. Each goal has specific targets that need to be met by 2030 to create a sustainable global economy.

  1. No poverty
  2. Zero hunger
  3. Good health and wellbeing
  4. Quality education
  5. Gender equality
  6. Clean water and sanitation
  7. Affordable and clean energy
  8. Decent work and economic growth
  9. Industry, innovation and infrastructure
  10. Reduced inequalities
  11. Sustainable cities and communities
  12. Responsible consumption and production
  13. Climate action
  14. Life below water
  15. Life on land
  16. Peace, justice and strong institutions
  17. Partnerships for the goals

Global ranking and progress

Argentina ranks 51st out of 166 countries on the SDG Global Rank 2020. It has achieved the goal ‘partnerships for the goals’ and is making good progress towards ‘quality education’ according to the UN’s current assessment.

Despite significant challenges, according to the UN’s review of the country’s SDG trends, Argentina is on track to achieve quality education by 2030.

After officially adopting the goals in 2015, the Argentinian government created the National Council for the Co-ordination of Social Policies to oversee the implementation and monitoring of strategy to achieve the goals. Argentina has signed up to the Paris Agreement and is also prioritising gender equality and female empowerment, particularly in an economic sense. The SDG theme of leaving no-one behind has been a key driver of the country’s inclusion policies for minority groups.

The past 20 years have seen reductions in poverty rates, the introduction of social policies and the amelioration of high inflation rates on basic food products through the adoption of both government-led and consumer-led mechanisms. Improvements in access to free healthcare have also been made alongside increases in education budgets and the extension of compulsory secondary age education. Challenges remain, particularly given the decentralised nature of the country and disparities between urban centres and rural areas, but the widespread changes to education availability are helping Argentina towards achieving the ‘quality education’ goal.

Business opportunities

Collaboration between the government, the private sector and society in general will be important in helping Argentina realise the SDGs. The Argentine Network for International Cooperation (RACI) is helping to coordinate civil society organisations and the public and private sector, using ICT to communicate their actions and the projects being undertaken to achieve the SDGs to a wider audience. The platform will also help identify gaps and opportunities for businesses to create and share solutions. It has been instrumental in helping Argentina achieve the first of its SDGs, ‘partnerships for the goals’.

A further collaboration between The Business Council for Sustainable Development Argentina (CEADS) and EY Argentina is helping to identify opportunities for business through the SDGs. Together, they have launched an SDG Platform to provide information on corporate initiatives and strategies aligned with the SDG agenda. To date, private sector companies have contributed to all 17 of the SDGs. During its presidency of the G20 in 2018, the Argentinian government reiterated its commitment to the key principles of the SDGs, prioritising:

  • Unleashing people’s potential through quality education;
  • Building infrastructure for development; and
  • Ensuring a sustainable food future, while promoting gender equality.

With the G20 working alongside the B20 business leaders, the role of the private sector and the opportunities for both national and global businesses was made clear.

HSBC is committed to helping businesses transition to a more sustainable future. Our network, financial expertise, tools and connections are supporting clients across the world to achieve their sustainability goals. The UN Development Program is supporting Argentina to tackle climate change and its impact on key productive sectors, such as winemaking.

Future developments

The UN Development Program (UNDP) has partnered with Argentina to support a number of actions towards the SDGs, including supporting health and social policies and equality of justice. With climate change a key challenge for the country, which faces periods of drought and flood, innovative methods have been established to measure and monitor emissions – a first step in helping Argentina understand and address the impact of many of its emissions-intensive sectors.

The UN Development Program is supporting Argentina to tackle climate change and its impact on key productive sectors, such as winemaking.

The UNDP has also been instrumental in providing funding to improve productivity and prosperity by supporting the growth of small and medium sized business enterprises in some of the more outlying areas of the country.