The Panama Canal and Istmo Co., S.A. signed a cooperation agreement for the joint development of projects that integrate environmental, social and economic dimensions. This alliance seeks to strengthen the capacity of both entities to implement sustainable solutions that generate a positive impact on the communities and the environment.
Panama Canal promotes sustainable development
According to spokespersons from both organizations, the agreement aims to promote innovation and operational efficiency through initiatives aligned with the Sustainable Development Goals (SDGs). Actions aimed at the responsible management of resources, the promotion of the circular economy and the reduction of the ecological footprint are foreseen.
One of the main axes of this cooperation will be the design of projects that apply international sustainability standards. Both the Panama Canal and Istmo Co., renowned for its textile production from recycled plastic, consider it essential to promote resilient development models that generate shared value.
Working with strategic allies allows us to accelerate the transition to a more sustainable and efficient economy.
Ilya Espino de Marotta, deputy administrator of the Canal, said.
Istmo Co. emphasized that this agreement opens new routes to scale sustainable solutions for the benefit of Panamanian society.
The agreement also contemplates impact measurement mechanisms, monitoring of environmental indicators and active participation of local communities.The agreement also includes impact measurement mechanisms, monitoring of environmental indicators, and the active participation of local communities. With this step, both institutions consolidate their position as regional leaders in the adoption of responsible business practices.
Source and photo: Panama Canal