In this section, we will update you with announcements from the ecosystem of inclusive business, pre-selected according to their relevance for inclusive business ventures.
List: IB in the news
Endeva in partnership with iBAN (the Inclusive Business Action Network) are organising Meet & Multiply as a side event at the Intellecap’s “Sankalp Africa Summit” in Nairobi, Kenya on February 20, 2019. It will be an opportunity for East African entrepreneurs and established companies to meet the founders and CEO’s of successful inclusive businesses that are interested in scaling their model in East Africa.
Under the SheTrades in the Commonwealth programme, selected women-owned businesses, business support organizations and corporations will benefit from a wide range of opportunities to expand their business and jointly advance women economic empowerment. Application deadline is 25 February.
Don't miss the chance to send us questions for the February issue of CLUED-iN, which will focus on how to make the business case - to investors, senior managers, customers, and others - for inclusive business. We will explore the ultimate question: Why should different stakeholders support inclusive business?
Simply send your questions to firstname.lastname@example.org by 31 January 2019 and Jack will respond via podcast released with the next online magazine issue.
The WHEEL Impact Bond would work towards helping 2000 marginalized tribal women in Maharashtra & Madhya Pradesh to become self-reliant and empowered by training them to become poultry farmers (microentrepreneurs), with a specific outcome target of an average annual net income of INR30,000 through this intervention. The social outcomes of the Bond directly align with the SDGs.
Grow Asia, a multi-stakeholder partnership platform that catalyses action on inclusive agricultural development in Southeast Asia, today announced a new partnership which will strengthen its work to increase the productivity, profitability and environmental sustainability of smallholder agriculture through innovative solutions and inclusive business models.
[...] As India emerges as an attractive market for impact investing, there lie some greater synergies with CSR. So far these synergies are not tapped enough but they clearly exist as both CSR and sustainability reflect the need for aligning the business goals with the need for society.
While impact investment and CSR are based on the belief that businesses can be used to affect positive environment and social change, yet there is a fundamental difference. CSR remains voluntary and self regulated, impact investment must demonstrate social as well as financial return.
With demand for sustainable goods and sustainability claims on the rise, Gold Standard, the benchmark standard for climate and development interventions, has launched SustainCERT, a social enterprise that will provide user-centric and tech-driven impact assessment for sustainability-minded businesses and investors. While corporate climate commitments are increasing and impact investing is accelerating – companies and investors still face barriers to credibly and efficiently quantify and report on their social and environmental impacts.
Essilor, a French-based international ophthalmic optics company, commits to further expanding its unique inclusive business and philanthropic programmes to eradicate unprotected and uncorrected poor vision in the Kingdom of Bhutan. The Group has signed Letters of Intent with the Royal Government of Bhutan and the Central Monastic Body to sustainably strengthen the country's vision care infrastructure. By training women and men to become primary vision care providers, Essilor will support them to open up optical stores in their communities.
On Wednesday was the launch of the Inclusive Business Capacity-Building Fund, a seed fund established by the PBSP to kick-start IB projects. The fund has a goal of raising P100 million from the private sector, and has two main objectives: First, to serve as a source of financing for communities and entrepreneurs to launch small businesses, or improve the quality and delivery of their existing products; and second, to fund business and financial management training to community-based enterprises to help them integrate and stay productive as part of larger value chains.
The leaders of Group 20 (G20) gathered in Buenos Aires, Argentine during the last week of November. At the meeting, the global leaders declared that they will endeavor to further create enabling conditions for resource mobilization from public, private and multilateral resources, including innovative financial mechanisms and partnerships, such as impact investment for inclusive and sustainable growth, in line with the G20 Call on Financing for Inclusive Business. Read the full document how the G20 wants to bridge the financial gap for Inclusive Business.