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
In this first Call for Concept Notes, the Programme is inviting innovative ideas for specific impact investing products, tools and services that address system level market barriers and that aim to increase the flow and distribution of capital aligned to the Global Goals to Sub-Saharan Africa and South Asia. The deadline for submitting concept notes is Wednesday, 20 November 2019, 12 pm BST.
Intellecap expects to launch a regional innovation hub for South/South East Asia in May 2020 and wants to know all of the relevant small and growing enterprises in the region. If your enterprise operates in South or South-East Asia and seeks to increase food production through sustainable water and energy usage, then take a few minutes to fill out the questionnaire. This will also shortlist you for the Hub staff so they know to reach out when new funding opportunities arise.
Bangladesh Business Innovation Summit concluded with a call for focusing on innovation and business diversification to achieve inclusive growth and utilize the true potential of the country’s economy. To share local and global best practices and approaches to innovation, Bangladesh Innovation Conclave (BIC) hosted Bangladesh Business Innovation Summit-2019 powered by Mastercard and organized by Bangladesh Brand Forum in Dhaka yesterday. The key focus of the summit was to drive innovation within different sectors; “For Bangladesh, innovation is the only way to achieve its vision.
The UK aid-funded DaNa Facility and Myanmar Young Entrepreneurs Association (MYEA) today announced the launch of the Inclusive Business Challenge to raise awareness of the potential of inclusive business and to provide recognition for enterprises that create significant social impacts. The Challenge is one of the annual series of enterprise awards organized by MYEA and presented at the Annual Entrepreneurship Summit.
High-level Government officials, executive managers from inclusive businesses, support agencies and international organisations gathered today in Kuala Lumpur for the first National Forum on Inclusive Business for Malaysia, organised by SME Corporation Malaysia, an agency under the Ministry of Entrepreneur Development, with the support of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Inclusive Business Action Network (iBAN).
Credit Suisse is launching an ambitious push into responsible investing. The move comes as wealth managers eye up a new generation of rich clients, whom they believe want to make money more purposefully. The Swiss bank wants to manage more than 100 billion francs ($100.7 billion) in line with sustainable investment criteria, by the end of next year, it said in a statement on Friday. The push is championed by Marisa Drew, a high-profile former investment banker who enjoys the trust of CEO Tidjane Thiam.
4 September 2019: The UN Development Programme (UNDP) has released a proposed set of standards to guide private fund managers towards investments that advance the SDGs. The standards are open for comment and consultation through 4 December 2019. The proposed standards titled, ‘SDG Impact Practice Standards for Private Equity Funds,’ aim to help the private sector move from interest in the SDGs to adopting good practice on SDG investments.
The survey by OECD will ask respondents about responsible business activities carried out by their company in order to understand how agribusinesses in Southeast Asia are implementing responsible business practices and in particular risk-based due diligence across agricultural supply chains. There is also a strong interest in understanding how the recommendations in the OECD-FAO Guidance for Responsible Agricultural Supply Chains (OECD-FAO Guidance) are being incorporated into company policy and actions. The survey will take approximately 20-30 minutes to complete.
Global consultancy firm Palladium has announced a US$40 million impact investment fund aimed at bridging the financing gap for small businesses in Sub-Saharan Africa. The Palladium Impact Fund I will provide capital for SMEs in emerging markets, focusing on agribusiness value chains and off-grid clean energy in Nigeria, Ghana and Kenya. Palladium said it aims to alleviate poverty and economically empower over 500,000 rural households, creating at least 3,500 full-time jobs.