COVID-19 and the Poor: Inclusive Business has solutions, but needs radical collaboration
When you are poor, social distancing is not an option, and hygiene and health services are often not available. When you live in a slum, you have to go out to make money, you take a mini-bus to work, you go to crowded market for groceries, and to the pump for water. The current pandemic […]
Cohabiting with a Virus: We Must Learn to Live Life on Land More Sustainably
On Saturday 21 March, the world celebrated the UN’s International Day of Forests. But instead of stepping out into nature or joining one of the many activities planned to recognise this day, many of us are – voluntarily or not – staying put in our homes, amid the bleak global fallout from the coronavirus outbreak. […]
Shaping a Sustainable Post COVID World: 5 Lessons for Business
Today we have the acute Herculean task to protect the lives of 100,000s, the health of millions and the livelihoods of billions. Nothing should detract us from winning this war. But as we fight it we should seize the chance too to create a new, more resilient, healthy, equal society that lives in equilibrium with […]
Precarious and Informal Work Exacerbates Spread of Coronavirus
The scarcity of coronavirus test kits means that most people who fall ill will not get tested until they have serious health problems that require hospitalisation. This is a perfect storm for the two billion people globally employed in the informal economy: you are unsure whether you have the virus; you may not be at […]
Is your company working to advance the Sustainable Development Goals?
Is your company working to advance the Sustainable Development Goals? Does your organization transform lives and markets with sustainable solutions to development challenges? If so, we want to hear from you. FT/IFC Transformational Business Awards is inviting applications from forward-thinking companies and impact investors whose work proves that the private sector can help drive sustainable […]
Five Golden Rules of Successful Partnerships
Fortunately, there is a wealth of experience about what works and what doesn’t, and in my role at Business Fights Poverty I have been fortunate to observe and learn from many individuals and organisations over the past 15 years. Take a look, for example, at the close to 400 articles on our site, our reports that explore case studies, […]
How Business Can and Should Solve Social Problems
The coronavirus crisis is a major and imminent social problem. But, unfortunately, it’s far from the only social problem that the world in 2020 faces. Climate change, income inequality, population growth, resource usage, the displacement of workers through automation – the list is endless. Who should solve these social problems? We typically look to governments […]
Social Impact Measurement and Business: What, Why, and How?’
On February 27th, Business Fights Poverty held a live written discussion to explore how we can measure, manage and get the most from our social impact. This article provides you with a vivid flavour of the panel members’ perspectives on some of the topics that were raised. This was one of our liveliest online discussions […]
The Morning Show: How Business and Television Can Help Us See Possible Contributions to Peace
The Morning Show aired its first ten episodes in Fall, 2019 and quickly gained multiple nominations and awards in Hollywood’s award season. The show centers on the kind of morning program popular in the U.S. and elsewhere that features a mix of news, interviews, weather, and special segments, usually including some goofy or cute ones. […]
Why Off-Grid Energy Matters…And How it Can Matter Even More
That’s why we commissioned 60 Decibels to aggregate and share, for the first time, data collected on 49 off-grid solar companies in a new report – “Why off-grid energy matters” – launching this week at the Global Off-Grid Solar Forum & Expo in Nairobi. This was no small undertaking – it includes data from across 17 […]
A New Way to Measure Impact, Both Good and Bad
Total Societal Impact measures the wider impact of ventures, both positive and negative. Considering social impact can lead to new markets. Digital solutions offer opportunities to lower carbon output and create new business models. The world is facing a series of difficult problems right now, from climate change to societal and economic challenges. It’s imperative […]
How to Profitably Serve the Last Mile
High cost of maintaining a single brand distribution network While some of the most profitable companies in the world are working on solutions for the last mile, the costs of maintaining these distribution networks remains a challenge, given the low profit margins. Even when product costs are low, maintaining a network of sales reps to […]
Time for a Decade of Collaboration
“The good news is that the 2030 Agenda is coming to life…and we are making progress…But let us be clear: we are far from where we need to be…That is why today,…I am issuing a global call for a decade of action to deliver the Sustainable Development Goals by 2030.” António Guterres, UN Secretary-General, […]
Is it Time for Davos to Decelerate?
I visited the event once again for what I think must be my 15th trip— and it evokes mixed emotions every time I attend. Here’s how I described the Davos experience in my book, sponsored by Business Fights Poverty, released in 2018. “The Intrapreneur: Confessions of a corporate insurgent” questions the Davos phenomenon: So what’s […]
Entering a Decade of Action: Making the SDGs a Matter of Priority
As we enter 2020 the clock is ticking louder than ever before when it comes to the Sustainable Development Goals (SDGs). While progress has been made since the SDGs were launched in 2015, we are not advancing at the speed or scale required. In recognition of this, the United Nations has called for 2020 to […]
Reflections from the UK-Africa Investment Summit
Last week’s UK-Africa Investment Summit brought together a wealth of businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa. Involving over 800 delegates, 21 African countries, dozens of side events, and hundreds of meetings, the summit meant that 2020 started with a bang. Having invested in […]
Demystifying Impact Measurement and Management for Inclusive Business
Rabayl, what does it mean to be the Impact Specialist at Business Call to Action? I see my role as a coach and guide, working with inclusive businesses to help them better understand and manage the effects they are having on low income populations, whether they are direct or indirect, positive or negative. Most companies […]
The Real Meaning of ‘Business with Purpose’
‘Business with a purpose’. ‘Stakeholder capitalism’. ‘An economy with a conscience’. These are the catchphrases I hear on everyone’s lips this week at Davos. We could certainly do with stakeholder capitalism. Capitalism’s great engine of growth has also become one of obscene inequality. This week Oxfam revealed that the world’s billionaires own more wealth than 4.6 […]
Why ESG is Core to Long-Term Success in Venture Capital
Successful VC-backed companies have the potential to create large numbers of jobs and deliver impactful services. This is particularly true in emerging markets where the technology-enabled firms targeted by VC investors can leapfrog market constraints to enable large-scale access to essential products and services, including to under-served groups, and create a path into the formal […]
Refugee Food Entrepreneurship: How the Business Community Can Support Sustainable Livelihoods
The global refugee population is at the highest level on record and there is no sign of the crisis abating. The most common private sector response is donations to address immediate humanitarian needs. But, with the average displacement ranging from 10 to 26 years, support is also needed to build sustainable livelihoods for refugees, especially […]