By Davide Fiedler, Manager, Social Impact, WBCSD - this article was originally posted on The Practitioner Hub for Inclusive Business
Companies are increasingly becoming aware of the population segments living at the base of the economic pyramid (BoP) as potentially important customers, diverse new sources of supply, and strategic distribution and retail partners. As all of us active in this space know believe, inclusive business provides an optimal congruence of private sector and development policy interests and objectives around the Sustainable Development Goals agenda, as this concept can offer “new opportunities for innovation, growth, and competitiveness at the same time as positive social and development impact.” Nonetheless, due to a wide range of barriers, the concept is still far from being a mainstream business practice.
What role can business associations and networks play in view of promoting inclusive business with their members? How does this concept resonate locally, regionally, and globally? How can these institutions help address some of the internal and external barriers faced by companies active in developing and scaling up these types of ventures?
A dedicated session taking place during the second Inclusive Business Asia Forum in Manila, Philippines will zoom in on the above questions.