The World Business Council for Sustainable Development (WBCSD) and the Latin American members of its Global Network, including CEBDS, launched the publication 'Contributing to the Sustainable Development Goals: the inclusive business approach'. The new publication addresses how inclusive businesses can deliver tangible business solutions to the Sustainable Development Goals (SDGs) launched by the United Nations (UN) in 2015.
Inclusive business, a term coined by the WBCSD in 2005, refers to companies that—going beyond philanthropy—attempt to improve the quality of life of underserved communities by integrating corporate value chains, such as customers, suppliers, business partners, and distributors. The importance of the term is highlighted in a report by International Finance Corporation (IFC), a member of the World Bank and Harvard University group, which points out that inclusive business is interesting for companies because it can offer new opportunities for innovation, growth and competitiveness, while also creating a positive impact on social development.
For Luan Santos, technical advisor and coordinator of the CEBDS Social Impact Thematic Chamber, the connection between inclusive business and the SDGs represents a unique opportunity for the business sector. "This publication helps companies understand the relationship between their businesses and the SDGs. More than that, it provides concrete examples of inclusive business solutions that add value to the company and contribute to achieving the SDGs," he notes.
The SDGs are part of the document “Transforming Our World: The 2030 Agenda for Sustainable Development” published by the UN. There are 17 Sustainable Development Goals in total, aiming to eradicate poverty, promote peace and equality, leverage universal growth, and protect the environment.
Access the CEBDS Blog and learn more about SDGs and Inclusive Business.
