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Published on Regoverning Markets (http://www.regoverningmarkets.org)

UNDP Growing Sustainable Business for Poverty Reduction

By billv
Created 2006-12-15 14:20

Growing Sustainable Business (GSB) is a platform for companies to engage in pro-poor business activities in developing countries with a challenging business environment. Looking beyond social investments and philanthropy, the GSB mechanism is a service offered to companies that seek to develop commercially viable business projects within their core business or value chain with a view to increasing profitability and/or engaging in new markets. At its core, the GSB provides a vehicle for a company to do well by doing good. For more information about GSB, download the GSB brochure.

The initiative grew out of the 2002 Global Compact [1]Policy Dialogue on Business and Sustainable Development and is a key response to the report by the Commission on the Private Sector and Development - Unleashing Entrepreneurship 2005. The initiative was conceptualized by the private sector, announced and launched at WSSD, Johannesburg 2002 - endorsed in high level session. The GSB is coordinated by UNDP in cooperation with the UN Global Compact Office and its core agencies. The GSB was also highlighted in the report from the Commission for Africa March 2005.

The Growing Sustainable Business initiative recognizes that given the little investment that is reaching rural and other less developed regions of developing countries, the Millennium Development Goals will not be achieved without sustainable investment by the private sector. The GSB further recognizes that the untapped market opportunities will enable multi-stakeholder & cross-sector partnerships to greatly assist enterprise solutions to poverty reduction.

In Zambia [2], includes:

In Kenya [3], includes:

 In Serbia [4], includes:

GSB website: http://www.undp.org/partners/business/gsb/index.shtml [5]


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