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WHY A BUSINESS PLEDGE

Decades of globalization and technological innovation have created strong economic growth, but a growing proportion of the population has been left behind. Rising inequality went hand in hand with declining consumer purchasing power, rising is trust of business, popular unrest and heightened social activism targeting companies. This year’s G7 summit, hosted by France, is an opportunity to showcase the role that the private sector can play in curbing rising inequality.

The French Presidency is inviting pioneering companies to join the OECD Business for Inclusive Growth Platform and drive a new model of growth that tackles inequality, including through innovative models of public-private collaboration.*

WHAT WILL THE PLEDGE ENTAIL

Companies that join the B4IG coalition and have their CEO sign the Business Pledge will:

1. Take commitments to tackle inequality:

  • Eliminating gender disparities;
  • Promoting equality of opportunities;
  • Reducing territorial disparities;


2. Support the creation of a project Incubator which will pilot and scale new business models for inclusive growth.
    The Incubator will work in tandem with the G7 Fund for Inclusive Growth that is currently being scoped and will
    pilot innovative financing Mechanisms of blended finance;


3. Co-create a framework for measuring business’ performance on SDGs.


The Business Pledge will serve as a roadmap for a three-year program of work led by the B4IG platform.

WHY JOIN THE COALITION?

  • To drive systemic transformation towards more inclusive growth and pilot new inclusive business solutions, with the help of an incubator and leveraging the G7 Fund.

  • To learn from robust research, key stakeholders and thought leaders to develop in-depth understanding of the inclusive growth agenda and its measurement tools, and how these connect with competitiveness of your company or industry.

  • To engage with government representatives to activate public policy solutions that encourage inclusive business and expand its impact.

HOW TO JOIN THE COALITION?

  • Join the Business for Inclusive Growth Platform (Express your interest to the contacts below)

  • Assign a senior leader/expert within your company to work on the elaboration of the Pledge and incubator from now to G7 summit in August 2019

  • Meet in Biarritz in August for the launch of the Pledge (CEO-level)

Contact: 

Romina Boarini, Senior Advisor to the Secretary-General and Co-ordinator of the Inclusive Growth Initiative, OECD; [email protected]

*The Business for Inclusive Growth (B4IG) platform is led by the OECD Chief of Staff and Sherpa, Gabriela Ramos, and is supported by an Advisory Board chaired by Emmanuel Faber, CEO of Danone.

                                                                                         
     
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