Geneva, August 17, 2015 - Across the world, companies of all sizes are developing inclusive business ventures aimed at meeting the basic needs and aspirations of the base of the pyramid (BoP). Opportunities for forward-thinking businesses abound in terms of commercial returns and market value – market entry, market share, secure supply chains, product line innovation, competitive advantage. But companies also face challenges in developing and scaling these ventures targeting this low-income market segment.
In view of sharing the latest insights in this space, two conferences convened in the course of July brought together business executives, corporate innovators, investors, international organizations, public sector representatives, NGOs, and academics. The BASE III Forum in Mexico City (June 29 to July 1, 2015) was convened by the Inter-American Development Bank’s Opportunities for the Majority Initiative . For its part, the BoP Global Network Summit in Burlington, VT (July 16-17, 2015) was organized by Enterprise for a Sustainable World (ESW) and University of Vermont (UVM) in collaboration with the BoP Global Labs.
The World Business Council for Sustainable Development (WBCSD) was a partner of both events. Filippo Veglio, Director of the Social Impact Cluster, moderated two panels featuring WBCSD members Firmenich, Nestlé, PepsiCo, and Tata. The panel in Mexico City focused on linking small producers to value chains, and highlighted ongoing innovations, challenges faced, and lessons learned by firms in their ongoing work with small producers. In Burlington, the panel discussed the practicalities of corporations moving beyond individual, piecemeal inclusive business initiatives toward thinking about how the BoP fits into strategies focused on corporate growth, competitiveness, and sustainability.
Both events provided an excellent occasion for the Council, its members (over a dozen of them featured as speakers – Acciona, CEMEX, Firmenich, Jain Irrigation, KPMG, Nestlé, PepsiCo, SABMiller, Shell, Tata, Unilever, and Veolia), and Global Network allies (BCSD Argentina and BCSD Colombia were present in Mexico City) to interact with an influential audience on lessons learned and solutions toward ever greater scale in this space.
Read a detailed roundup of both events via the WBCSD blog:
Inclusive business facts, trends, and innovations – Wrap-up from the BASE III Forum in Mexico City (June 29 to July 1, 2015) http://www.inclusive-business.org/2015/08/base-iii-forum-mexico-city.html
Provoke, discuss, and act – Perspectives from the BoP Global Network Summit (July 16-17, 2015) http://www.inclusive-business.org/2015/08/bop-global-network-summit-verm...
Visit www.inclusive-business.org for more information on the WBCSD’s work in inclusive business, which is part of the Action2020 platform, our science-based agenda for action engaging companies across the globe to implement innovative and scalable business solutions targeting nine priority areas to 2020 and beyond.
For any questions or comments, please contact Filippo Veglio email@example.com or Tel. +41 22 839 31 08.
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