Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Doing Business with the World - The New Role of Corporate Leadership in Global Development

 
African Accounts - Meet The Authors
Judy Wawira , Profile Judy Wawira
Profile
International , Resource International Monetary Fund
Resource
Ken , IREN Kenya Ken Teyie
IREN Kenya
Zahid , BAA Zahid Torres-Rahman
BAA
African Accounts - Meet The Authors
Doing Business with the World - The New Role of Corporate Leadership in Global Development
   

Geneva, 10 October 2007 - Poverty remains the main challenge facing the countries that will be the home of 85% of the world's population in the decades to come. Some 2.7 billion people worldwide continue to subsist on less than US$2 per day. The challenge facing the global community is to eradicate extreme poverty and to foster economic development that benefits all while preserving natural habitats and biodiversity. Business is a core human activity, and it will be instrumental in bringing about sustainable development.

This new publication ( 3.2 MB) by the WBCSD Development Focus Area shows how companies can contribute to global sustainable development through their core businesses in a way that is profitable for the companies and good for development. It offers a business perspective on key challenges and opportunities for the development of poor countries, as well as key messages for companies and governments on how to promote sustainable business solutions that benefit the poor and the societies and environments in which they live.

The issues selected are not exhaustive, but they reflect both traditional areas for development actors and business. The issues are Ecosystems, Education and Training, Energy, Enterprise Development, Financial Flows, Governance, Health, Mobility, Trade, and Water.

Key messages The key messages for business and for governments are:

For business:

Given the right conditions, the private sector can improve the lives of people in the low-income segment through direct employment, procurement from local suppliers and delivery of affordable products and services.

Companies can contribute to vocational training and capacity building, invest in energy infrastructure and renewable energy solutions, support healthcare initiatives and education, reduce dependence on scarce raw materials, create new businesses to preserve ecosystems (wetland banking, mitigation credit trading, etc.) and help governments embed good governance, thereby increasing regulatory transparency for business itself.

For governments:

Policies and legislation are required to establish the necessary framework conditions, including financial and taxation legislation, business regulation, and clearly defined ownership and property rights.

Governments need to demonstrate their commitment through investment in core infrastructure, and they can encourage investment and engagement on the part of large corporations by creating a favorable investment climate through regulatory transparency.

For more information, click here. To learn more about this author, visit Shona Grant's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
What can business and governments do to promote SMEs?
  Poverty remains a major challenge to sustainable development, environmental security, global stability and a truly global market. The key to poverty alleviation is economic growth that is inclusive and reaches the m...
Corporate leadership in global development
  Poverty continues to be one of the main challenges facing the countries that will be home to 85% of the world's population in the decades to come. Today some 2.7 billion people worldwide continue to subsist on less ...
Leadership by Example
  How can you encourage people in leadership roles throughout your organization to be more fully engaged in the leadership process? As a CEO, Vice President, Director or any other “KEY” leader, you play a very impor...
Business Management May Turn Super Workers into Super Failures
  Promotion from within is what many companies desire and what many employees strive to reach. However, are the skills being recognized the skills needed within that promotion? Read how you may be creating super failu...
Introduction: Stock Market Development in Sub-Saharan Africa
  This paper examines the economic importance and the future of African stock markets. It seeks to shed light on the controversial link between stock market and economic growth— from both corporate finance and macro...

Related Forum Posts Related Forum Posts
BDC BDC
Del Castienne - International Business and Project Brokers Del Castienne - International Business and Project Brokers
Relevant Marketplaces Relevant Marketplaces
Re: BDC Re: BDC
seeking investors for global finance opportunity seeking investors for global finance opportunity
Exclusive: Interview with Results Exclusive: Interview with Results
Name for website Name for website
Different Hats Different Hats

 
About the Author


Shona Grant
(Visit Shona's Website)
Shona Grant is the Director of the Development Focus Area at the World Business Council for Sustainable Development (WBCSD) based in Geneva. She is responsible for managing a work program aimed at accelerating the business contribution to development, through awareness building of “what is possible”, advocating for improvements in framework conditions, and brokering real and sustainable business opportunities between WBCSD members and other stakeholders. Shona is seconded from BP and joined the WBCSD in November 2005. She joined the Research Division of BP in 1987 and has since held a variety of roles in the Exploration & Production and the Executive Office. Prior to moving to Geneva she was Asset Manager for a portfolio including several offshore production facilities and logistics for their Norwegian operations.
Have A Suggestion?

View Author's Video
Become An Author

Free Downloads


Shona Grant's

Complete
List Of
African-Accounts
Articles


First Name
Last Name
Email
 
If you enjoyed this article, get Shona Grant's Complete List of African-Accounts Articles For FREE!
Become An Author