Partnering for Poverty Reduction: The Growing Sustainable Business Initiative

Author: W. Day, S. Gandhi & J. Giersing, United Nations Development Programme , Published on: 1 July 2005

Inspired by the 2002 Global Compact Policy Dialogue on “Business and Sustainable Development”, UNDP developed the GSB [Growing Sustainable Business Initiative] to facilitate business-led enterprise solutions to poverty in advancement of the Millennium Development Goals (MDGs)... the GSB helps companies identify and develop investment opportunities, helps bridge access to finance..., helps broker partnerships and helps resolve political barriers to successful implementation...GSB investments must be relevant to local contexts, not distort the market and respect the Global Compact principles, among other criteria...[refers to GSB investment projects by Ericsson, Tetra Pak, Unilever, Total, e7 Fund (e7 companies are: American Electric Power, EDF, Enel, Hydro-Québec, Kansai Electric Power (KEPCO), OPG (Ontario Power Generation), RAO-UES, RWE, Scottish Power, Tokyo Electric Power), EDF, Société Générale, Mad’Eole, Hotel Gasy, Dometic, Holcim/Tanga Cement]

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Related companies: American Electric Power Dometic EDF Enel Ericsson Holcim (part of LafargeHolcim) Hydro-Québec Kansai Electric Power (KEPCO) Ontario Power Generation (OPG) RAO-UES RWE Scottish Power Société Générale Tetra Laval Tetra Pak (part of Tetra Laval) Tokyo Electric Power (TEPCO) Total Unilever