Shell Foundation Report

Submitted by SeanG on April 19, 2005 - 15:20.
Session Title:
Enterprise Solutions to Poverty
Organization:
Shell Foundation
Description:

Enterprise Solutions to Poverty

Opportunities and Challenges for the International Development Community and Big Business

2005 is shaping up to be a big year for poverty but increased aid, fairer trade and cancelled debt will not be enough to lift the poor out of poverty - permanently.

Enterprise Solutions to Poverty argues that enterprise and business thinking must be placed at the heart of the war on poverty if we are really going to "Make Poverty History" in 2005.

The report contains the latest information about Shell Foundation pilots across the developing world and shows how the value-creating financial assets of companies such as Shell can be harnessed to provide greater social returns on investment.

Enterprise Solutions to Poverty ends by calling for partnership between government, civil society and big business to be recast in 2005 so that business thinking can be applied to the poverty challenge by ensuring the enabling environment can deliver the jobs and economic growth that the poor desperately want.

Form more information see the Shell Foundation Homepage


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Shell_Foundation_Enterprise_Solutions_to_Poverty.pdf452.61 KB
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Submitted by Al Hammond on April 21, 2005 - 11:52.
I'd like to draw attention to two points made very strongly by Kurt Hoffman in his intro to the Shell report. See at http://www.shellfoundation.org/articles_speeches/ending_poverty.html One point is the importance of jobs in alleviating poverty, a conclusion underscored by the recent report of the Commission on Africa. But jobs are created by enterprise, especially small enterprise. And as Hoffman says, that "suggests there is much more to beating poverty than aid spending alone." The second point is that the aid agencies often do not know how to leverage the skills of the private sector. "When business, especially big business, is approached to become a partner in tackling poverty, the international development community doesn’t know how to extract the highest value from business participation. Instead, it basically asks for money or requests the presence of star CEOs at high profile but usually ineffective talking shops." Instead, for example, of creating a better enabling climate for enterprise, or lowering the risk of business investment, or making start-up funding available. Shell has injected some fresh thinking into this area that is worth careful consideration by NGOs and development agencies alike. Al Hammond

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