Leveraging a Growing Sector
By joining the Buy For-Benefit Coalition, organizations can take a large step toward operationalizing purpose, cleaning up harmful supply chain practices, advancing the 2030 Agenda, and creating benefit for all stakeholders, while providing satisfying long-term profits and viability to shareholders.
Coordination, and Cooperation
Members and Partners collaborate and reinforce each other’s activities and impact:
Companies, governments, NGOs, IOs, and other purchasers commit to implementing a for-benefit procurement preference;
NGOs and civil society organizations offer validation of approaches and guard the integrity of the Coalition;
Governments support the work by creating enabling laws and regulations;
Asset owners, banks and financial institutions provide investment and support to for-benefit companies; and
Academic institutions and advisory firms contribute to the development and implementation of tools and know-how.
Development & Launch of the Coalition
SYSTEMIQ, and the Fourth Sector Group working in partnership with the World Economic Forum (WEF), International Chamber of Commerce (ICC), and CARE, and with support from the UK’s Department for International Development (DFID), are delighted to announce the launch of the Buy For-Benefit Coalition at the World Economic Forum 2020 Annual Meeting in Davos, Switzerland.
We are extremely grateful to the following organizations for informing and contributing to the design, development and creation of the Coalition over the past year: Accenture, BMW, British Academy’s Future of the Corporation programme, Edelman, Goal 17 Partners, Google Food Labs, Hershey’s, McKinsey & Co., o9 Solutions, Philips, Rockefeller Foundation, Salesforce, SAP, Unilever, Verizon, KPMG, Thompson Reuters Foundation, TU/e.