Business for Inclusive Growth (B4IG) … Emmanuel Faber leads companies in seeking economic growth that is distributed fairly across society and creates opportunities for all
September 9, 2019
The Business for Inclusive Growth (B4IG) coalition was launched at the G7 summit in Biarritz on August 23, 2019, with the leadership of Danone’s CEO Emmanuel Faber, and supported by the OECD.
Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.
In many OECD countries, inequalities are at their highest levels in 30 years and are widening.
- The top 10% of income earners take home over ten times more pay than the bottom 10%
- Children whose parents did not complete secondary school have four times less chances of making it to university than children who have at least one parent with a university education
Today, 38 multinationals have signed the B4IG Pledge with a common goal: fighting against inequalities.
B4IG’s work is focused on advancing human rights in company value chains, building inclusive workplaces and strengthening inclusion in companies business ecosystems. Underpinning this work is an effort to develop key performance indicators on inclusive growth in business. The OECD is supporting, with its evidence and analysis, all strands of the work. Today, the work and commitment of the companies that compose B4IG is all the more important, given the global crisis, and its asymmetric effects, hitting the most vulnerable harder. The coalition is rapidly adapting these workstreams and accelerating collaboration to respond to the current crisis, the magnitude of which is only beginning to come to light. This collaboration will also become concrete in 2020 through the B4IG incubator which will accelerate 12 inclusive growth projects from B4IG members, advancing the coalition’s collective effort to fight inequality.