The 2015FT/IFC Transformational Business Awards shortlisted three IFC inclusive business clients in the ‘Achievement in Inclusive Business ‘category which recognizes business models that reach the BOP.
As the Presidency of the G20 for 2015, Turkey hosted representatives from government, business, and academia for a one day workshop on Inclusive Business prior to the Development Working Group meeting in April.
IFC is the leading investor in businesses that offer goods, services, and job opportunities to low-income communities. IFC calls these "inclusive business models", which are commercially viable and replicable business models that include low-income consumers, retailers, suppliers, or distributors in core operations.
Since 2005, IFC has committed over $12.5 billion and worked with over 450 inclusive businesses in over 90 countries. These companies have integrated more than 250 million people, including farmers, students, patients, utility customers, and micro borrowers in core business operations. These investments are helping to improve lives, promote prosperity, and transform sustainable development outcomes in low-income communities around the globe.
Inclusive business investments span the entire IFC investment portfolio. Inclusive business models are operational in a variety of sectors, including agribusiness & forestry, ICT, education, health, financial markets, retail, housing and utilities. This range demonstrates the broad applicability of inclusive business as a commercially viable mechanism for integrating individuals at the base of the economic pyramid.