What is inclusive business?


Inclusive business

 

“A well balanced, inclusive business approach, according to certain standards and ideals, is essential for the proper governance of any country.” – Zina O’Leary, Senior Sociology Lecturer

An inclusive business is a sustainable business that benefits and supports low-income societies. Through the inclusion of low-income communities in its value chain, the concept of inclusive business contributes to poverty reduction.

Inclusive business leads to the creation of employment opportunities for low-income communities, directly or through companies’ value chains as suppliers, retailers, distributors or service providers.

Therefore, companies can develop ways to supply affordable products and services to meet basic needs for food, water, housing and healthcare.

Additionally, inclusive business models build collaborations between development goals, as well as the company’s core business operations.

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