SEC News: Business Innovation for the SDGs Forum at Bangkok 13-14 December 2022

06 Jan 2023
Innovative business models such as social enterprises and inclusive businesses such as those encouraged by the Sasin Sustainability & Entrepreneurship Center are on the rise. They aim to purposefully address social and environmental challenges while providing products and services to the base of the economic pyramid. And financiers are shifting from investing exclusively for profit to investing for impact. In Thailand and the region, government policies have played a key role in promoting similar business innovations while directing the private sector towards more inclusive and sustainable development. For example, government regulation led to the emergence of collective benefit companies obliged to create positive impact on society. Similarly, government policies are emerging which are targeted at promoting innovation within companies for clean energy transition in line with the ambitions of the Paris Agreement on climate change.   Against this backdrop, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Agencia Presidencial De Cooperación Internacional de Colombia (APC-Colombia) organized this Business Innovation for the SDGs Forum. The event was organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in collaboration with the Agencia Presidencial de Cooperación International de Colombia, 13-14 December 2022, in Bangkok. The exercise showcased how social and inclusive business combined driven by impact investing can accelerate progress on the UN Sustainable Development Goals. The overarching theme was facilitating South-South cooperation between the Latin America and Asia-Pacific regions. A hoped-for outcome was the triggering of cross-regional collaboration in pursuit of the Goals. During the conclave, experts shared their insights about mobilizing finance towards gender- diverse SMEs, delivering impact for youth entrepreneurs, and clarifying the future direction of the social solidarity economy. In striving to inspire, connect, and transform us to a better, smarter, sustainable world, fora like this help deliver cutting-edge dialogues for developing innovative policy and practice.
Share this article
You might be interested in...
Contact Us