After Turkey, Business+ is launched in Philippines

Oct 7, 2016

Manila, Philippines - UNDP IICPSD, The Philippine Board of Investments (BOI), and UNDP Philippines have joined efforts to conduct Business+ Philippines, a nationwide baseline survey developed by IICPSD to analyze Philippine businesses in terms of the inclusiveness of their core business operations and their awareness on Inclusive Business (IB) models.

Following IICPSD’s successful mission trip to Manila in August 2016, the partnership was formally launched on October 7, 2016 through the signing of a Memorandum of Understanding (MOU) by the Trade Undersecretary and BOI Managing Ceferino Rodolfo and UN Resident Coordinator and Resident Representative Ola Almgren, along with representatives from national business sector organizations.

The event attracted high-level participation from national business sector organizations including the Philippine Business for Social Progress Incorporated (PBSP), the Makati Business Club (MBC), the Management Association of the Philippines (MAP), the Philippine Chamber of Commerce and Industries (PCCI), and the International Chamber of Commerce Philippines (ICCP) which showed businesses’ strong interest in and commitment to the project.

By quantitatively analyzing the level of “inclusiveness” among Philippine companies, the study will guide the Philippines Government to take policy action to incorporate low-income populations into companies’ value chains. Noted by Undersecretary Rodolfo, “The involvement of the business community in the study is key to achieving meaningful results that may guide public and private sector work towards our shared goal of inclusive economic growth. We look forward to the private sector’s participation in this survey initiative.”

The outcomes of the research will also serve as a benchmark for market potentials and challenges of IB models across different economies, and shape future UNDP studies accordingly. “We hope that the study will be very useful for those within the government and the private sector who want to improve inclusive businesses as it aims to show the actual situation within the economy. Inclusive business approaches are key to achieving multiple Sustainable Development Goals, in particular ending poverty. Successful inclusive businesses are also drivers of innovation and collaboration. These can create opportunities for Filipino companies” said Mr. Ola Almgren, UN Resident Coordinator and UNDP Resident Representative in the Philippines.

The survey will run through an online platform from October 10 to November 5, 2016 and will be implemented in close collaboration with above specified national business sector organizations. The study is further supported by Senator Bam Aquino and the project’s academic partners Koç University, Istanbul Kemerburgaz University, and the University of Asia and the Pacific (UA&P).

Initial findings of the study are expected by the end of October and the final results will be documented in a report to be distributed among business leaders, policymakers, development practitioners and academic partners which is expected to be out in February 2017.  

After the pilot project in Turkey, the Philippines is the first country to implement Business+. With more countries in the pipeline, Business+ is expected to grow in its scope and impact across different settings.

About Business+

Business+ is a quantitative toolkit on inclusive business awareness which presents findings on which factors help inclusive businesses reach commercial success, social impact and sustainability. The in-depth and survey components of the toolkit provide baseline benchmarkable data on inclusive business awareness and uptake in country in which the toolkit is implemented. Findings also show capacity gaps and constraints in the national context, highlight the main areas for intervention, and provide policy implications and possible areas for intervention to increase the inclusiveness level of private sector actors in the country, thereby guiding national inclusive business strategies.  

Contact person

Murat Citilgulu, Consultant, Istanbul International Center for Private Sector in Development, murat.citilgulu@undp.org, Tel: +90 850 288 2533