Economic Growth

Like all markets, social-benefit markets provide a platform for buyers and sellers to exchange commodities, but they are distinguished by their unique goal of improving social and environmental conditions. For example, most people are familiar with carbon trading markets, which aim to reduce greenhouse gas emissions. Social-benefit markets are not only a promising strategy to combat pressing social and environmental problems; they are also contributing significantly to the world economy, with trading volumes estimated to reach $1 trillion by 2020. Still, the problems that these social-benefit markets address are large, complex and multifaceted; their development and sustenance therefore will require novel entrepreneurial approaches.

More than 450 investor, company and capital market leaders convened at the Investor Summit on Climate Risk today to map out the next steps for increased action on climate change. The strong showing of leaders, who ranged from institutional investors to state and city pension fund fiduciaries to corporate executives, demonstrated the growing mainstream attention to the greatest threat of our generation.

Gayle Grindley, Natural Channel Sales Director for Unilever, has travelled with Whole Planet Foundation and met microcredit clients in Austin, San Diego, Phoenix, in Guatemala in Central America (pictured), in Paraguay, South America and in Togo, West Africa.

Small businesses play a critical role in the global economy, contributing to economic opportunity, diversity and the overall health of our communities. If current trends continue, however, we may soon wake up in a world where many of these businesses have closed and only a few of the very largest players remain open.

Small businesses are already the biggest generator of jobs in America. They make up almost half of private sector employment. Those of us in tech and in the public sector need to take the next step to rev that engine more.

Working together with policymakers, regulators and enterprises, GRI raises awareness and enhances reporting capacity on key sustainability issues in the Indo-Pacific region. GRI’s programs with the Australian government contribute to building a more inclusive economy that ultimately creates a higher quality of life.

What gift would you give for the holidays that costs $56? Chris Temple and Zach Ingrasci lived on $56 for 56 days in Guatemala and filmed Living on One Dollar, a documentary that has raised over $300,000 for Whole Planet Foundation, funding 1,600 microloans for Guatemalans living in poverty.

Barclays has become the first UK bank to launch a range of green finance products to help its corporate clients fund low-carbon projects and investments.

It’s the season of gratitude and a time to celebrate the impact of 2017. Whole Planet Foundation wants to acknowledge the achievements of our microfinance partners’ field officers, who are often the main point of contact between a microfinance organization and the entrepreneurs financing their businesses with microloans. In 2014 we piloted a new Field Officer Appreciation Award in the Africa & Middle East region of our work and this year, the foundation awarded its fourth year of awards to nominated field officers. In total, this region currently includes 28 partner institutions.

Microensurer Cebuana Lhuillier Insurance Solutions (CLIS) has joined Business Call to Action (BCtA) with a commitment to increase the number of Filipinos covered by microinsurance from 6 million in 2016 to 8 million in 2020, expanding insurance coverage to 60 percent of the country’s population.