The release of Inclusive Business List was done by Institute of Competitiveness in association with Hindu Business Line. The list features Essar among the biggest and most reputed names in business, including Abbott, Amazon, Tata, ITC and Jindal. The list was released by Prof. Ramesh Chand, Member, NITI Aayog at the Shared Value Summit in December, 2017. The Inclusive Business List identifies, assesses and recognises enterprises that are redefining the role of businesses in society. It includes companies that are imbibing inclusivity into their business models by addressing social and environmental problems which intersect with their businesses. The list was also presented to Hon’ble Minister Shri. Suresh Prabhu, Minister for Commerce and Industry.
The Idea Behind The List
Over the years, there has been growing recognition among firms of the benefits of shared value and a rising trend among them to pursue shared value activities. These businesses have integrated social good into their business strategies and are becoming increasingly inclusive in practice. Apart from the goodwill these enterprises gain from socio-economic business models, they have also found it economically profitable to pursue the goal of shared value. Since these companies are gradually becoming more inclusive in nature, but still have a long way to go before they manage to inculcate all the intricacies of being a shared value enterprise, we call them “Inclusive Businesses”. The Inclusive business List is launched with an aim to celebrate fifty such enterprises that are redefining the role of businesses in the society and to encourage them to continue down the path of shared value creation.
About Institute for Competitiveness, India: It is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. It is an international initiative cenetred in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy. It conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems.
About Shared Value Initiative India: It connects the business and community leaders towards defining the practice of shared value in India. This initiative is committed to bring forward the realization, understanding, adoption and implementation of the best practices for creating shared value among the companies, civil society and government organizations in India, thereby accelerating the economic and social progress towards a more equitable and sustainable world.
The details of the Inclusive Business List can be looked at http://sharedvalue.in/inclusive-business-list-2017/.
The pictures and the summit videos have been uploaded and can be accessed at http://sharedvalue.in/svs2017/.
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