What is the role of business in creating sustainable development?
The Business Alliance Against Chronic Hunger is a truly innovative, interesting, and promising approach exploring how to build on the capacity and dynamics of business to create sustainable development and alleviate hunger and poverty. The initiative was started in 2006 by a group of visionary CEOs and public leaders, who outlined an action plan for business to help reduce hunger. Through BAACH, business leverage their expertise and capabilities to improve value chains – from production processing, and packaging, to retailing and marketing, with the aim to increase food supplies, nutrition, and income in regions with malnutrition and food insecurity.
The pilot project of the BAACH is now taking action on the ground in Kenya, in the Siaya region. Hear Roselyn Omondi, the program manager of the BAACH tell about the project and the experiences so far in this short video-interview:
Why is BAACH an important and interesting initiative?
Milton Friedman long time ago argued that the business of business is business, and their contribution to society would be through creating jobs and paying taxes, and maybe once in a while channel a bit of the surplus for charity. And indeed, in many development sector arenas the expected role of business still seems to be as donors of generous grants as part of a CSR scheme. Donations do have their reason to be, since for sure not all challenges and activities can be solved with a business model. But for really sustainable development, we need sustainability both on social, environmental, and economical parameters. Continue reading