Overview

The GrowInclusive Platform developed by the International Development Research Centre (IDRC), World Bank Group and World Economic Forum integrates existing reporting standards, but at the same time aims to build upon them and develop new benchmarking methodologies that would enable better comparability. The Platform is built to be agile and interactive, allowing business, investors and policymakers to benchmark their Environmental, Social and Governance (ESG) impact and their contribution towards the Sustainable Development Goals (SDGs).

The platform aims to serve as a tool for impact-oriented partnerships, initiatives and resources to help scale best practices and drive more activity towards inclusive and sustainable business models.

Partners

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation.

The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

Its activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society. The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, international organizations and academic institutions.

They believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

The World Bank Group has set two goals for the world to achieve by 2030:

  • End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%
  • Promote shared prosperity by fostering the income growth of the bottom 40% for every country

The World Bank is a vital source of financial and technical assistance to developing countries around the world. They are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.

Established in 1944, the World Bank Group is headquartered in Washington, D.C. They have more than 10,000 employees in more than 120 offices worldwide.

International Development Research Centre (IDRC) supports research in developing countries to create real and lasting change. This knowledge can be used as a tool for addressing pressing global challenges. They share it with others by:

  • providing developing-country researchers with financial resources, advice, and training to find solutions to local problems;
  • sharing our knowledge with policymakers, researchers, and communities around the world;
  • fostering new talent by offering fellowships and awards; and
  • putting new knowledge into the hands of those who can use it best to address global challenges.

Part of Canada’s foreign affairs and development efforts, IDRC invests in knowledge, innovation, and solutions to improve the lives of people in the developing world.

The Federal Ministry of Economic Cooperation and Development, Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung, (BMZ) is a cabinet-level ministry of the Federal Republic of Germany. Founded in 1961, the Ministry works to encourage economic development within Germany and in other countries through international partnerships. It cooperates with international organizations involved in development including the International Monetary Fund, the World Bank Group, and the United Nations.

Freedom and security for all, and a life without poverty, fear and environmental destruction is the aim of Germany's development policy. The guiding principles of its development cooperation will be protecting human rights and fostering developing countries' sense of ownership and ability to help themselves.