Greening: Engaging the private sector

Corporations want to be more engaged in global development work, but they are looking to donor agencies for leadership, according to British Secretary for International Development Justine Greening.

“They want to be part of the framework but I think they recognize it’s one that probably needs to be set by both developing country governments but also governments like the UK who are involved in dev too,” Greening said at an event organized last month by Devex Impact at the U.K. Department for International Development’s headquarters in London.

Corporations also want from donors clearer definitions about what responsible investment is, and policies that help create more business-friendly environments, she added.

Greening also had a specific request from CEOs: engage more, look for ways to create a more sustainable business models and explore how to work together more smartly.

This is the first of a three-part series of videos from Devex Impact’s conversation with Greening.

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About the author

  • Adva Saldinger

    Adva Saldinger is a Senior Reporter at Devex, where she covers the intersection of business and international development, as well as U.S. foreign aid policy. From partnerships to trade and social entrepreneurship to impact investing, Adva explores the role the private sector and private capital play in development. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.