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.
Join Devex, the largest online community for international development, to network with peers, discover talent and forge new partnerships — it’s free. Then sign up for the Devex Impact newsletter to receive cutting-edge news and analysis every month on the intersection of business and development.
See more:
About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. 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.
