African business leaders, entrepreneurs and economies can benefit from and help develop significant economic opportunities, worth $1 trillion in the region and $12 trillion globally if they pursue sustainable business models.
This is according to the African Better Business, Better World report from the Business and Sustainable Development Commission. According to a press statement, in Africa alone, sustainable business models could open up an economic prize of at least $1.1 trillion and create over 85 million new jobs by 2030.
The press statement noted: “Throughout 2017, the Commission will focus on working with companies to strengthen corporate alignment with the Global Goals, including: mentoring the next generation of sustainable development leaders; creating sectorial roadmaps and league tables that rank corporate performance against the Global Goals; and supporting measures to unlock blended finance for sustainable infrastructure investment.”
Mark Malloch-Brown, chair of the Business and Sustainable Development Commission said: “The world is seeing increasingly that African companies are models for what can be achieved with ingenuity and innovation as they solve difficult social challenges.
He added: “The Better Business, Better World report launch in Nairobi puts the African private sector squarely in the drivers’ seat on the road to achieving sustainable development, and we welcome more African business leaders to join the Business Commission.”
“We need to show these ideas work not just in a report but on the business frontline,” said Dr. Amy Jadesimi, CEO of LADOL, a Nigerian logistics and infrastructure development company, and a member of the Commission.