The G20 has a long-standing history of support to inclusive business. Starting with the G20 Challenge Competition on Inclusive Business Innovation (2011-2012) that awarded companies with innovative inclusive business models, G20 leaders have increasingly emphasized the important role that inclusive businesses play in the context of sustainable development. This was highlighted most recently during the Chinese Presidency in 2016 in the G20 Leaders’ Summit Communiqué as well as the G20 Action Plan on the 2030 Agenda for Sustainable Development.
The G20 Framework on Inclusive Business agreed upon during the Turkish Presidency in 2015, established a common understanding of inclusive business approaches and identified how different actors can support the development of inclusive business. The initiative to set up the G20 Global Platform on Inclusive Business (GPIB) in 2016 went one step further by compiling knowledge and facilitating exchange and collaboration between policymakers based on evidence. The GPIB focuses on policymaking in the areas of finance, capacity building, information, and rules and regulation.
Under the German G20 Presidency, a one-day conference on 5 May 2017 in Berlin will continue the ongoing work around the role of governments in proactively promoting inclusive business policies by engaging the private sector to accelerate the pace of addressing poverty, while creating opportunities to address social and environmental challenges and in the process aligning with the Sustainable Development Goals (SDGs).