PHOTO CREDIT: THE LEMELSON FOUNDATION
Corporations must both grow their businesses in a global environment of high competition and dwindling natural resources and support the environment and the communities where they operate. Supporting SGBs can help. Through their core business, their sustainability practices, or both, corporations that work with SGBs see concrete returns.
SUPPORTING SGBs CAN HELP BY PROVIDING:
SUSTAINABLE SUPPLIES OF GOODS AND SERVICES. Brands like Nestlé and Walmart rely on the collective input of hundreds, even thousands, of suppliers. By supporting SGBs in the supply chain, these businesses are ensuring sustainable access to the resources they need now and in the future.
INNOVATION. SGBs that focus on new products or markets allow corporations to incubate ideas or experiment with new lines of business. Corporations that support these new ventures with financial resources or mentorship can ultimately expand into exciting new areas.
LICENSE TO OPERATE. Corporations demonstrate concrete and long term commitment to equitable growth when they support SGBs in the communities where they operate. A robust network of local business partners enhances operations and builds positive associations for the brand.
NEW MARKET DEVELOPMENT. Support for SGBs in markets or segments where the corporation is not yet active paves the way for future growth. Through mentorship or training programs, corporations strengthen the SGB environment and cultivate new customers, partners, or distribution networks.
WANT TO DO YOUR PART TO HELP SGBs?
Support SGBs in your supply chain. Give them the skills and access they need to connect to your core business, to your partners, and to your customers.
Invest in SGBs to innovate or cultivate new markets.
Partner with SGBs bringing value-added solutions to your industry.
The examples below show how corporations are working with SGBs through their core business, their sustainability arms, or both.