The Role of Business in Reducing Poverty - Jane Wood

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Jane Wood, Director of Scottish Business in the Community, talks about the role of businesses in reducing inequality.

Stephen Boyd, Assistant Secretary of the Scottish Trade Unions Congress, talks about how the Scottish economy works.

The Whose Economy? seminars, organised by Oxfam Scotland and the University of the West of Scotland, brought together experts to look at recent changes in the Scottish economy and their impact on Scotland's most vulnerable communities.

Held over winter and spring 2010-11 in Edinburgh, Inverness, Glasgow and Stirling, the series posed the question of what economy is being created in Scotland and, specifically, for whom?

To find out more and view other Whose Economy? papers, presentations and videos visit:
http://www.oxfamblogs.org/ukpovertypost/whose-economy-seminar-series-winter-2010-spring-2011/

Published in: Economy & Finance, Business
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The Role of Business in Reducing Poverty - Jane Wood

  1. 1. Jane Wood Chief Executive, Scottish Business in the CommunityRole of business in reducing poverty
  2. 2. The need to change our model ofeconomic development is undeniable Pressure on businesses to: • Move towards sustainable business model • Engage with communities • Help people become economically active
  3. 3. TRIPLE BOTTOM LINESociety Environment Economy
  4. 4. Transforming the model Environment Society Economy• Ethical initiatives »• Ethical Business
  5. 5. The role of businessRecent research by Joseph Rowntree Foundation shows that between 2008/2009over 100,000 people in the labour market in Scotland are still living below thepoverty line.Business must address ‘in work poverty’issues of:•Low pay•Poor progression (skills development)•The work/ benefits balance•Flexible working
  6. 6. Community investment• Business as a driver of growth and jobs.• The private sector must embed community investment into mainstream business practice.
  7. 7. Business based community investment•Addressing key social issues relating to business•Supporting economic growth in local areas, particularly indisadvantaged areas.•Inspiring, training and employing people from excludedgroups.•Developing and motivating employee through communitybased volunteering.
  8. 8. Business in ScotlandSMEs represent 99% of all enterprises and 53% of all employment in Scotland.• Support to build the capacity of SMEs.• Smaller organisations require support to transform to moresustainable business models
  9. 9. Overcoming barriers through partnershipCollaboration on issues such as wealthcreation and distribution is vital to createtrue sustainable development.
  10. 10. To view all the papers in the Whose Economy series click hereTo view all the videos and presentations from the seminars click here

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