World Business and Development Awards

The World Business and Development Awards are the first global business awards to recognize the crucial role of the private sector in implementing the millennium goals — eight internationally agreed targets to reduce poverty and environmental degradation and improve education, health conditions and gender equality by 2015.


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In 2000, 189 world leaders adopted the Millennium Development Goals (MDGs); Eight Goals that offer a road map to put people-centered development at the heart of global, national and local agendas. Eight Goals which, if achieved, could end extreme poverty and its root causes.
The world is facing a development emergency. All sectors of society – governments, business and civil society need to contribute to achieving the MDGs. A partnership approach involving business lies at the very heart of the MDGs and is key to their successful implementation. Businesses are the engine of growth and have the potential to make a huge impact on improving the lives of people in developing countries through investment, job creation, skill enhancement and the development of new technologies.

The World Business and Development Awards (WBDA) are the first global business awards to recognize the crucial role of the private sector, large and small, in implementing the millennium goals. The spirit of the Awards lies in the pursuit of innovative and productive core business practices to sustainable development which help make the societies where they operate better places to live and better places to work.

2012 marks the 10th year anniversary of the biannual WBDAs, run by the International Chamber of Commerce, the United Nations Development Programme (UNDP) and the International Business Leaders Forum (IBLF), this year in partnerships with the Swedish International Development Cooperation Agency, the Netherlands Ministry of Foreign Affairs and the UN Global Compact. The 2012 Awards will be given explicitly to companies delivering inclusive business models: sustainable, commercially-viable business initiatives that expand access for low-income people to goods and services, or improve their livelihoods by engagement in value chains as direct employees, suppliers or distributors, while also generating sales and profit growth.

The United Nations Conference on Sustainable Development (Rio+20) follows the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro, and the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg. It is envisaged as a summit at Heads of State level.

The WBDA Ceremony will take place on the eve of this conference, 19 June 2012 in Rio, as the culminating event of the Summit's Business Day.

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