Developing Inclusive Business (IB) Policy in the Philippines

The Inclusive Business policy aims to push for business models that will sustainably tighten the link of small enterprises into the value chain of big businesses in the agricultural and tourism sectors.

POLICY PARTNER
MEMBER ENGAGED

DESIRED OUTCOMES

Development of good program and policy to attract investments that will generate long-term employment, sustainable livelihoods, and increased revenues to micro, small, medium and large enterprises engaged in Inclusive Business

Deliberate engagement of the private sector to implement business models that will have significant impact on marginalized sectors

Strengthened collaboration with domestic and international partners, underserved communities, development institutions and other key enablers towards the attainment of the Philippine Government’s inclusive and sustainable growth objective



COLLABORATION OPPORTUNITIES

Experts from organizations advocating for Inclusive Business can work with BOI in developing modules and facilitating IB learning events and knowledge transfer sessions for companies that are interested in developing or scaling-up their IB models. These sessions can help enhance the companies’ awareness on IB and guide them in the operationalization of their IB models.

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Inputs from experienced policymakers on Inclusive Business will be valuable to the development of the Inclusive Business policy and program in the Philippines. Policy labs and other opportunities to discuss best practices will be essential as the program team work on creating a better enabling environment for Inclusive Businesses.

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Key IB stakeholders, such as government agencies, impact investors, academic and research institutions, civil society and non-profit organizations, companies and corporate foundations can direct their initiatives, support services and (CSR) funds in support of IB projects being implemented in their locality. The market driven IB project can put stakeholders’ resources to better use and deliver bigger impact, if all will work together.

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Policy Impact Areas
Market
Beneficiaries
Social Causes
Sustainable Development Goals (SDGs)
  • 01 - No Poverty
  • 02 - Zero Hunger
  • 08 - Decent Work and Economic Growth
  • 09 - Industry Innovation and Infrastructure
  • 12 - Responsible Consumption and Production

BACKGROUND AND DETAILS



PARTNERS ENGAGED

Government Agencies: National government agencies have a major role in creating a good enabling environment towards the pursuit of Inclusive Business through policies, programs and services in support of the development of IB models.

Private sector: Private enterprises play a key role through provision of markets, access to financing, and technical assistance.  Companies can create significant impact if they can integrate the base-of-the-pyramid into their core operations as part of their corporate strategy.

Other enablers: Other enablers, such as civil society organizations, non-profit organizations, academic institutions, farmers’ federations, and cooperatives, play a crucial role in the promotion and implementation of Inclusive Business.  They can align their IB initiatives with the government and private sector to create a bigger impact.



IMPLEMENTATION PLAN

2019
  • Registration of more Inclusive Business projects
2019
  • Development of the Philippine Inclusive Business Roadmap
2020
  • Draft legislative proposal(s) for the institutionalisation of IB as a long-term Philippine government programme




Initiative Lead
Felicitas Agoncillo-Reyes Assistant Secretary for Investments Promotion Philippine Board of Investments, Department of Trade and Industry

The Philippine Board of Investments (BOI), an attached agency of Department of Trade and Industry (DTI), is the lead government agency responsible for the promotion of investments in the Philippines. Taking the lead in the promotion of investments, BOI assists Filipino and foreign investors to venture and prosper in desirable areas…

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