As the United Nations Foundation launches the Sustainable Development Goals today to provide the opportunity for a generation for people and the planet, we at Business Connect are clearly focused on Global Goal 10, Reduce Inequalities as we have the opportunity to make an active contribution through our mission, Creating Hope Through Business.
Since the UN began taking note, there’s been a reduction in extreme poverty by half, which means 700 million fewer people living on less than $1.25 per day, and gains in gender equality with more girls enrolled in education and greater political participation of women in the developing world. But data shows that income inequality is on the rise, in developed and developing countries alike. According to the OECD, income inequality is at its highest level for the past half century. The average income of the richest 10% of the population is about nine times that of the poorest 10% across the OECD, up from seven times 25 years ago.
And this is a problem for all of us.
Some income inequality is inevitable, even welcome. It helps drive progress and incentives for those who work hard, develop skills and take risks. But high and growing levels of income inequality are a significant threat to stability both within and across countries. The World Economic Forum’s report: ‘Outlook on the Global Agenda 2015’ ranks deepening income inequality as the most significant trend of 2015. According to those surveyed, inequality is closely related to challenges including “poverty, environmental degradation, persistent unemployment, political instability, violence and conflict”.
What can you do to help?
A $300.00 donation will provide funds to help start a new business opportunity in the developing world. Business Connect is a social enterprise (L3C) committed to providing citizens living in developing countries with affordable and easy access to essential resources, such as water and light, to strengthen education, health and economic growth opportunities within the communities it serves. We now have an international network of distributors in almost 40 countries and we work at the “bottom of the pyramid” to help bring an end to global poverty with the poorest of the poor. Why there you ask? Because we believe every citizen has a right to basic, clean and green resources. We are focusing on women and young people with donated funds as they are known to stay within their communities to help provide basic resources needed for their families.
Your donation does not stop there. It is only the beginning as we set out on a relational journey to empower, teach and train new entrepreneurs basic business skills including accounting and impact investing. We promote empowerment to help our representatives grow their business from community to community. If you would like more information on how you can get involved, contact us today.