Business Fights Poverty Together for 2024

without integrity and monitoring bad publicity might derail the global momentum for article 6 implementation

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Hi Kindra - Food Systems and Nutrition will be central this year - with 150+ signing on to the Emirates Declaration at COP28, the next set of technical and policy discussions over the next 6 months will be crucial to the agenda and points you outline. In addition to Co2, the greater focus on other GHG emissions including methane was important at COP.

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A1: PART 1: GENDER:

  1. Missed opportunities to integrate women into company value chains that can enhance financial benefits for the company and socio-economic impacts for the stakeholders
  2. When companies do integrate women into their value chains, we find a lack of support for these women (lack of childcare support services, support to address gender-based violence at home due to employment, sexual harassment at the workplace, etc.)
  3. Lack of measurement to track and understand gender issues at the workplace.
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Some of the key challenges I’m facing this year, as part of the impact media space, include how best to draw attention to our content online. To take one prominent example, we promote NextBillion’s content on social networks like Twitter, Facebook and LinkedIn - this is a considerable source of traffic to our site. But this is becoming more difficult, given the shifting and sometimes toxic environment on social media, and the growing number of online publications competing for the same audience.

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Sustainability in Post-Disaster Reconstruction and Economic Resilience

The earthquakes have led to the damage or destruction of 40% of the total building stock in TĂŒrkiye, creating an urgent need for sustainable reconstruction efforts. Balancing economic recovery with environmental and social considerations propose a big challange. The earthquakes have also caused significant financial challenges, which require a coordinated effort to revitalize the local economy and promote regional and national economic recovery.

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look forward to reading!

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A1 Part 2: So, in short: 4 key challenges for ChildFund are 1: Climate variability and its effects on children and youth safety, 2: Climate injustice, 3: Improving ecosystems and upholding child rights together. 4: Children’s mental health and wellbeing due to the climate uncertain future.

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Ali, I would be interested in any thoughts you might have on how you manage to persuade companies to actually acknowledge what the leaders have done in the sector and then emulate them! It seems that private sector companies can get caught up in creating perceived commercial competitive advantage that they cannot really engage and support for sector-wide change.

I think it is related to the breakdown of trust across the western world. When trust breaks down we resort to the human responses of withdrawal or aggression which just exacerbate the issue. We need to do some foundational work in restoring trust to renew the social contract and create the conditions for cooperative action.

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Two of the main challenges I’d like to highlight:

  1. The rise of violence and organized crime in Latin America - our challenge lies in finding ways to better support families, and find ways to continue reaching and mentoring them in a way that ensures their safety and our mentors’ safety.
  2. While AI brings great opportunities for social impact, we should also examine and open spaces for debate about the risks. “Technology is neither good nor bad, nor is it neutral” - we should keep in mind that AI can carry it own biases that can reinforce pre existing inequalities.
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Key challenges in 2024: threats in traditionally disparate development sectors are getting more complex as the interlinkages between them become more prominent. As these challenges are intermingled, the problem-solving approaches analyzing and treating each separately are not as effective. We are already seeing the complexity and challenge of, for example, climate catastrophes interfering with long-established health programs.

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From my perch in the US, I have to agree that the erosion of trust and social cohesion, and the backlash against ESG and inclusive thinking are paramount concerns.

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A1: One of the main challenges that I see for smallholder farmers, producers and traders in the coffee (also cacao, palm oil and other) supply chains that serve the EU markets is that they will be highly affected by the new EU Regulation on Deforestation-free Products (EUDR). Under EUDR products have to be deforestation-free, comply with local legal and be traceable/segregated. How can we assure that smallholders follow the new regulations and remain competitive?

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Regulatory pressures are both a strong incentive for positive change, but also come with unintended consequences - like smallholder exclusion. I think we’re very aligned. I also noted that there is a risk that regulation (e.g. EUDR) and some climate approaches push companies back to focusing on ‘cleaning’ only their own supply chains. We know that is not enough and need to be working at landscape and sectoral levels.

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In brief the key challenges are:
4Cs - Climate, Conflicts, Cost of living, post-Covid priorities - and how these are syphoning resources away from a lot of development sector work. Climate has so much resources and can be so well linked with almost all aspects of development but the pace of this climate financing being utilised for development linked activities is very slow.

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A1: Looking at these other answers, climate change is a critical challenge facing our world. Smallholder farming communities are particularly facing a crisis of resourcing. Despite being some of the most vulnerable to climate change’s impacts and among those best positioned to slow its effects, very little of global climate finance is being mobilized to this group to unlock their impact. This is increasingly clear in the expanding world of carbon markets, a new opportunity from which smallholder farmers are being excluded.

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I share your concern relating to politics in the US and how this year’s election result could challenge so many of the global norms and systems that we know are needed to tackle these complex challenges.

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Another challenge related to gaining attention online: How to locate and reach the audiences that are likely to be interested in our different types of content and coverage. For example, NextBillion covers many different business sectors, from energy to transportation, agriculture and finance, just to name a few. We publish different types of content, including original articles/jobs/events/news excerpts/business development opportunities, each of which may be of interest to a different sub-group of readers. Trying to pitch the right piece of content to the right potential reader at the right time, via the right platform (eg: social media, newsletters, etc.) is a growing challenge for our site.

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My challenge within the Sub-Saharan Africa countries is that we have continued to struggle economically with a triple shock of Covid, wars affecting major supply chains and the many changes in the geo-political landscape. As a result many businesses have had to change tact to maintain productivity and relevance, while increasing innovation and returns.

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Hi everyone,
I’m James, Co-Founder of We Make Change - we enable individuals and employees to volunteer remotely with impact startups across the world (feel free to connect: James Sancto - We Make Change | LinkedIn). Excited for today’s discussion!

A1) At a time of growing global uncertainty, how to ensure that impact is at the top of corporate agendas when it’s so central to both employee, company and world wellbeing (but is not always considered so when there are understandable financial constraints on many companies).

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