PBSP’s IBI Center kicks off series of Inclusive Business Forums with Agribusiness Financing Meeting

The country’s largest corporate-led foundation, Philippine Business for Social Progress (PBSP), recently held an Inclusive Agribusiness Financing Forum at the Makati Shangri-La Hotel last April 28, 2014.

“The private sector needs to reexamine its corporate-social responsibility (CSR) programs and redevelop models for inclusive growth that go beyond corporate philanthropy,” said Rafael Lopa, Executive Director of PBSP.

“Corporate philanthropy is good. But it is not enough,” he added.

Attended by private banks and government financing institutions, agribusiness leaders and representatives from development organizations, the Inclusive Agribusiness Financing Forum is first of the series of financing forums run by the Inclusive Business Imperative (IBI) Center of PBSP.

The forum discussed the financing requirements for agribusiness projects that incorporate inclusive business principles and models into their modes of operation.  It also discussed business cases for providing loans and investing in inclusive business projects. Among the companies who presented are Bali Oil and Kennemer Foods International Inc.

The event was made possible through the support of Business Call to Action (BCtA) and Security Bank.

For more information on Inclusive Business and PBSP’s upcoming Inclusive Business fora, you may contact PBSP Center for Corporate Citizenship at 527 7741 or email pbsp@pbsp.org.ph