§ 21. Mr. WigleyTo ask the Secretary of State for International Development what proposals she has to encourage private sector companies to make financial donations to help alleviate poverty or develop the economy in under-developed countries. [23879]
§ Clare ShortMany private sector companies already use part of their profits for community programmes as well as matching their employees contributions to charities. Companies with operations in developing countries often make direct contributions in addition to the benefits they bring through their business activities. Some outstanding examples were recently recognised through the WorldAware Business Awards.
We are consulting with private sector representative on how we can identify the replicate best practise and how we can encourage more inward investment.
We are working with businesses and NGOs to encourage respect for ethical and environmental standards. The growth in ethical investment and consumer movements has great development potential.