CENTER FOR BUSINESS
AS AN AGENT OF WORLD BENEFIT

Women's World Banking's vision is to expand low-income women's economic participation by giving them greater access to financial information and markets. In doing so they are enabling women to not only keep their families fed but also engage in the community and develop a political voice that could bring about great change worldwide.

Bank ABN AMRO has made sustainability a cornerstone of its business. The bank strives to include a concern for social and environmental issues in the decision-making of every strategic business unit. These activities have gained such prominence that a special unit, the Sustainable Development Group was organized to coordinate sustainability work across the organization. The innovativeness of this sustainability mindset has led to numerous activities that are creating a shift in the impact of ABN AMRO on environment and society.

Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral and creating a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. At GB, credit is a cost effective weapon to fight poverty and it serves as a catalyst in the overall development of socio-economic conditions of the poor who have been kept outside the banking orbit on the grounds that they are poor and hence not bankable. Since the bank does not wish to take any borrower to the court of law in case of non-repayment, it does not require the borrowers to sign any legal instrument. Although each borrower must belong to a five-member group, the group is not required to give any guarantee for a loan to its member. Repayment responsibility solely rests on the individual borrower, while the group and the Grameen Bank center oversee that everyone behaves in a responsible way and none gets into a repayment problem. There is no form of joint liability, i.e. group members are not responsible to pay on behalf of a defaulting member.

Edun is a socially conscious clothing company created by Ali Hewson and her rock star husband, U2's Bono, with New York clothing designer Rogan Gregory. Launched in spring 2005, the company aims to bring the issue of sustainable employment to the world of high fashion. EDUN was born as an alternative approach to creating beautiful clothes in a respectful, sustainable manner and to shift the focus away from aid to trade in the developing world, particularly Africa.

William McDonough & Partners are architects who design buildings and communities worldwide that tell stories of sun, wind, water that surrounds them and of the people who inhabit them. Using a creative balance of nature and culture, they strive to create a sustainable environment that honors the relationship between the human community and the nature that surrounds them.

Cummins is a global power leader and family of four inter-related, yet diversified businesses that create or enhance value as a result of doing business with each other or having those relationships. It averages more than $6 billion in annual sales and is a technology leader in the diesel engine market, providing cutting-edge solutions to the increasingly difficult challenge of producing cleaner-running engines. Currently, Cummins clean diesel engines are powering transit buses in Southern China.

As the oldest and largest for-profit Fair Trade company in the U.S., Equal Exchange trades directly with 28 democratically run farmer co-ops located in 14 countries in Latin America, Africa and Asia. Its mission is to build long-term partnerships that are economically just and environmentally sound, to foster mutually beneficial relations between farmers and consumers and to demonstrate the viability of worker cooperatives and Fair Trade. They strive to build social and economic justice through the marketplace.

Millions of personal computers sit idly on desks and in homes worldwide, but what if they could be linked into a power grid to help address the world's most difficult health and societal problems? IBM asked this question and answered it in 2004 by creating the World Community Grid, a global humanitarian effort to harness unused computing power of individual and business computers and direct that power toward research designed to help unlock genetic codes that underlie diseases like AIDS and Alzheimer's or improve forecasting of natural disasters. Anyone can volunteer to donate the idle and unused time on a computer by dowloading the World Community Grid's free software and registering to participate.

A number of major financial institutions have come together to adopt a framework for determining, assessing and managing environmental and social issues in project financing. These global voluntary regulatory guidelines, the “Equator Principles” (EPs), are revolutionizing the way large projects are financed. Banks that adopt the EPs apply them globally to project financing in all industry sectors including mining, oil and gas, and forestry, and they make loans only to those projects whose sponsors aim to be socially responsible and environmentally sound.

Bamboo Hardwoods, founded in 1990, operates a successful and environmentally sustainable company that is working to slow the degradation of natural resources. By using bamboo (which is a grass) as an alternative source material for flooring, the company has demonstrated that deforestation of traditional hardwoods can be prevented. The company values its relationships with employees and suppliers, and actively promotes their well being.