London, 27 February 2025—The Business Commission to Tackle Inequality (BCTI) is excited to welcome Business for Societal Impact (B4SI) as a partner in our commission. With over 160 members globally, B4SI’s standardised frameworks and network enable businesses to strategically address inequalities by fostering transparency, convening to discuss good practices, and aligning in a common language. B4SI joins BCTI with a strong mandate to tackle systemic inequalities through community investment, business innovation, and procurement for social impact.
By joining forces, the BCTI and B4SI will strengthen each other’s missions, fostering transparency, measurable impacts, and systemic change. This partnership will help businesses place social accountability, inclusive growth, and action for equitable development at the core of their agendas while measuring, managing, and effectively disclosing their positive societal impacts.
B4SI’s expertise in measuring and managing social impacts will be invaluable as we work together to address systemic inequality. At BCTI, we look forward to leveraging this partnership to create a more inclusive global business landscape.
BCTI is a cross-sectoral and multi-stakeholder coalition, bringing together leaders from over 80 organizations committed to raising ambition, taking action, and deepening corporate accountability to create equitable markets and a just transition. Over the next year, the Commission will focus on catalyzing business action in key areas, including Social Performance & Accounting (SP&A), Human Rights, Diversity and Inclusion, Living Wages, and Just Transition efforts.
In 2023/24, B4SI members have collectively invested US $2.6 billion globally, reaching 52.8 million beneficiaries through their impact programs. By partnering, BCTI and B4SI can further leverage their networks' businesses to reduce inequality and foster systemic, long-term change. Aligning B4SI and BCTI’s efforts creates a powerful, unified approach towards social equity.
B4SI’s members invest approximately $3 billion annually through the Community Investment route, supporting initiatives such as PwC’s investment in social enterprises, Sky’s digital literacy program, and Experian’s debt recovery platform. These efforts are benchmarked by the B4SI team, providing members with accurate management information for future planning.