Argentina, Brazil, Chile, Colombia, Mexico and Uruguay are advancing in the formation of a network for the exchange of experiences and good practices on policies to encourage triple impact businesses in the region.
EUROsociAL is supporting the formation of this network as a space for public entities to exchange knowledge and good practices on policy instruments that can promote the development of impact or triple impact businesses in the region – undertakings that aim to produce a positive social and environmental impact as well as economic gains. The first meeting of the network was held on 24 June.
The meeting was attended by public institutions from Latin American countries, European Commission representatives and representatives from the Ibero-American General Secretariat (SEGIB). The meeting also featured an introductory talk by Filippo Montesi, an advisor to the Human Foundation on issues relating to social impact measurement for profit and non-profit organisations, social enterprises, banks and philanthropic foundations and Secretary General of Social Impact Agenda per l’Italia.
The EUROsociAL Programme has supported the interest of countries in the region in developing and expanding triple impact businesses. In particular, since 2018 it has supported the strengthening of Brazil’s National Strategy for Impact Investments and Business (Enimpacto), and, more recently, it is currently supporting the Argentine Ministry of Productive Development in building a triple impact business ecosystem in the country.
Which is why, thanks to the support from EUROsociAL and the interest shown by the countries and institutions involved so far, progress will continue to be made in establishing this network.