subject: Businesses helping with the fight against global poverty [print this page] Businesses helping with the fight against global poverty
Although it is governments that make the decisions that rule countries, it is big businesses that probably have the biggest say in running the world. The money generated by most of the major corporations are far in excess of the GDP of most of the countries in the world and the CEOs of these firms have far more sway around the globe. This is why it is important for businesses to play their part in shaping the world and reducing the amount of poverty that exists. There are many things that a company can do to assist others and knowing whether a business helps global poverty or not should allow consumers to make up their mind over whether they should buy goods or services from a firm.
Knowing that their image will influence many consumers, a growing number of firms are keen to do what they can to help the global poverty situation around the world. There will be some firms that only pay lip service to providing aid and assistance but these firms do not usually benefit from public affection or interest. The companies that are lauded by the public are the ones that act in such a way that their difference can be felt.
One great way for businesses to aid global poverty is to provide a greater amount of money to charity. If every major corporation in the world signed up to gift 1% of their profits to improving the infrastructure of developing nations, global poverty would be greatly reduced. It is all the more infuriating that many firms do not do this because they should be able to receive tax benefits for charitable donations. It would not make a big difference to many firms if they provided a larger charitable donation but it would mean so much to so many people.
Another area where firms can really help developing nations is by donating outdated machinery. If the equipment in a factory is no longer suitable for a company, they may look to scrap it. A better use of the machinery would be to offer it to firms around the world that would really benefit from the technology. In addition to this, firms could send staff on a secondment to ensure that the machinery is used correctly and safely.
This small gesture would make a huge difference to the working conditions of many people around the world and would help to close the gap between the developed and the developing nations. There are many steps businesses can take to improve the global poverty situation; it is just up to them to take it.
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