ROBUST SOCIAL METRICS FOR ESG INVESTING: A PRACTICAL WAY FOR BOARDS TO INVEST FOR IMPACT
Almost two trillion dollars is being invested in ESG investment vehicles annually. And yet to date the instruments for investing and tracking the impact of the social dimensions are weak. The Citi-SOPHIA Oxford collaboration has uncovered a robust way to improve this. A new report published by Citigroup with SOPHIA Oxford shows how multidimensional social […]
NEW CITI GPS REPORT: ELIMINATING POVERTY, A $1.6 TRILLION OPPORTUNITY TO IMPROVE THE LIVES OF MILLIONS
bMPI SUPPORTING THE PRIVATE SECTOR TO ACHIEVE THE ERADICATION OF MULTIDIMENSIONAL POVERTY IN COSTA RICA
In October 2015, Costa Rica took a transcendental step in its attempt to better identify and attend to the country’s most vulnerable population by establishing the Multidimensional Poverty Index. This led the Central American country to consider the use of five dimensions that encompass what would be known as the multidimensionality of poverty. These five dimensions address areas such as education, health, labour, […]
EIGHT COMPANIES IN COSTA RICA RECEIVE AN AWARD FOR PROGRESS IN POVERTY REDUCTION USING THE BUSINESS MPI
The Business Multidimensional Poverty Index (bMPI), developed by the Costa Rican Association Horizonte Positivo is used by companies to measure the multidimensional poverty of workers and their households. Using the bMPI, companies can create initiatives that go beyond income to improve the lives of their employees. In 2020, Horizonte Positivo recognized eight firms in Costa […]
INCORPORATING GENDER INTO THE BUSINESS MULTIDIMENSIONAL POVERTY INDEX: THE WISE RESPONDER INITIATIVE
SOPHIA Oxford has developed a technological tool for businesses to collect and analyse data on the deprivations faced by employees and their families. This tool allows a company to conduct an online census of its employees, and analyse the data collected. The tool implements the Wise Responder questionnaire, which collects information on all deprivation indicators […]
KEEPING POVERTY REDUCTION FRONT AND CENTER
The latest update to the global Multidimensional Poverty Index shows that many countries have made significant progress in improving the lives of the poor over the past decade. Rather than allow these gains to be reversed by the COVID-19 pandemic, governments must seize this moment to redouble their efforts. By Juan Manuel Santos , Sabina […]