Banking on Change, a community investment partnership between Barclays and the charities CARE International UK (new window) and Plan UK (new window), has hosted a panel debate on strategic tie-ups between businesses and international non-governmental organisations (NGOs).
The event, which took place last week in London, was entitled, ‘Out of Poverty and In Profit: Are new development partnerships a force for good?’.
It featured discussions informed by the Banking on Change programme which aims to develop needs-based financial products and services that benefit communities where Barclays operates as well as the bank itself in the longer term. Panellists addressed topics such as how such tie-ups work in practice, and the benefits and hazards for the communities, companies and NGOs involved.
Panellists at the event were Will Derban, Head of Community Relations, Barclays Africa Retail and Business Banking; Christine Svarer, Head of Private Sector Engagement, CARE International UK; John Schiller, Regional Technical Advisor for Microfinance and Sustainable Livelihood, Plan West Africa; Caroline Ashley, Business Innovation Facility, UK Department for International Development (DFID); and Gavin McGillivray, Head of the Private Sector Department, DFID.
The panel was chaired by Jo Confino, Executive Editor of the UK’s Guardian newspaper, and Chairman and Editorial Director of Guardian Sustainable Business.
“The comments about how corporate-NGO relationships are evolving from pure philanthropy through to ‘inclusive business’ partnerships, i.e. those that have both commercial and social returns in mind, resonated strongly with me and the journey we have taken with Banking on Change.”
With a focus on financial, enterprise and life skills, Barclays supports disadvantaged people to build the confidence and skills to achieve financial independence and security.