An '''inclusive business''' is a self-sustainable business entity that productively integrates low-income populations into its value chain.<ref>http://www.g20.utoronto.ca/2015/G20-Inclusive-Business-Framework.pdf{{full|date=March 2021}}</ref> By prioritising value creation over value capture and adopting principles of non-discrimination, inclusive businesses create new economic opportunities for low-income populations but do not necessarily pursue profit maximisation objectives.<ref name=Schoneveld2020>{{cite journal |last1=Schoneveld |first1=George C. |title=Sustainable business models for inclusive growth: Towards a conceptual foundation of inclusive business |journal=Journal of Cleaner Production |date=December 2020 |volume=277 |article-number=124062 |doi=10.1016/j.jclepro.2020.124062 |doi-access=free }}</ref> By means of an inclusive business model, inclusive businesses engage, support and create demonstrable value for low income producers, suppliers, retailers and/or service providers and actively avoid destroying value 'along the path to value creation.'<ref name=Schoneveld2020/>
By emphasising productive integration, inclusive businesses are distinguishable from social businesses developing goods and services specifically for low income populations.<ref name=Schoneveld2020/><ref>https://www.nbs.net/s/NBS-SA_Main_Report-161128.pdf{{Dead link|date=September 2024 |bot=InternetArchiveBot |fix-attempted=yes }}{{full|date=March 2021}}</ref> ==See also== * Inclusive growth * Social entrepreneurship * Triple bottom line * Bottom of the pyramid
==References== <references />
{{DEFAULTSORT:Inclusive Business}} Category:Economic development Category:Human resource management Category:International environmental organizations Category:Sustainable business