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Act for Impact

Building a more inclusive economy

Our mission: We engage in regular dialogue with business leaders, investors, board members, public institutions, and civil society organizations – to implement strategies for a more inclusive economy.
We foster exchange and collaboration between students and faculty at HEC Paris, top academics in the field internationally, and our practitioner partners

Inclusive Economy Day

INCLUSIVE ECONOMY DAY

MAY 2, 2024: HEC Annual Event on Inclusive Economy

Discover the second edition of the Inclusive Economy Day

"We are proud to be able to bring business school scholars around the topic. Inclusive Economy does have a home here!" Marieke Huysentruyt, Academic Director of the Inclusive Economy Center

For more than a decade, at HEC, we have firmly believed that only the co-creation of new economic models by stakeholders from civil society, the public sector and companies can help to provide real answers to the major problems we currently face, such as growing inequality and extreme poverty. 

The academic world also has its role to play in this co-creation process.  In our work, we strive to spark exploration into these new models.

As a result, in 2009, we set up the Social & Business Action Tank, along with a dozen other companies brought together by HEC Paris Inclusive & Social Business Chair, as well as Martin Hirsch (then French High Commissioner for Active Solidarity and Youth) and Emmanuel Faber (then the Danone Group’s deputy CEO). 

This type of incubator for inclusive economic models aims to provide access to nutrition, healthcare, transport and more in France. Other similar Action Tanks have been set up more recently in India, Brazil and Africa.

Just over a decade later, the Gilets Jaunes movement helped to spread this movement, with the creation of the first French coalition and its three areas of commitment: access to essential goods and services for all, access to work or education for all and socially inclusive procurement. This coalition was closely followed by the G7 coalition: B4IG (Business for Inclusive Growth). This coalition includes S&O as an academic partner and now features 40 companies from G7 countries, which have committed to respecting human rights, ensuring that minorities and other more vulnerable sections of society are integrated into companies, and exploring models for providing access to essential goods and services. 

Yes, people are becoming aware of this movement. An increasing number of stakeholders, particularly in France, are setting out to create more inclusive models. These models are sources of hope. They open up new possibilities.

However, we now need to speed up the scaling-up process. 

At HEC, we want to play our role in this through research and training, and by assisting with exploring and rolling out these new models. In order to do this, we link our researchers and our students with stakeholders involved in this transformation, all while providing stakeholders with conceptual and methodical guides and supporting them during the creative processes.
 

What's NeW?

cover k@HEC special issue S of ESG
HEC scholars work with public and private regulators, peers from leading European academic institutions, CEOs and administrators to develop, test, and evaluate novel strategies, policies and practices...
“How experimental research could help real world organizations address concrete social challenges”. This was the ambitious objective set by HEC’s first-ever Inclusive Economy (IE) Day, attended by...
Miniature News ESG report
What Gets Measured: Social factors coverage in corporate ESG frameworks is a new report published by Professors Marieke Huysentruyt, Bénédicte Faivre-Tavignot, Leandro Nardi, from the S&O Inclusive...
une main tourne des dés pour former le mot inclusion
In recent decades we’ve seen inequalities growing in society, exacerbated in part by the current global health, social and economic crises. It falls to ambitious businesses to recognize the benefits of...
rich-poor-city_martha-AdobeStock_vignette
Strategy

How Will New European ESG Reporting Standards Affect Companies?

By Marieke Huysentruyt

business-people-money_frittipix-AdobeStock_vignette
Leadership

Addressing “S” Demands of ESG: What Role the Board Can (and Should) Play

By Bénédicte Faivre-Tavignot

Marieke Huysentruyt thumbnail
Social Innovation

Spotlight on the Social Dimension Measurement in ESG

By Marieke Huysentruyt, Bénédicte Faivre-Tavignot, Leandro Nardi, Bruce Thomson

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Social Innovation

Schneider Electric: Testimonial of an ESG Leader

Our Partners

Our major corporate sponsor

SE logo

and numerous others such as

Logo inclusive economy

FOCUS ON Action Tank Social & Business

Action Tank Social & Business is designed to incubate inclusive business models fighting poverty in France. Since 2010, it has helped develop and implement innovative poverty alleviation projects, bringing together numerous companies, NGOs, public and academic authorities.

 

Latest Production: Study of the double poverty penalty in France - 2022

The "double poverty penalty" refers to the fact that poor households must, in addition to suffering lower purchasing power, pay more per unit of consumption for the same good or service than the "median" consumer.

In 2022, the annual gross double penalty is estimated at €1,536, or 8.7% of expenditure. Some aids allow to reduce its effects to 96€ of annual net double penalty, that is to say 0,6% of the expenses. Nevertheless, depending on their profile and ability to benefit from these aids, many households are confronted with a net double penalty that can reach several thousand euros per year.

After a first study conducted in 2011, the Action Tank Entreprise et Pauvreté and La Banque Postale, in partnership with the Boston Consulting Group (BCG), wanted to put this double penalty phenomenon "under the microscope" again. This study sheds light on how this phenomenon affects poor households in France today - in terms of the magnitude, in euros, of the double penalties experienced, the categories of expenditure concerned, and the factors and mechanisms behind this "double penalty.

Academic Partner of B4IG

Launched in May 2020, Business for Inclusive Growth (B4IG)  is a partnership between the OECD and major corporations from across the globe. The B4IG coalition aims to make economic growth more inclusive by promoting policies, actions, and initiatives to reduce the extreme social inequalities that increasingy threaten our society.
 
As an academic partner of B4IG, HEC's S&O Institute works closely with the coalition to exchange on scholarly work and scientific evidence about inclusive growth, social Impact measurement, human rights, diversity, and reduction of inequalities.
 
Leandro Nardi, postdoctoral research felow at the S&O Institute, and Marieke Huysentruyt, associate professor of Strategy and Business Policy, are the HEC researchers dedicating time and resources to this partnership. Earlier this year, they collaborated with B4IG by proposing a framework to help the coalition assess the advantages and disadvantages of the various impact measurement tools available today. In more recent interactions with B4IG, the researchers have begun to map the academic literature and systematize the existing scientific evidence on issues related to youth employment and skilling.

B4IG picture

S&O Institute - Academic Partner of B4IG

The Coalition Business for Inclusive Growth (B4IG)

A business pledge against inequalities

Voices of our partners

Sustainability & Organizations Institute

We allow organization to manage impact as a core dimension of their performance.

 

HEC Alumnus and holding a Ph.D on the subject of social impact assessment (SIA), Adrien has been supporting social enterprises, foundations and impact investors...

Adrien Baudet - S&O

Alumnus 2013

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Sustainability & Organizations Institute


The responsibility towards the most vulnerable is collective.

 

Alice started her career in the civil engineering sector, managing teams on site on water and infrastructure projects. As an engineer, she worked in multiple countries from Jamaica...

S&O - Alice Magand
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Sustainability & Organizations Institute

Finance can be a useful tool for human development

 

After completing a Master in Finance at Paris IX Dauphine and an MBA at Nicholls State University (Louisiana, USA), Laurence Moret became a financial journalist at the press agency ACP...

S&O - Inclusive Economy - Laurence Moret
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Sustainability & Organizations Institute

Doing good for others can be the basis to aggregate customers, donors, investors--to produce profits. Covid-19 is a segue to accelerate this trend.

 


 
Patricia H. Thornton is Grand Challenge Faculty and Professor of Sociology and...

Patricia Thornton
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