Description: The Fourth Sector Project is led by SEGIB, UNDP, and WEF that seeks to facilitate the creation of a more prosperous, socially fair and environmentally sustainable economy in Ibero-America.
Fostering social & sustainable economy in Ibero-America
Over the past two decades, the boundaries between the public, private, and non-profit sectors have been blurring as many pioneering organizations have started to blend social and environmental aims with business approaches. These ‘hybrid’ organizations come in a wide variety of forms (B Corporations, Cooperatives, Social and Sustainable Enterprises, Civic Ventures, etc.), but they all share the purpose of achieving financial success while minimizing the negative externalities and delivering strong social a
Nevertheless, this transformation will not happen without support. In order to thrive and succeed, for-benefit enterprises are going to need a new and cohesive supportive ecosystem that adapts to their unique characteristics and helps them scale without making compromises that dilute their original values and impact objectives. This is what we call the Fourth Sector, a new economic space at the intersection of the three traditional sectors (public, private and non-profit).