The Business Investment for Education Impact (BIEI) initiative aims to build a stronger, more informed, and impactful network of businesses with the potential to transform education outcomes through strategic and coordinated investments.
Our goal is to develop a series of tools and products to drive forward progress in education, where corporate investments create business impact as well as a more sustainable, scalable, and systemic social impact.
By 2030, more than half of the 1.6 billion young people on the planet will not have the most basic skills for employment. And today, 40% of employers say they have difficulties finding candidates with the skills needed to succeed in the workforce. If we are to achieve Sustainable Development Goal 4 (SDG4) — inclusive and quality education for all — all actors have a role to play, especially the business community. However, a “business as usual” approach will not suffice: random acts of corporate kindness will never amount to the sustainable change that needs to take place if the international community is going to make progress towards the 2030 goals.
Given that this challenge is greater than any one company, this initiative will catalyze change for education equity by informing the development of corporate strategies of many diverse companies to unlock larger-scale, systemic change in the sector. By utilizing a design approach to undertake a process of listening, testing, and prototyping, we will develop a series of game-changing tools to drive forward progress in education.