Impact investments can play a powerful role in expanding livelihood opportunities and boosting economic development for refugees and their host communities.
Afghan refugees trains at an electronics company in Shiraz, a city south of Iran. Photography credit: © UNHCR/Sebastian Rich
Investors can earn positive returns while supporting refugees
Investment firms can harness refugees’ entrepreneurial outlook by investing in refugee-owned start-ups and small and medium-sized enterprises. They can also invest in local companies that hire and source from refugees; social enterprises that meet refugee needs; or humanitarian or development impact bonds that seek to achieve positive outcomes for refugees. In all these cases, investment firms can earn financial returns even while they empower refugees and strengthen the economy of host communities.
“We want to help refugees in Europe beyond the immediate emergency. The idea is to help them secure a decent life for themselves and their families through work. We will do this by supporting those who have the skills and the mindset to create their own business and become entrepreneurs. This is a key priority for Generali and The Human Safety Net.”
Philippe Donnet, CEO, Generali Group
Generali, through the Human Safety Net, is empowering refugees to set up 500 new businesses by 2020. Starting in Germany and France, refugees can access a competitive 6-8 month program of incubation, training and funding to equip them with the skills, resources and tools for becoming successful entrepreneurs.
Global Businesses and Refugee Crises
Global businesses can make unique, sustainable, and valuable contributions to the refugee response by leveraging core business practices. This report, developed in partnership with the Center for Global Development, identifies three ways for companies to leverage their core business to help refugees.
© UNHCR/Midhat Poturovic