Search Results for: business

IFC’s Base of the Pyramid Platform Provides $1 Billion to Expand Access to Finance for Small Businesses

Stuart Mitchell

IFC, a member of the World Bank Group, announced a $400 million increase and one-year extension of the Base of the Pyramid (BOP) platform – an initiative first launched in 2021 to help financial services providers deliver critical funding to small and informal businesses, and low-income households. The additional financing, which brings IFC’s total investment to $1 billion, will ensure much-needed liquidity for lenders in the most vulnerable markets and expand support to underserved segments of the population, including women and women-owned businesses. With an average loan size of $1,149…

For the Third Consecutive Year, HEINZ® Commits $1 Million in Grants to Support Black-Owned Food Businesses Nationwide

Stuart Mitchell

As a brand that’s been on tables for over 150 years, HEINZ® recognizes the critical way America’s Black-owned food businesses continuously shape the nation’s culinary culture. HEINZ, The LEE Initiative, and Southern Restaurants for Racial Justice (SRRJ), announced recently that they will provide an additional $1 million in Black Kitchen Initiative grants to Black food business entrepreneurs nationwide, bringing the brand’s total contribution to $3 million over the past three years. A continuation of the organizations’ multi-year partnership, the grants seek to preserve and uplift the legacy of Black-owned food…

KeyCorp 2022 ESG Report Highlights Women In Business

Stuart Mitchell

Through advocacy, connections, and empowerment, Key4Women supports the financial progress and empowerment of businesswomen, providing a wealth of resources to help them meet their personal and professional goals. Since its launch in 2005, our certified advisors have facilitated more than $12 billion in loans to women-owned businesses. The program offers members: Customized financial services and advice from Key4Women certified advisors Exclusive member events and forums with industry experts to help foster professional and business development while creating lasting connections with industry leaders and professionals Timely and robust thought leadership content…

E-commerce fraud is growing fast and financially impacting businesses across the globe, according to new research from Ravelin

Stuart Mitchell

In the last twelve months, merchants have seen a huge leap in online payment fraud (up 59%), account takeover (up 51%), promotion abuse (up 52%), refund abuse (up 53%) and customer fraud / friendly fraud (up 40%). Merchants are now throwing more and more money at the crisis and expanding fraud teams in a bid to mitigate losses.  Three-quarters (75%) of all online merchants say fraud budgets will grow this year (global average figure.) In the UK 62% will be spending more on managing fraud. This rises to 70% in…

Kingfisher makes further progress on carbon emissions reduction and wider responsible business priorities

Stuart Mitchell

Kingfisher plc, the international home improvement retailer, has made further progress against its responsible business priorities, including reducing its scope 1 and 2 carbon emissions by 52.6% since 2016/17, exceeding its 2025/26 science-based target. Kingfisher’s responsible business strategy focuses on four priorities where the company can use its scale and influence to bring about positive change: helping to tackle climate change and become Forest Positive; making greener and healthier homes affordable; becoming an inclusive company and working with charity partners to fix bad housing. In its latest Responsible Business report,…