A case study of the economic, social, and environmental impacts of BIC companies in Peru

Romina Gómez-Prado, Jorge Sánchez-Palomino, Aldo Alvarez-Risco, Maria de las Mercedes-Anderson, Shyla Del-Aguila-Arcentales

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

In recent years, there has been growing concern about economic, social, and environmental challenges that are developing throughout the world. In response, there have been calls for the implementation of more sustainable practices in the business environment that respond to the needs of the population and also guarantee economic benefits. The Collective Benefit and Interest Company (known by its Spanish acronym BIC) is a model born out of these demands. It seeks to develop tools to solve environmental and community problems through everyday business activities. It is found that many of the Peruvian BIC companies emerged due to indifference and lack of support from the government for vulnerable populations. We analyze and compare the situational context of the legal framework of the BIC Law in the region and the challenges of implementation in the regulatory frameworks of these countries. Furthermore, we look at how this can be adopted by developing countries to achieve a greater global and regional impact. The research methodology is based on a documentary and case study review of the creation of BIC companies in Peru.

Original languageEnglish
Title of host publicationCompetitiveness Of Nations 2, The
Subtitle of host publicationGovernment Policies And Business Strategies For Environmental, Social, And Governance (Esg)
PublisherWorld Scientific Publishing Co. Pte Ltd
Pages267-296
Number of pages30
ISBN (Electronic)9789811268090
ISBN (Print)9789811268083
DOIs
StatePublished - 25 May 2023

Publication series

NameCompetitiveness Of Nations 2, The: Government Policies And Business Strategies For Environmental, Social, And Governance (Esg)

Keywords

  • And environmental impact
  • BIC companies
  • Collective benefit and interest
  • Economic
  • Peru
  • Social
  • Sustainability
  • Sustainable Development Goals (SDGs)
  • Japan
  • CSV
  • Ghana
  • Cocoa
  • ESG
  • CSO

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