Financial Times Ranks TechnoServe Among World's Top Five Non-Governmental Organizations
Corporate citizenship and philanthropy report recognizes TechnoServe for its business partnerships track record
WASHINGTON, DC, JULY 5, 2007 —A Financial Times special report rates TechnoServe as one of the world's top non-governmental organizations (NGOs), placing it fourth on a list ranked on the basis of business partnerships. The list is the centerpiece of a special report on corporate citizenship and philanthropy, published today, intended to help companies identify potential partners for socially-minded corporate projects.
TechnoServe's rank was based on company surveys that rated partners on accountability, adaptability, communication and execution. The data was collected by Dalberg Global Development Advisers. The ranking reflects TechnoServe's ability to leverage partnerships and its own proven, market-based methodologies to fight poverty in the developing world.
"The corporations with whom we work— such as Nestlé, Google, Lenovo, Procter & Gamble, Cargill and Peet's Coffee & Tea— recognize the value of private-sector development," says Bruce McNamer, TechnoServe president and CEO. "They understand that such partnerships can be mutually beneficial: a corporation can boost its bottom line while at the same time increasing the incomes of the rural poor."
The report is published to coincide with the UN Global Compact Leaders Summit and the half-way point for achieving the Millennium Development Goals. To see the Financial Times report, please click here.
About TechnoServe: TechnoServe helps entrepreneurial men and women in the developing world to build businesses that provide jobs, income and economic opportunity. Since its founding in 1968, the U.S.-based nonprofit has helped to create or improve more than 2,000 businesses, benefiting millions of people in 32 countries. TechnoServe is currently working to build and expand businesses in Mozambique, South Africa, Tanzania, Kenya, Swaziland, Uganda, Ghana, Madagascar, Rwanda, El Salvador, Honduras, Nicaragua, Guatemala, Peru, Colombia, Brazil, Côte d'Ivoire and India. TechnoServe has been recognized as one of the world's "Outstanding Social Entrepreneurs" by the Schwab Foundation for Social Entrepreneurship.