CAF supports the creation of System B in Uruguay

In an event that included the participation of Gladis Genua, CAF's Director Representative in Uruguay, as part of the founding members of the System B Civil Association in this country, the creation of this organization was formally established, to promote the market strength to solve social and environmental problems, as it includes 174 B Enterprises certified in South America. 

A group of ten directors and nineteen founding members representing the public, private, and academic sectors, met to sign the founding charter that formally starts the operations of System B in Uruguay, as part of the expansion of the B Enterprises model, a project that CAF, Development Bank of Latin America, has been supporting as a strategic ally at a continental level through its Direction of Social Innovation. 

During her presentation, Genua stated, "As a development bank, we applaud and are proud to promote this movement that is committed to change and ethics in business.  We are aware that this new private sector, B Enterprises, has the potential to become a powerful agent for sustainable development, to evolve toward an economy where success is measured by the wellbeing of people, societies, and nature". 

In the past year, B enterprises have become visible in regional media such as La Nación, El País Colombia, La Tercera, Ámbito Financiero, Revista Noticias, Exame, O Globo, and international media such as  CNN, New York Times, Huffington Post, The Guardian, and World Economic Forum, among many others.