- About 4SG
The Fourth Sector Group (4SG) is a global multi-stakeholder platform for collective leadership and action aimed at accelerating the development of a supportive ecosystem for the fourth sector.
Through a variety of collaborative initiatives, 4SG brings together businesses, civil society, governments, multilaterals, philanthropists, academia, ecosystem builders, and industry and sector leaders to create a conducive environment for for-benefit organizations to thrive.
Many of the social, environmental, and economic challenges we face today are downstream consequences of outmoded economic systems and organizational models whose roots date back to the industrial age. The scale, urgency, and complexity of these challenges demand a fundamental upgrade to business-as-usual.
The growing sector of for-benefit enterprises offers an opportunity to solve many of these challenges, while advancing inclusive and sustainable growth.
Combining attributes of traditional for-profit businesses and NGOs, for-benefit enterprises are hybrid business structures whose primary purpose is delivering social and environmental benefit. They constitute a fourth sector of the economy which has been growing at the intersection of the traditional private, public, and nonprofit sectors for decades.
"A surge of 'for-benefit' companies at the intersection of the traditional private, public and non-profit sectors will be critical in delivering on the SDGs by 2030.”
- The World Economic Forum
"We need leadership across multiple disciplines to develop new structures that support for-benefit entrepreneurs and investors who are leveraging business to tackle social and environmental problems."
- Sir Richard Branson,
Founder, Virgin Group