The United Nations has a project portfolio dedicated to developing business expertise in underdeveloped countries. Each project will develop business expertise that can be used by the country to attract investment and employment. One such project has been funded and created by a partnership of the United Nations and the Association of Global Insurers. The project will develop expertise in Information Technology (IT). Insurance companies can then procure IT from companies in the underdeveloped nations.
Companies in the underdeveloped nations must score highly in the following criteria:
a. Indigenous representation at senior and middle management levels;
b. Visible minorities as shareholders with a minimum 35% ownership;
c. Demonstrated commitment to ethical business practices;
d. Demonstrated commitment to sustainable activities.