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The Fourth Sector

Over the past two decades, the boundaries between the public, private, and non-profit sectors have been blurring as many pioneering organizations have started to blend social and environmental aims with business approaches. These ‘hybrid’ organizations come in a wide variety of forms (B Corporations, Cooperatives, Social and Sustainable Enterprises, Civic Ventures, etc.), but they all share the purpose of achieving financial success while minimizing the negative externalities and delivering strong social and environmental benefits. This business model makes these enterprises one of the best ways that today’s society has to achieve the Sustainable Development Goals (SDGs) by 2030 and solve some of the most pressing challenges of our time –such as rising inequality, poverty and climate change.

Nevertheless, this transformation will not happen without support. In order to thrive and succeed, for-benefit enterprises are going to need a new and cohesive supportive ecosystem that adapts to their unique characteristics and helps them scale without making compromises that dilute their original values and impact objectives. This is what we call the Fourth Sector, a new economic space at the intersection of the three traditional sectors (public, private and non-profit).

  • Link project

The project

  • Reseach

    The creation of the Fourth Sector is a long-term, global endeavour that will comprise a number of tasks –from transforming the business culture to finding new financial tools and reporting standards. As one of the academic partners of the initiative, the Center for the Governance of Change will support this process by producing case studies, academic papers, surveys and articles on the Fourth Sector, its current state, and its potential contributions to the 2030 Agenda, as well as exploring ways to overcome the main regulatory, financial and cultural barriers that currently constrain its growth.

  • People

    Advisory Board
    Mr Heerad Sabeti
    Mr Alejandro Pacheco
    Dr Rachida Justo
    Dr Sebastián Gatica
    Dr Sérgio Lazzarini
    Dr Javier Solana


    Coming Soon


Coming soon!