Helping Businesses End Poverty
bMPI a multidimensional poverty-fighting method for companies
What is multidimensional poverty?
The Oxford Poverty & Human Development Initiative (OPHI) of University of Oxford, has developed a methodology for measuring multidimensional poverty commonly known as the MPI methodology.
Traditionally countries have defined poverty as a lack of money. Yet poor people themselves consider their experience of poverty much more broadly. A person who is poor can suffer from multiple deprivations at the same time. Focusing on one factor alone, such as income, is not enough to capture the true reality of poverty. Multidimensional poverty measures can be used to create a more comprehensive picture. They reveal who is poor and how they are poor.
In 2017 OPHI DEVELOPED THE BUSINESS MULTIDIMENSIONAL POVERTY INDEX (bMPI) and with it sophia oxford was born
Business multidimensional poverty index
The Business Multidimensional Poverty Index (bMPI) is a new tool that takes the MPI methodology to the private sector.
The bMPI enables businesses to identify and measure poverty amongst their employees and their families, their contractors, suppliers and supply chains. Based on this information businesses can develop their own solutions to help their employees get out of poverty.
sOPHIa Oxford has an exclusive worldwide licence to the bMPI, developed by OPHI in partnership with business association Horizonte Positivo.
sOPHIa helps establish objective measures for businesses to be able to manage against and be efficient as they respond to poverty within their companies.
The Business Multidimensional Poverty Index is a new tool for company information systems to help align corporate values and operations.
Helping Businesses Fight Poverty
Oxford University launches social enterprise to help business fight poverty Oxford, UK – 26 March 2019 –Researchers from the Oxford Poverty and Human Development Initiative (OPHI) have launched sOPHIa Oxford, the University’s first social enterprise spinout, to bring a multidimensional poverty-fighting method created by OPHI to businesses to help efforts to tackle poverty.
Oxford University has been testing out a new poverty-fighting vehicle in Costa Rica that helps companies to identify and tackle hidden poverty in their workforce. Co-founder John Hammock spoke to the FT's Andrew Jack about the scope and aims of the initiative. Copyright The Financial Times Limited 2019. All rights reserved