[Good Business] Rethinking Enterprise as a Force for Good

The recent Business as a Force for Good (BFG) Summit 2026 held on October 9 at Makati Shangri-La sparked vital discussions on the evolving role of businesses in society. With a clear call to action, participants were urged to integrate social responsibility into their operational frameworks.

Transforming Profit into Purpose

The challenge is not simply to declare that business should be a force for good. It is to make that commitment visible in how capital is invested, people are treated, and growth is pursued.

Ramon R. del Rosario Jr., Business Leader

• Identify unmet social needs
• Build sustainable business models to address these needs

Keynote speaker Ramon R. del Rosario Jr. emphasized a two-step approach to business: recognize societal needs and create sustainable solutions. This perspective shifts the view of social challenges from mere philanthropic acts to genuine business opportunities.

The summit highlighted that intentions alone are not sufficient. Businesses must adopt sound financial practices and operational discipline to truly make a difference. Conversely, a profitable business can still miss the mark if it fails to address the needs of its community.

Discussions on impact investing raised critical questions about resource allocation. Despite the substantial needs of underserved communities, many enterprises struggle to attract investment aimed at creating social impact. A collaborative ecosystem involving investors, businesses, and government is crucial for fostering shared prosperity.

The summit also introduced *Ventures for a More Humane World*, a handbook aimed at social entrepreneurs in the Philippines. Authored by Dr. Raymund Habaradas and Professor Ian Benedict Mia, it reinforces the importance of equipping businesses with practical tools to translate good intentions into actionable strategies.

Ultimately, the summit called for a redefinition of success in business. Growth measured solely by revenue is insufficient. Leaders must consider how their businesses can enable employees and communities to thrive, fostering broader access to opportunities and resources.