Enactus students to take entrepreneurial action on chemical leasing

Enactus students to take entrepreneurial action on chemical leasing

VIENNA, 11 December 2019 – The United Nations Industrial Development Organisation (UNIDO) and Enactus are collaborating on chemical leasing and performance-based business models and projects.

Enactus is an international non-profit organization dedicated to inspiring students to improve the world through entrepreneurial action. It provides a platform for teams of outstanding university students to create community development projects that put people's own ingenuity and talents at the centre of improving their trajectory of their lives. Guided by educators and supported by business leaders, students take an entrepreneurial approach that empowers people to be a part of their own success.

Since 2005, UNIDO has been among the pioneers supporting chemical leasing and its adoption by companies. Chemical leasing is a performance-based business model for sustainable chemicals management. It aims for a more efficient use of chemicals in the production process by redefining the business relationship between the chemical user and the supplier. In the chemical leasing model, the supplier does not sell quantities but sells the function of the chemical. The model aligns the interests and motivations of partners, and helps achieve a win-win situation for them and the environment.

Enactus is the world´s largest experiential learning platform dedicated to creating a better world while developing the next generation of entrepreneurial leaders and social innovators. With 72,000 participating students on university campuses in 36 countries, Enactus teams launch projects and businesses to, among other objectives, help address the Sustainable Development Goals.

Rachel Jarosh, president and chief executive officer of Enactus, said, “We are honoured to partner with UNIDO to foster and promote innovative business models,” adding, “At Enactus, we believe investing in students who take entrepreneurial action for others creates a better world for us all and we know that we are most successful through strong partnerships with pioneering organizations like UNIDO.”

For more information, contact

Tona Rowett, Enactus

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Petra Schwager, UNIDO

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