TRANSFORM does Developmental Work in Bangladesh

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Established in 2015 and led by Unilever, the UK’s Foreign Commonwealth and Development Office and EY, TRANSFORM is an impact accelerator that unites corporates, donors, investors and academics to support visionary enterprises across Asia and Africa.

The initiative celebrates over 10 years of game-changing collaboration. Since its launch in 2015, the initiative has supported 13 enterprises in Bangladesh, reaching 247,313 lives, from business owners to workers, customers and people in the wider community.

With TRANSFORM’s support, these enterprises have generated tangible benefits for local communities and the environment, for example, since 2022 -

• Over 39,000 customers benefited from enterprise products and services

• Additionally, over the past decade, the enterprises raised over BDT 1.56 billion (£9.6 million) in follow-on funding

Shamima Akhter, Director of Corporate Affairs, Partnerships and Communications at Unilever Bangladesh shares, “In Bangladesh, local entrepreneurs are delivering some of the most powerful solutions to global development challenges, from creating functional waste management initiatives to providing jobs and livelihoods. Embedded within the communities they serve, these innovators are uniquely positioned to create practical, context-driven approaches. Some of their solutions have also been embedded into Unilever’s own supply chain, contributing to our sustainability goals on plastics and livelihoods through innovation, collaboration and lasting behaviour change.”

Pragyal Singh, Partner, Government and Public Sector, EY shares, “With a strong 10-year track record, TRANSFORM’s win-win model is an example of the incredible impact we can achieve by combining our strengths. Leveraging our EY people’s skills, knowledge and networks, TRANSFORM provides tailored business support to scale inspiring entrepreneurs, fostering innovation that has ripple effects across the ecosystem. TRANSFORM’s combined support has helped validate these innovative ideas, enabling our enterprises across Bangladesh to raise over BDT 1.56bn in follow-on funding and further scale their impactful solutions. We are proud to help create a better future for everyone, together.”

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