The InSpire Foundation for Business and Society (IFBS) is non profit organization with the mission of promoting the concept of sustainable development in business and industry.It was originally founded by the World Business Council for Sustainable< development (WBCSD) and its activities were taken over by the Inspire Group in 1998.
The mission of the InSpire Foundation for Business and Society (IFBS) is to promote the concept of sustainable development in business and industry. As a non-profit institution, it is funded through an endowment by InSpire and project grants provided by corporations, foundations, governments and international organizations.
In 2004, the InSpire Foundation for Business and Society launched the research program INAVAL (Intangible Asset Valuation), which was studying the mechanisms of value creation and identifies the value drivers linked to intangible assets. This multiyear program was a cooperation among the Foundation for Business and Society, the Bellagio Foundation, IDEAM in France, DNV in Norway, and it also involves 120 master students from the Norwegian School of Management annually.
Professor Jan-Olaf Willums, founder of the InSpire Foundation for Business and Society is the prime author of: The Primer for Responsible Investment Management of Endowments (PRIME), an initiative by the Bellagio Forum for Sustainable Development to ensure that the assets endowed to foundations will be invested responsibly in line with the foundations' ethical and long-term sustainability objectives.