How Corporates Can Find the Right Approach to Do Better
Author: AVPN Faculty
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Companies may choose to adopt an inclusive business model or approach that provides goods, services, and livelihoods on a commercially viable basis to people living at the base of the pyramid (BoP). Depending on the nature and size of the organisation, companies can do this by directly incorporating the BoP in their core value chain, or by piloting inclusive business initiatives through their corporate impact efforts.
Adapted from: Inclusive Business Action Network (IBAN)
By Oliver Wyman
By Asia Centre for Social Entrepreneurship &Philanthropy (ACSEP)
By Mastercard & Covestro
By Duke Corporate Education
By AVPN & iBAN
By AVPN, IBAN & AVPA
Corporate foundations (or company-sponsored foundations) are philanthropic organisations that are created and financially supported by a corporation. The foundation is created as a separate legal entity from the corporation, but with close ties to the corporation. Corporate foundations tend to make grants in fields related to their corporate activities or in communities where the corporation operates, or where their employees reside.
Source: Council of Foundations
By Devex
By EVPA
By EVPA
By AVPN
Companies may establish Social Impact Accelerators to help enterprises looking to address a social problem over an extended period of time with a mix of financial and non-financial support, including seed funding, mentorship, training, networking and working space.
By Resonance and the Catalyst 2030 Private Sector Working Group
By Oliver Wyman
By Asia Centre for Social Entrepreneurship &Philanthropy (ACSEP)
Employee engagement is any formally organised support or encouragement from companies to leverage employee time, knowledge, skills or other resources to support impact organisations. Employee engagement can vary from corporate volunteering (hands-on or skill-based, virtual or on-site volunteering) and/or corporate giving (payroll giving, employee matching) to co-investment programmes.
Source: EVPA, 2018
By Devex
By McKinsey Digital
By McKinsey
By Corporate Citizenship
By Willis Towers Watson
By Gallup
By Submittable
Corporate social responsibility (CSR) refers to strategies that companies put into action as part of corporate governance that are designed to ensure the company’s operations are ethical and beneficial for society. These may include initiatives to support the environment, fair labour practices, philanthropy and/or sustainable business practices.
Adapted from: Corporate Finance Institute (CFI)
By McKinsey
By Alliance (Amy McGoldrick)
By SoPact
By Resonance and the Catalyst 2030 Private Sector Working Group
By AVPN, IBAN & AVPA
By Submittable
By ENGIE Impact
By AVPN
By Harvard Business Review (HBR)
By Kellogg Insight
By Harvard Business Review
By Duke Corporate Education
By AVPN
By AVPN & iBAN
Corporate impact funds enable companies to make investments that are aligned with and amplified by their strategic priorities, market position and resources in order to generation measurable and mutually reinforcing social, environmental and financial returns and outcomes.
Adapted from: Stanford Social Innovation Review (SSIR), 2021
By Alliance (Amy McGoldrick)
By Alliance (Karoline Heitmann, Lonneke Roza, Alessia Gianoncelli and Steven Serneels)
By Stanford Social Innovation Review (SSIR)
By Oliver Wyman
By Duke Corporate Education
