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Jun 21

[In-person] Learning Circle – Creating Shared Wisdom: Building Community and Learning from Peers in Asian Philanthropy

June 21, 2023 @ 10:30 am - 11:15 am

In this learning circle, we will discuss the challenges of community-building and open sharing for philanthropists and social investors in Asia. While learning from peers and collaborating is essential for amplifying one’s impact, it is often difficult for funders to overcome the barriers to open sharing in order to learn from and work with each other. 

How do we elevate the practice of philanthropy in Asia by fostering peer learning and collaboration and overcoming the tendency to work in isolation? 

This is the question that we will be discussing in this learning circle along with our featured practitioner, Sheryl Fofaria, Head of Social Impact & Philanthropy for South East Asia, UBS. Sheryl will be sharing her experiences from engaging with funders across Asia over the last year, reflecting on the unique challenges and opportunities in Asian philanthropy as compared to the UK and other regions where Sheryl has worked. 

Details

Date:
June 21, 2023
Time:
10:30 am - 11:15 am

Inclusive Business

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)

Modules

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Self-paced

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Building your inclusive business: How to identify funders

Corporate Social Impact Centre

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Growing your Inclusive Business

Corporate Social Impact Centre

Modules

Explore the modules related to Inclusive Business

Creating Shared Value Through Inclusive Business Strategies

By CSR Asia

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This paper by CSR Asia outlines how inclusive business (IB) strategies can create shared value and walks through practical steps companies can take to develop an effective IB strategy. It makes a case for inclusive business and demonstrates how companies can leverage aspects of their value chain to create opportunities for low-income communities. You will also find a number of case studies from around the Asia region.

Corporate Foundation

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

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Corporate Social Impact Accelerator

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.

Learn more about Corporate Social Impact Accelerator

Employee Engagement

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

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Corporate Social Responsibility

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)

Learn more about Corporate Social Responsibility

Corporate Impact Fund

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

Learn more about Corporate Impact Fund