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Mar 29

Learning Circle – Impact Integrity: Staying True to Purpose While Aligning with the Corporate Business

March 29 @ 2:30 pm - 4:00 pm

Often, Corporate Social Impact (CSI) can be amplified by strategically aligning impact initiatives with the corporate business. For example, by focusing impact initiatives in the industry where the corporate business is prominent, CSI practitioners can leverage not just the finances but also the knowledge, networks, and resources of the corporate business to create greater impact. 

However, a high degree of overlap in sector, geography or other domains between the corporate business and its social impact initiatives comes with a serious risk: the social purpose of impact initiatives could be derailed by undue influence from commercial business interests. How can CSI maintain its impact integrity while leveraging the benefits of alignment with the core business? 

This is the topic we will discuss in our upcoming Learning Circle featuring Nur Hasan, Manager, Social Impact, Indonesia at the Centre for Inclusive Growth (CIG) by Mastercard. Nur manages CIG’s first ever flagship program, which focuses on the digital transformation and skilling of Micro, Small & Medium Enterprises (MSMEs). Nur will discuss the impact integrity risks faced by CIG and describe his learnings from the processes they have implemented (such as external and internal reviews and evidenced-based intervention) to safeguard the integrity of their digital transformation mission. 

Details

Date:
March 29
Time:
2:30 pm - 4:00 pm

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Online

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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)

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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

Learn more about Corporate Foundation

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

Learn more about Employee Engagement

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

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