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Success begets success – or does it? As local corporate social impact (CSI) programs are replicated to other markets and regions, impact leaders are faced with a number of challenges: How can CSI practitioners align with new internal and external partners in a region where realities on the ground may be different? How can success be replicated when the conditions that brought it about are no longer present in the new location?
The AVPN Academy Corporate Social Impact Centre is hosting a Learning Circle to discuss the issues surrounding the scaling and replication of a CSI strategy. We will be joined by Swati Jetli, Vice President and Senior Corporate Volunteering Manager at Swiss Re Foundation. Swati will be speaking from her experience in leading SHINE, Swiss Re Foundation’s social entrepreneurship program where they help early stage entrepreneurs accelerate their growth by leveraging skill based corporate volunteering. Started in Bangalore, SHINE is now being replicated in other Swiss Re regions around the world.
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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)
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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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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.
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Source: EVPA, 2018
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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)
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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.
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