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Aug 25

Learning Circle – Recreating the Magic: Scaling a Successful Local CSI Strategy

August 25, 2022

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. 

Details

Date:
August 25, 2022

Venue

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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Building your inclusive business: How to identify funders

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Growing your Inclusive Business

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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

Learn more about Corporate Impact Fund