What is Corporate Social Impact and Why Now

AVPN Faculty · November 21, 2021

Module type:

This is a self-paced module.

About this module:

This module will equip you with the foundational understanding of Corporate Social Impact as an important lens and framework through which you can explore approaches for your company that are more innovative, strategic, and collaborative. It will provide an introduction into the emergence and characteristics of CSI, as well as case examples of how various corporations have navigated some of the common challenges faced in implementing a CSI strategy.

Lessons:

  1. Defining Corporate Social Impact
  2. Understanding the Emergence of Corporate Social Impact in Asia
  3. Finding Alignment for Lasting Efforts
  4. Achieving Impact through Collaboration
  5. Deepening Success with Impact Measurement and Management

Learning objectives:

  • Define Corporate Social Impact
  • Map out the role of corporations vis-a-vis impact in Asia
  • Begin articulating a broad win-win strategy for all stakeholders
  • Appreciate how synergistic and multi-sectoral partnerships can help you overcome barriers to achieving greater scale and depth of impact.
  • Understand the range of tools and reliable frameworks that you can apply to measure the effectiveness of your programs.

About Instructor

Arnil Paras

As Head, Academy at AVPN, Arnil leads learning design, curriculum curation and pedagogy, both for self-paced and lived modules.

 

With almost 20 years of teaching, he is an experienced lecturer and facilitator, and co-leads the Academy’s different learning formats such as learning circles, Ask the Expert, and panel discussion webinars.

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Module Includes

  • 5 Lessons

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

Learn more about Corporate Impact Fund