Each week, we compile and summarize the top articles on corporate social impact, impact investing, and conscious capitalism from around the world, and deliver it to your inbox every Saturday morning for you to enjoy and digest.
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SOCIAL IMPACT INVESTING IS GOING MAINSTREAM
Many people are familiar with fair trade coffee, but less clear about where to go for the equivalent of “fairtrade banking”. This is where a new suite of products called social impact investment comes in. Social impact investment was originally a niche market. Options for people who wanted to be socially responsible in their investments were limited, and those products that were available were targeted at specialist investors – effectively closing the door on everyday people. But over the past decade, social impact investment has been brought into the mainstream. Global corporations are creating products to meet this demand, driven by a desire from consumers to make a difference, while still making wise financial choices.
HOW TO START A GENUINE SOCIALLY-RESPONSIBLE BUSINESS
A socially-responsible business involves more than allocating a certain portion of the profit for a specific cause or expecting employees to volunteer for a non-profit organization after work. It’s a business that’s genuinely immersing itself into being the beacon of being socially conscious and responsible. Starting out with a clean slate is preferred, as it allows you to scrutinize every aspect of the business to adhere to the “socially responsible standards.” Starting and managing a socially-conscious business requires a heightened awareness of leadership, team members, management style, processes, materials, technologies, and products.
UNILEVER CHIEF SEES SUSTAINABLE DEVELOPMENT OPPORTUNITIES IN ASIA
When the United Nations adopted its 17 Sustainable Development Goals in September 2015, Unilever chief executive Paul Polman stood out as the only business leader who took part in drafting the document. In Mr. Polman’s view, the goals — which include promoting good health and education, gender equality, clean water and sanitation, good jobs, eliminating poverty and hunger and combating climate change — provide the seeds of business opportunities. The opportunities for companies such as Unilever in Asia’s emerging economies are matched by the environmental and social challenges in the region. More than 40 per cent of the company’s total revenue last year came from Asia, Africa, the Middle East, Russia, Turkey and Ukraine, compared with 31 per cent in 2007. “Most of our growth is taking place in emerging markets,” he said.
THREE WAYS TO REDEFINE CORPORATE PHILANTHROPY FOR THE 21st CENTURY
What are the problem-solving sectors in a society? For many, there are just two: government and business. The space in between is often ignored, but no less important. That space - a third sector between legislative action and for-profit enterprise - has long been one of the most effective in defining and addressing a myriad of social problems. Solving public problems with private resources has a long and hallowed tradition in America, particularly as “civil society sprang up in the US before the government”. So how can this tradition continue to address today’s problem? Click below to read more about three ways we can redefine corporate philanthropy for the 21st century.
THE WINTER BOX IS COMING SOON
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INTRODUCING MARIE MAE'S LIVE WORKSHOPS
We are bridging the gap between business and social impact.
The Marie Mae workshop is a two-day intensive training course developed specifically for business owners and C-level executives. Offered once a month, the workshop assists companies in building out an integrated social impact strategy that aligns their business strategy as a whole. We help you identify where your business can uniquely make an impact in the marketplace and appeal to internal and external stakeholders. Utilizing the 5-part Marie Mae Method, we create an implementation plan for your business, and discover key metrics to track effectiveness.
Our next workshop is October 26-27. We would love for you to join us!
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