Social Entrepreneurship CSR News

How to Power Inclusive Growth From the Ground Up

By Shamina Singh, President, Mastercard Center for Inclusive Growth, Mastercard
Blog

Over the past three decades it has become increasingly clear that neighbourhoods play a key role in shaping economic prospects. A long body of research shows that where we live determines many of our life opportunities—from access to good schools to decent jobs and the transportation that connects us to those jobs.

Fair Trade USA Names Nathalie Marin-Gest Head of Fresh Goods to Focus on Evolution and Growth

Marin-Gest to oversee produce, floral, seafood and continue to expand non-profit’s work on North American farms
Press Release

OAKLAND, Calif., January 9, 2018 /3BL Media/ – Fair Trade USA®, the leading third-party certifier of fair trade products in North America, has named Nathalie Marin-Gest as Head of Fresh Goods, overseeing the Fair Trade Certified™ produce, floral, and seafood product categories.

Looking Ahead to the Future of Work Around the Globe

Countries must put millions of more women and young people to work if they are to ride the waves of change.
Blog

There was a brief moment in October when the U.S. Democratic presidential candidates turned away from debating the headline issues of today to a looming challenge: the future of workers.

The Future of Preservation is Sustainable Tourism

Blog

Lately, there have been several news items about cultural heritage sites that are either under siege by tourists or the environment. Venice is under water. The Louvre is overrun by visitors seeking a selfie with the Mona Lisa. Pompeii needs saving after its just-completed extensive restoration. Machu Picchu is under threat from a planned international airport in the Sacred Valley. 

Celebrating the Power of Entrepreneurs to Solve Global Problems

Blog

For millennia, entrepreneurs have been changing the way we live, how we work, what we eat, and more. They touch every aspect of society with their ingenuity, creativity, and technical know-how and today we are excited to honor their accomplishments by celebrating National Entrepreneurs’ Day.

Institutional Investor: Where ESG Fails

By Michael E. Porter & George Serafeim & Mark Kramer
Summary: 

Despite countless studies, there has never been conclusive evidence that socially responsible screens deliver alpha. A better model exists, argue Harvard Business School luminaries Michael Porter, George Serafeim, and Mark Kramer.

Article

Despite countless studies, there has never been conclusive evidence that socially responsible screens deliver alpha. A better model exists, argue Harvard Business School luminaries Michael Porter, George Serafeim, and Mark Kramer.

Published in Colombia: The Business of Solving Social Problems

by Dane Smith, Laura Amaya
Summary: 

A version of this blog post was published in Spanish, in the financial newspaper ‘Portafolio’, as part of the special issue on Empresas INspiradoras, which recognizes companies adopting a shared value approach. For a second year in a row, FSG worked closely with Colombian National Industry Association (ANDI) to develop a set of selection criteria that were appropriate for Colombia’s business and socio-political context. These included:  the scale of measurable social impact of a shared value strategy, its contribution to the company’s profitability and competitive advantage, and the degree to which the strategy supports the inclusion of historically underserved or marginalized groups.

Chocó is one of Colombia’s most impoverished regions, with 48% of people living in poverty. It also has the highest unemployment rate in the country, at 17%. In 2013, Telefónica Moister set up a call center in the city of Quibdó, Chocó’s capital. Beyond the potential for impact, Telefónica Movistar saw a strong business opportunity in this new venture. The investment paid off – the Quibdó call center employs 150 people, and has generated significant cost savings for the company as a result of having staff turnover rates 50% lower than other call centers across the country.  With the Quibdó call center, Telefónica Movistar is adopting a shared value approach. It is increasing its profitability by solving a social problem.

Blog

A version of this blog post was published in Spanish, in the financial newspaper ‘Portafolio’, as part of the special issue on Empresas INspiradoras, which recognizes companies adopting a shared value approach. For a second year in a row, FSG worked closely with Colombian National Industry Association (ANDI) to develop a set of selection criteria that were appropriate for Colombia’s business and socio-political context. These included:  the scale of measurable social impact of a shared value strategy, its contribution to the company’s profitability and competitive advantage, and the degree to which the strategy supports the inclusion of historically underserved or marginalized groups.

Chocó is one of Colombia’s most impoverished regions, with 48% of people living in poverty. It also has the highest unemployment rate in the country, at 17%. In 2013, Telefónica Moister set up a call center in the city of Quibdó, Chocó’s capital. Beyond the potential for impact, Telefónica Movistar saw a strong business opportunity in this new venture. The investment paid off – the Quibdó call center employs 150 people, and has generated significant cost savings for the company as a result of having staff turnover rates 50% lower than other call centers across the country.  With the Quibdó call center, Telefónica Movistar is adopting a shared value approach. It is increasing its profitability by solving a social problem.

Benevity Announces $40M in Series C Funding From General Atlantic and JMI Equity

Investment Will Further Benevity’s Unmatched Reach and Innovation in Burgeoning Corporate Purpose Technology Sector
Press Release

CALGARY, Alberta, October 22, 2019 /3BL Media/– Benevity, Inc., the global leader in corporate social responsibility (CSR) and employee engagement software, today announced that the company has raised $40M in Series C Funding from General Atlantic and JMI Equity.

Seizing the Opportunities Life Has to Offer

Blog

“Chance favours only the prepared mind.” This quote from the great French scientist Louis Pasteur is the motto of SH Chan, Managing Director - China of CLP. Opportunities do not always come along, he says, but people must be ready to seize them when they do.

Fair Trade USA Founder & CEO Wins Ethical Corporation’s 2019 Business Leadership Award

Paul Rice recognized for nonprofit’s work to empower farmers and workers for more than 20 years
Press Release

OAKLAND, Calif., October 15, 2019 /3BL Media/ – Fair Trade USA®, the leading third-party certifier of fair trade products in North America, is proud to announce that its founder and CEO Paul Rice was honored with the Business Leader of the Year Award at Ethical Corporation’s 10th Responsible Business Awards 2019 – the world’s leading celebration of responsible business excellence.

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