We hear about "inner work" often when we work with companies on equity. What do we mean by "inner work" and why is it so important? In the latest FSG blog, Nikhil Bumb shares professional and personal experiences demonstrating how inner work is crucial to companies advancing and achieving equity.
Shifting power is critical to reshaping the traditional corporate-community relationship dynamic. In part 2 of our blog series on community engagement, we share 5 lessons based on our work with companies rethinking community engagement to advance equity.
Community engagement has long been popular with the corporate sector. Often relegated to market research, hometown grantmaking, and volunteerism, community engagement has historically been a means for companies to “give back” or improve external brand perception. And more often than not, the approach is reactive, reputation-focused, and transactional, grounded in a “savior” mindset, where companies hold the power, resources, and answers about how to effectively support their community.
Advancing Equity through Health Navigation is a new blog co-authored by Diana Blankman, head of corporate social responsibility at Sanofi US, and Adeeb Mahmud, a former managing director at FSG.
The two organizations began partnering on health equity before the start of the COVID-19 pandemic, and the journey is ongoing. This blog shares reflections from the journey in the hope that it may inform and inspire others to take action.
“Two powerful insights have emerged for us through this process:
BOSTON, January 20, 2022 /3BL Media/ - FSG, a global social impact advisory firm, is pleased to announce that Chirlie Felix has joined the firm as a managing director. In her new role, Chirlie will help lead the firm’s corporate racial equity work alongside a talented team of social change experts.
How much does true change cost? Who is best placed to invest? What are the win-wins and trade-offs?
Economics of Impact is an emerging practice by which purpose-led companies are answering these questions, pushing the impact measurement and management frontier, and starting a whole new conversation with their ESG investors.
Imagine a group of Americans facing a barrage of structural challenges: rapid demographic change, mortality rates 75% higher than comparable populations, deep racial inequities, a housing affordability crisis, high rates of concentrated persistent poverty, systemic barriers to accessing state and federal resources, front line impacts of climate change, a profound economic decline, to name a few. Surely, you’d think, this community would be a primary focus of philanthropy and a topic of nuanced national discourse.
New Report from FSG Calls on Entire Philanthropic Sector to Address Global Warming, Center on Climate Justice
BOSTON, November 2, 2021 /3BL Media/ - As leaders from around the world gather in Glasgow, Scotland for COP26 to discuss a unified response to climate change, a new report from global social impact advisory firm FSG calls on the philanthropic sector to fully embrace the challenge of meeting the threats to vulnerable communities posed by global warming.
In the midst of a pandemic and unprecedented recession, purpose-led companies have the enormous potential to advance equity and reverse deepening disparities.
We have seen multiple businesses making pledges to advance more equitable markets. But commitments are easy to make and hard to keep. To truly become a purpose-led company, companies must understand how products sold, their operations and associated costs, and yes, profit, close or widen inequities in our societies.
It seems like almost every company has made statements recently supporting racial equity. However, it is quite evident that many are putting more effort into saying the right things than putting their words into action.
But even among the companies that are earnestly exploring the ways their businesses can advance racial equity, there seems to be a pervasive mental model that is getting in the way of having more impact.