FSG

New Report Details Challenges and Solutions to Advancing Frontline Employees of Color

Includes evidence-based employer practices to support advancement to first-level management positions
Press Release

A new report titled “Advancing Frontline Employees of Color: Innovating for Competitive Advantage in America’s Frontline Workforce” was released today as a resource and call to action for employers to support the advancement of frontline employees of color.

FSG's Top Reads From 2019

Advice for corporate and foundation leaders
Blog

From insights on purpose-led companies to advice for philanthropic funders, see what made the list of FSG's most-viewed content this past year.

See FSG's Top Reads >

How Do You Evaluate Systems Change? A Place to Start.

Blog

Systems change has received much attention in recent years as grantmakers have increasingly set out to change underlying conditions that hold systemic challenges in place. The concept is becoming more concrete as foundations, community organizations, and collaboratives have made real change in their communities by using a systems lens. In addition, equity is increasingly recognized as essential for systems change work.

Are You Ready for a World of Purpose-Led Companies?

Blog

We’re reaching a tipping point in purpose-led companies, as governments, investors and consumers increasingly indicate that they prefer companies that address global problems through competitive and profitable strategies. But many companies have not yet awakened to that reality to rethink how they will compete effectively in this new world.

Three Ways Funders Can Be Co-Strategists

Blog

Last week, a few of my colleagues and I had the pleasure of attending Change Philanthropy’s Unity Summit, a biennial gathering that now brings together more than 1,000 Philanthrofolk—philanthropic equity activists and allies—from across the country.

Bringing a Pediatrician's Perspective to Philanthropy

Lauren Smith Joins the Business of Giving Podcast
Article

This edition of the Business of Giving features Lauren Smith, co-CEO of consulting firm FSG. Formerly Foundation Strategy Group, its goal is to facilitate impact on complex social problems by encouraging collaboration across multiple sectors and perspectives. Smith, a pediatrician, particularly likes to focus on the well-being of communities.

Business As Usual Will Not Save the Planet

By Mark R. Kramer, Rishi Agarwal, and Aditi Srinivas
Article

The United Nations’ 17 sustainable development goals (SDGs) were explicitly designed to engage the private sector in addressing the world’s most pressing challenges. Four years into the UN’s 15-year timeline, the question is whether companies are advancing serious solutions or are simply embarking on a massive global public relations charade. Unfortunately, our internal research points to the latter.

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.

FSG Welcomes John Harper As Managing Director

Press Release

BOSTON, September 17, 2019 /3BL Media/—FSG, one of the world’s leading advisors on creating social impact, is thrilled to welcome its newest managing director, John Harper, to its consulting team. 

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