Corporate Social Impact
Corporates for Social Impact
Society demands that corporates demonstrate leadership in and commitment to social and environmental causes. In response, corporates have become more sophisticated in their CSR strategies. They have moved beyond ad-hoc and project-based activities, which tend to have a short-term impact. They now pursue long-term impact by engaging in inclusive, strategic, and collaborative activities.
Join the movement.
Introduction
What is Corporate Social Impact?
Corporations are finding new ways to generate positive societal impact through their core business. Effective corporate social impact strategies make good business sense as they help to attract talent, catalyse innovations, and expand into new markets.
Members leading corporate social impact in Asia
Credit Suisse
AVPN partnered with Credit Suisse to create the SE Development Toolkit. Based on the VIRAL framework, the online tool helps SEs and funders have a common language to identify resources needed at each growth stage to become investment-ready. A growing number of funders and social enterprises are now using the toolkit to understand each other and channel relevant resources for scale.
Kellogg
AVPN helped Kellogg forge a multisector partnership to create the Bright Start Collaboration, launched in India, which provides schoolchildren with more breakfast, furthering their corporate mission that no child should go to school hungry. The pilot now feeds 2,000 children breakfast five days a week, with the aim to further scale up.
Prudence Foundation
Building on the ongoing efforts of Prudence Foundation to promote disaster preparedness across Asia, AVPN teamed with the corporate foundation to run a global grant-based competition in disaster technology innovation. The contest seeks to crowdsource and raise the profile of innovative and viable technology solutions which can help to alleviate the impact of natural disasters.
The competition allowed finalists to explore funding and collaboration opportunities with grant makers, impact investors, industry experts, and intermediaries, and is now geared for a second run in 2021.
Hyundai Motor Group
Hyundai and Instellar kicked off their partnership in 2019 after being introduced through another AVPN member, Crevisse, which had previously partnered with Hyundai to conduct similar programmes in South Korea prior.
DBS Pte Ltd.
When the pandemic hit in 2020, DBS China Ltd immediately allocated RMB 5 million (USD 700,000) to help communities hard hit by Covid-19. Through the “DBS Stronger Together Fund”, the bank provided millions of meals and care packs to affected individuals to cushion the economic impact on vulnerable groups and empower those who lost jobs. Leveraging NPI’s nationwide community networks, over 50 nonprofit organisations were mobilised in 12 cities to participate in the initiative. NPI’s speed in coming up with a suitable CSR programme that aligned with both parties’ values was critical in ensuring rapid implementation.
Circulate Capital
Common needs
Corporates in Asia experience common needs in implementing effective social impact strategies
Aligning values and trust between corporates and social purpose organisations
Gaining an in-depth understanding of social issues and solutions
Designing strategic or collective impact towards a strong theory of change
Building internal capacities to support the development sector
Partnering with intermediaries can address these needs
Approaches
How we approach Corporate Social Impact
While there is no one approach to developing a sustainability strategy, the ultimate goal of all corporates is to extend their core business values while maximising their social impact footprint.
Strategic CSR
Resources about Strategic CSR
Case Study
Leveraging intermediaries to maximise corporate social impact
Report
Sustainable Livelihoods in India: Demand and Supply Funding Landscapes
Report
CapitaLand – Catalyst of Change by NVPC
Employee Engagement
Resources about Employee Engagement
Case Study
How the intermediary Empact provides pro-bono services and skills-based volunteering (SBV)
Report
Giving Survey for Employees by NVPC
Corporate Giving
Resources about Corporate Giving
Case Study
How corporations can find the right partners to scale their impact initiatives: a case-study to tackle India’s malnutrition problems
Case Study
Dasra – Building knowledge for funding and deal flow
Report
Collaborative Philanthropy in Asia
Webinar
AVPN Webinar: Shifts in Chinese Private Sector Giving: Pandemic Philanthropy, China, and Technology
Webinar
AVPN Webinar: A Gender Lens Response to COVID-19 Funding & Philanthropy
Webinar
AVPN COVID-19 Webinar Series: Philanthropy’s response to COVID-19 across North Asia
Report
It’s Just Good Business: A Corporate Giving Guide by NVPC
Corporate Social Accelerator
Resources about Corporate Social Accelerator
Case Study
Crevisse – Building the next generation of socially innovative and financially sustainable enterprises
Case Study
Social Ventures Hong Kong moving social enterprises up through the dual engine and impact assessment
Case Study
British Council China: building the ecosystem, social enterprises and entrepreneurs
Social Business / Inclusive Business
Resources about Social Business / Inclusive Business
Website
Inclusive Business Webpage
Case Study
Long-term partnership catalyses innovative financing solution for smallholder farmers
Webinar
AVPN Webinar: Investment Preparation for Impact Enterprises
Corporate Foundation
Resources about Corporate Foundation
Case Study
EdelGive’s Due Diligence using sector overviews, transparency and funders’ network
Corporate Impact Fund
Resources about Corporate Impact Fund
Case Study
Caspian – Making due diligence work through pre-launch work, low costs and testing the relationship in negotiations
Case Study
Japan Venture Philanthropy Fund – from grants to social innovation
Case Study
ChangeFusion – Mutually building the mutual fund
Case Study
Impetus- The Private Equity Foundation – Building the Capacity for Impact
Website
Impact Investing in Asia
Report
Impact Investing in Asia: Overcoming Barriers to Scale
Case Study
Lok Capital’s active portfolio management approach
Webinar
AVPN Impact Fund Webinar Series: Integrating a Gender Lens into an Investment Strategy
Webinar
AVPN Webinar: Leveraging AVPN Deal Share for Creating Social Impact in India
Webinar
AVPN-EVPA Webinar: Creating Shared Value: The Key Role of Corporate Social Investors
Participate
Take the poll to understand where your priorities and challenges are in maximising your corporate social impact.
Get a glimpse of the issues that fellow corporates are also supporting, and where you can make the most impact. Gain access to best practice case studies upon completing the poll!