Everything you need to know about social impact.
the social impact revolution is here
The social impact revolution is transforming the way corporations, startups, investors, and policy makers think about business. The time has come to DO WELL by DOING GOOD.
Impact investing refers to a growing category of investing in which investors want to create both financial return and a social impact. Impact investors look for companies that are profitable, intentionally address a social or environmental challenge, and are able to measure their impact.
Triple Bottom Line
Rather than focus solely on a business' traditional bottom line (profit), the triple bottom line theory considers people, planet and profit. Meaning businesses need to think about the interactions between their social impact, environmental impact, and profit to be truly successful.
UN Sustainable Development Goals
The UN has identified 17 Sustainable Development Goals (SDGs) that the world needs to achieve by 2030 for a "better and more sustainable future for all." The SDGs are important to impact entrepreneurs because they create a framework for thinking about and measuring the impact of your startup. Impact investors often want to know if a startup they are thinking about investing in addresses one (or more) of the 17 goals.
The idea of a circular economy is to "close the loop," and rethink our supply chains to eliminate waste. While there are many ways to think about a circular economy, perhaps the most obvious is to think of it in terms of reduce, reuse, recycle.
Corporate Social Responsibility
Corporate social responsibility (CSR) is a business management approach that emphasizes social accountability to a company's stakeholders and the broader public. Companies that practice CSR improve their economic, social, and environmental impact on society.
Creating Shared Value
Creating shared value (CSV) is a broad economic theory that suggests that businesses can create economic value by creating societal value. In other words, by actively improving society, businesses increase their own competitiveness. In this way of thinking, by acting as as a force for good, businesses improve their performance.