December Social Impact News Roundup: Moving From Transactional to Transformational

Alexandra Nemeth

Senior Manager, Content Marketing & Storytelling at MovingWorlds

Why Social Procurement is the Future of Responsible Business

A recent report by Impact Europe, Sattva and SAP reveals a clear trend: 80% of businesses see social procurement as a solution to meeting their sustainability goals. This isn’t just about responding to consumer demand — companies are recognizing the potential for innovation and growth through collaboration with social enterprises. The report also highlights the role of social procurement in driving inclusivity, sharing examples of how partnering with minority- and women-owned businesses fosters economic equity and ethical labor practices. The bottom line? The future of social procurement is bright. Learn more here about how this trend is reshaping the future of responsible business.

Building Climate Resilience with AI

The latest research report from Mercy Corps Ventures outlines how data, analytics, and AI are laying a critical foundation for building climate resilience. Drawing on years of investment insights and over 30 interviews with leading innovators, the report analyzes how tech advances in the last decade have dramatically increased the sophistication of AI models. It also explores the trends (and barriers) shaping the possibilities for the next decade – notably, challenges related to data quality and the need for underlying infrastructure. Learn more here about how this community of innovators, funders and ecosystem partners can work together to realize a climate resilient future enabled by data. (Looking for ways to integrate AI into solving social problems more effectively? Check out this new AI-powered Research Assistant tool from Reach for Change.)

The State of CSR in India

As we reflect on a decade since India’s CSR mandate came into effect, it’s clear that the role of CSR has expanded significantly. Corporates are increasingly adopting a problem-first approach, going beyond the transactional nature of funding programmes to create a more enduring impact. CSR is now seen as a vehicle for innovation, often employing mechanisms such as innovative finance to attract further investment and enhance the scale and sustainability of solutions. Corporates are not only deploying funds, but are also playing a catalytic role by engaging in collaborative partnerships. Check out the full report here to see which industries are the biggest spenders, which sectors receive the most funding, and whether the funds are reaching the most in-need areas.

Social Impact Job Openings

Upcoming Events & New Programs

  • December 9: The 2024 Tech4Eva Conference will take place in Lausanne, Switzerland and online.
  • December 12: Join the TRANSFORM Support Hub for a ‘Discussion about Regenerative & Circular Business Models,’ feat. professor and award-winning author, Christopher Marquis. Learn more and register here.
  • December 13: Deadline to apply to the WiNFUND, open to women-led organizations working to improve healthcare access, affordability, and accessibility across Africa. 
  • December 20: Deadline to apply to the Crypto for Good Fund IV, open to early stage entrepreneurs working in web3 to drive climate resilience across the Global South. 
  • January 6: Deadline to apply to the 100X Impact Accelerator, open to impact-first ventures registered anywhere in the world with at least 10,000 end-users. 
  • January 8: Deadline to apply for funding and support from Truist Foundation Inspire Awards, open to nonprofits helping mid-to-late-career individuals reskill, upskill, or change careers.

Wins from our TRANSFORM Support Hub Community

A Final Bit of Inspiration

“Social procurement is more than just a transaction. It’s about building partnerships that create a ripple effect of social impact.” – Alexandra van der Ploeg, Head of Global Corporate Social Responsibility at SAP