July Social Impact News Roundup: Business as a Force For Good

Alexandra Nemeth

Senior Manager, Content Marketing & Storytelling at MovingWorlds

In July, we were inspired by the way that actors across sectors are leveraging business as a force for good. Here are some highlights from July 2021:

Business as a Key Partner in the Development Sector

In 2014, India became the first country in the world to mandate CSR spend through legislative action. In its recent CSR landscape study, Sattva details how CSR has grown in the years since to occupy an important role in sustainable development. For companies thinking about developing new partnerships to drive sustainable solutions, Resonance released a Partnership Development Toolkit to help identify your organization’s applicable assets and gaps, map potential partners, and prioritize and select your best options. MovingWorlds also shared 7 leading social impact frameworks to add to your problem-solving toolkit when partnering with social enterprises to scale impact.

Increasing Investments in Social Enterprises

Catalyst2030 published a new report, Catalysing Collaboration: How & Why Corporates & Social Enterprises Should Partner to Achieve. According to the report, “Strategic global companies are stepping up, making ambitious pledges for the SDGs and integrating sustainability investments into core business strategy. To advance this work, companies are, increasingly, on the hunt for new partners—and new ways of driving impact. Here, we argue that social enterprises are a vital part of the equation.” Read the full report here. Social enterprises that are looking to build the skills and connections to develop these partnerships should consider applying to S-GRID Accelerator.

Breaking Down Barriers to Inclusion

For business to be used as a force for good, it has to be inclusive. One way to do that is through impact investing, which we break down in our latest “What is Impact Investing” guide. Microfinance is another way to drive financial inclusion, and in its annual report Kiva shared that in 2020 alone it funded $127 million in loans to over 300,000 borrowers. On the capacity-building side of things, MicroMentor is driving inclusion by investing in the skills and networks of early-stage entrepreneurs, particularly from BIPOC communities.

Social Impact Job Opportunities:

Featured Experteering Projects

Looking for an opportunity to use your skills for good while challenging yourself to grow? You could be the perfect fit for one of this month’s featured projects from our S-GRID social enterprise network if you have any of the following: 

  • Skills related to digital architecture for open banking: Catu.ai equips financial institutions with a digital platform to personalize and simplify loan application processes. The team is looking for support to transition our applications to an open-banking architecture suited for digital services, in a way that is sustainable.
  • Connections to impact investors or donor advised funds: Re-Mat is producing the first circular economy dog bed. The team is looking for connections to impact-centric funds so that it can raise the money to launch a nonprofit mattress recycling operation.
  • Connections to hardware and home improvement retailers: Arqlite is a recycling technology company serving massive industries, developing highly efficient materials made 100% from discarded materials. The team is seeking connections to sustainability leaders at large corporations in hardware and home improvement retail to help scale its products.

Upcoming Events & New Programs

  • August 10-12: Conveners.org and its partners are hosting the 2021 Accelerating the Accelerators: Thriving Forward conference. Learn more and get your ticket here.
  • August 16th: Yunus Social Business is hosting a webinar, “Transforming Your Company Into a Force for Good” to share lessons learned from Peace Nobel Prof. Laureate Muhammad Yunus & former Unilever CEO Paul Polman. Learn more and register here.
  • August 26th: Charity Village is hosting a webinar, “How to Use Design Thinking to Advance Your Social Impact Career Post-COVID” featuring MovingWorlds Institute Director Cole Hoover. Learn more and register here

A Final Bit of Inspiration…

“We have to bring this world back to sanity and put the greater good ahead of self-interest.”
– Paul Polman, Unilever