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Press Release: SOCAP Virtual: A Global Impact Summit Convenes Community of Social Impact Stakeholders for 13th Annual Conference October 19-23
Collective of changemakers partner to unlock the power of global markets to accelerate an inclusive econom
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- Investing
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COVID May Be Impact Investing’s Defining Moment, Actis’s Shami Nissan Says
In the corporate world, socially responsible behavior is being put to the test, too — revealed as either phony marketing or a true commitment to global betterment.
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- Investing, Technology
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The Case for Stakeholder Dividends: Why It’s Time for the Financial Sector to Put Its Money Where Its Mouth Is
While the financial devastation of COVID-19 may remind America's working families of the 2008 crisis, Peter Tufano and Timothy Flacke at Commonwealth argue that this time, banks can be the heroes rather than the villains. They explain why this will require banks to make a pivotal choice between enriching their shareholders and supporting their stakeholders – including the country's most vulnerable customers.
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- Coronavirus, Finance
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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
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- Coronavirus, Finance
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A Pandemic Response Based on Listening: Leveraging Customer Interviews to Understand COVID-19’s Impact in the Developing World
As COVID-19 spread around the world early this year, there was a flurry of data about its impact. But nearly all of it was gathered via online surveys, which omitted the 50% of the global population that lacks internet access. 60 Decibels responded by launching phone surveys with over 10,000 people in 13 developing countries to discuss their challenges and unmet needs. Kat Harrison discusses what they found.
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- Coronavirus, Impact Assessment
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Ethical Labels Not Fit for Purpose, Report Warns Consumers
Certification schemes may serve to mask human rights abuses and allow government inaction, study claims
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- Agriculture, Energy
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How Can Corporations Make the Transition to Sustainability? A Q&A with the Authors of ‘All In’
Global corporations can play a major role in addressing the core social challenges of our time. But how can they make the transition to sustainability – especially when many of their business models depend on unsustainable resources or practices? That's one of the questions explored in 'All In: The Future of Business Leadership,' a new book by three leading thinkers in corporate sustainability. In this Q&A, the authors discuss the keys to effective corporate sustainability leadership, the importance of the year 2030, and the ways smaller social enterprises can contribute.
- Categories
- Social Enterprise
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Viewpoint: The missing third party: Corporations and the new social contract
Today, annual revenue of the five largest global corporations exceed $250 billion, topping the GDP of 75 percent of the world's nations. In the United States, all Fortune 500 companies combined represent two-thirds of the U.S. GDP of $12 trillion in revenues and employ 28.2 million worldwide. Apple's market capitalization recently reached a record $900 billion while four other U.S. firms — Alphabet, Microsoft, Amazon and Facebook — exceed $500 billion. Over half of world's largest economic units are companies.