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A ‘Winning’ Approach to Corporate Social Responsibility: How Companies Can Get Started in Prize Philanthropy
Corporations have dramatically increased corporate social responsibility over the past several years, but much of their philanthropy still focuses on the same set of approaches: matching gifts, volunteer support and sponsorships. Renee Karibi-Whyte of Rockefeller Philanthropy Advisors explores an alternative model that can meet that same goals while also spurring innovation, generating excitement and driving publicity: prize philanthropy. She shares insights from a recent guide that can help corporations determine if prize philanthropy is their best option and develop an effective approach.
- Categories
- Entrepreneurship
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What Corporations and Smallholder Farmers Have in Common: Addressing the Challenge of Land Rights in Emerging Markets
Lucia Maurício farms about 25 acres of land in Mozambique to feed her family. Portucel manages over 32,000 acres of eucalyptus farms nearby, to power its global supply chain. As Mary Hobbs at USAID points out, both require clear and documented land rights to achieve their goals. She explains why land rights are an essential part of reducing poverty among farmers and boosting investment for corporations in sub-Saharan Africa.
- Categories
- Agriculture
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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.
- Categories
- Coronavirus, Finance
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Jeff Bezos commits $10 billion to fight climate change
Jeff Bezos is throwing his weight — and wealth — behind the fight against climate change months after Amazon employees publicly pressured him and the company to do more to address the issue.
- Categories
- Environment
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IIM-B takes Goldman Sachs ‘10,000 Women in India’ initiative to Mumbai
MUMBAI: Indian Institute of Management Bangalore (IIMB) and Goldman Sachs has expanded the Goldman Sachs 10,000 Women initiative training for women entrepreneurs to Mumbai for its next cohort. “The expansion to Mumbai was a logical choice, given that it is the financial and commercial capital of India,” the premier management institute said in an official statement. IIM Bangalore and Goldman Sachs 10,000 Women have also received the second highest number of applications from Maharashtra, second only to Bengaluru, accounting for 15% of the applications received in the first three cohorts of the program, signaling a need for holistic training for women entrepreneurs in the region, the statement from the institute said.
- Categories
- Entrepreneurship
- Region
- South Asia
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Nigerian ‘unicorn’ Interswitch sells stake to Visa
Visa Inc (V.N) will buy a significant minority stake in Nigerian payments platform Interswitch, creating “an instant acceptance network across Africa” that will help drive expansion, both companies said in a statement on Tuesday.
- Categories
- Finance
- Region
- South Asia
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Starbucks has failed in South Africa so far but is set for a do over
Just three years ago, residents of the Rosebank neighborhood of Johannesburg were buzzing around the launch of the first Starbucks store in sub-Saharan Africa.
Even though the city has plenty of independent coffee shops and cafes and some local chains, the brand cachet of Starbucks brought with it a frisson of excitement and global modernity that some South Africans crave.- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Shell and Sumitomo Buy 15 Percent Stake in Minigrid Firm PowerGen
Shell and Sumitomo have taken a minority stake in African minigrid firm PowerGen. The pair will have a combined ownership of 15 percent after leading the most recent funding round alongside six other investors. Shell will get a seat on the board, with Sumitomo taking an observer seat. Financial details of the Series B round were not revealed.
- Region
- Sub-Saharan Africa
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