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Doing Good by Doing Business: How B1G1’s Innovative Giving Model Is Mobilizing Small and Medium-Sized Enterprises to Make a Social Impact
B1G1 (Buy1Give1) is a global business giving initiative that makes it easy for enterprises – particularly small and medium-sized enterprises (SMEs) – to support charitable causes around the world. NextBillion spoke with founder and CEO Masami Sato to discuss how B1G1 developed its innovative model, how its approach differs from the model popularized by companies like TOMS Shoes, and why it’s important to mobilize the power of SMEs to build upon the impact of traditional charitable giving.
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- Entrepreneurship, NextBillion Originals
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Agribusiness Giants ADM, Bunge Trading in ‘Conflict’ Palm Oil, New Human Rights Report Says
A report by Global Witness has found that more than 100 Indonesian palm oil mills supplying agribusiness giants ADM and Bunge have been accused of land and human rights violations and environmental destruction.A report by Global Witness has found that more than 100 Indonesian palm oil mills supplying agribusiness giants ADM and Bunge have been accused of land and human rights violations and environmental destruction.
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- Agriculture, Environment
- Region
- South Asia
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Press Release: DFC and Rockefeller Foundation Sign MOU to Invest in Solutions to End Energy Poverty
The MOU seeks to achieve economies of scale by bringing together two major initiatives: The Rockefeller Foundation’s Powering an Inclusive Covid-19 Recovery and DFC’s Roadmap for Impact, the agency’s new strategy for maximizing its development impact.
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- Coronavirus, Energy
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Brainly Raises $80 Million as Its Platform for Crowdsourced Homework Help Balloons to 350 Million Users
Brainly, a startup from Poland that has built a popular network for students and their parents to engage with each other for advice and help with homework questions, has raised $80 million, a series D that it will be using both to continue building out the tools that it offers to students as well as to home in on expansion in some key emerging markets such as Indonesia and Brazil. The news comes on the heels of dramatic growth for the company, which has seen its user base grow from 150 million users in 2019 to 350 million today.
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- Education
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2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Businesses Behaving Badly: The Troubling Parallels Between Microfinance and Facebook
Chuck Waterfield left microfinance five years ago, after working in the sector for three decades. He stopped using Facebook three years ago, after using the platform for about 10 years. As he explains, he left them both for a similar reason: Their business models have grown increasingly problematic over time – and without external intervention, things are likely to get worse.
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- Finance, Technology
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2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Unity During the Pandemic: How the Social Enterprise Community is Coming Together to Survive COVID-19
The economic fallout from COVID-19 could increase global poverty by as much as half a billion people. And as Pamela Roussos at Miller Center for Social Entrepreneurship points out, the pandemic is also delivering a heavy blow to the social enterprises that fight poverty around the world. She explores some new and innovative ways these enterprises, and the broader sector, are responding to the crisis.
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- Coronavirus, Entrepreneurship
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2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Impact Measurement and Management During COVID-19: Tips and Resources to Help Social Impact Organizations Adapt
As the scope of the COVID-19 economic crisis becomes clear, social impact organizations are scrambling to cut costs. According to Matthew Guttentag and Mallory St. Claire at ANDE, this might lead them to reduce their focus on impact measurement and management (IMM). They explain why this would be a mistake – and how organizations can adapt their IMM activities during the crisis.
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- Coronavirus, Impact Assessment
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2020 MOST INFLUENTIAL ARTICLE CANDIDATE: Facing Up to Failure: An Open Letter to Entrepreneurs During COVID-19
Leading a startup is hard. Leading a purpose-driven startup is harder. And as Mike Quinn, co-founder of Zoona writes, leading a purpose-driven startup while a deadly global pandemic has shut down the entire economy is almost impossible. In this heartfelt letter, he offers some straight talk – and a surprising silver lining – to help entrepreneurs through this unprecedented time.
- Categories
- Coronavirus, Entrepreneurship
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