The Department of Labor’s recent notice of proposed rulemaking on environmental, social, and governance (ESG) factors in pension fund investments has received a lot of responses, both in the official Federal Register docket and in the news media and blogosphere.
The COVID-19 pandemic seems to be marking a major change in thinking and perceptions across health, justice, as well as, in government, corporate, and personal responsibility. All of a sudden the concept of “social responsibility” is less conceptual or academic and is now more visceral and relevant to daily life, business, and employment realities. Every day in the new
Press Release: MovingWorlds Announces New Social Enterprise Program, S-Grid, to Accelerate Post-COVID Recovery
Sustainable Growth of Revenues for International Development; in partnership with SAP; building skills and capacity of social enterprises and small business; connecting them to corporations for more sustainable and equitable practices; creating a regenerative economy
Innovating on the Pay for Success Model: How ‘Social Derivatives’ Can Unlock Everyday Giving to Incentivize Greater Impact
Pay-for-success models have generated considerable excitement in the social finance sector. But according to Akhil Pawar and Geet Kalra at Yunus Social Business, the approach presents several challenges, mainly around the question of who will pay, and how to ensure an economical structure. They share a potential solution that leverages retail giving, substituting large donors with small ones by using "social derivatives."
Despite the economic crunch, the joint pursuit of profit and purpose may have a very bright future. But first, we need to return to basics.