Pros and Cons of SIBs

Dilbag Singh Impact Measurement & Management, Social Impact

Social Impact Bonds (SIBs) are a new form of social-sector financing that have only recently emerged. These arrangements stipulate that private agents offer the principal investment in a social initiative and receive returns related to stated performance benchmarks. This presents an opportunity for the government to avoid footing the bill for expensive programs and for the private sector to support the social sector with the potential to profit.

How Can Your Company Follow Through with Your SDG Promises?

Dilbag Singh Social Impact

Since the release of the United Nations’ Sustainable Development Goals in 2015, numerous companies have promised to enhance and measure their impact using the SDGs as a guide. Following through has proven easier said than done, and implementing effective data gathering and reporting methods has been a major roadblock. By leveraging the latest tools (including Corecentra’s solutions), companies can revamp their SDG efforts.

Lessons Learned during COVID-19

Dilbag Singh Social Impact

The most enduring images from the COVID-19-related shutdowns and quarantines are typically of empty streets, schools, and offices. Concerts and festivals have been canceled, travel has been dramatically curtailed, and for many, the world has been compressed into a computer screen. But for a large number of people in marginalized and underserved populations, the effects of the pandemic are more deeply felt. People in these groups may suffer from preexisting conditions such as chronic comorbidities,diabetes, asthma, and more.

Types of CSR

Dilbag Singh Impact Measurement & Management, Social Impact

The idea of modern businesses supporting social causes and giving back to their communities goes as far back as the era of Andrew Carnegie and John D. Rockefeller, wealthy philanthropists who donated more than $500 million to charities in their time. However, it wasn’t until 1953 that Howard Bowen coined the phrase “corporate social responsibility,” encouraging businesses to serve the needs of society.

Real-Time Data: Why it’s the Fuel for Social Impact

Anish Nagar Data & Technology, Social Impact Leave a Comment

Data is the fuel of the digital economy. But the benefits of good data extends well beyond businesses: data is essential to the productivity and success of modern for-profit and nonprofit organizations. Unfortunately, while 90% of nonprofits collect some data, “almost half say they aren’t fully aware of the ways data can (and does) impact their work.” 

To better understand the applications of data for socially-impactful organizations, social sector experts have categorized data into two types: “data for action” and “data for impact.”

Social Impact tracking has to change for the pandemic—and the tech has to change with it

Anish Nagar Social Impact, Startups & Growth

Social Impact tracking has to change for the pandemic—and the tech has to change with it ‘Social impact’ is changing for many organizations — and our startup is changing to meet the moment Pre-COVID Before COVID, most companies, foundations, and NGOs thought about social impact tracking and reporting as a quarterly or annual exercise to engage donors, investors, and communities. …