Investing has become synonymous with growing capital rapidly and efficiently. But with the uncharted growth of the new impact investing industry, social responsibility and impact are becoming key players in company ratings and development. Learn more about how GIIRS (The Global Impact Investing Rating System) can play a key role in facilitating this industry.
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.
Over the last several months, government agencies across the US at the state, county, and city level have launched COVID-19 dashboards to provide up-to-date information about the pandemic in specific regions. However, there are notable differences in functionality, transparency, and overall effectiveness among dashboards.
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.”
The last few months have highlighted long-standing and deep-rooted injustices in the US. The COVID-19 pandemic has disproportionately affected communities of color by nearly every measure: lives lost, risks taken by essential workers, economic hardship, etc. And the murders, lynchings, and brutalizing of Ahmaud Arbery, George Floyd, Breonna Taylor, and countless other Black people over the last several centuries—at the hands of the police and white supremacists—have reminded us of the urgent and undeniable issues of systemic and institutional racism, state-sponsored violence, and deep-rooted bias and prejudice in our country.
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 momentPre-COVIDBefore 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. Every few months, …