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.

Outcome Based Approach vs Output: How that Relates to Corecentra

Dilbag Singh Impact Measurement & Management

In modern Corporate Social Responsibility (CSR) and professional philanthropy, there is specific language—as with all sectors—used to describe its line of work. While some industry-specific vernacular is used to describe complex concepts, some of the jargon may unintentionally obscure meanings to the detriment of transparency. In the case of the words ‘outcome’ and ‘output,’ there is a clear distinction between the two terms that is not widely understood.

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.

What Is Theory of Change And How Can it Help Me Further My Organization’s Mission?

Dilbag Singh Impact Measurement & Management Leave a Comment

Companies, investment managers, and nonprofits are under increasing pressure to improve their social & environmental impact. Doing so also means getting better at measuring and reporting their performance in a defensible, rigorous way.

These impact-related ‘pain points’ are strikingly similar across the public and private sectors and civil society but are sometimes expressed in different ways: