to make changes to help women progress in their workforces. The Business of Social Impact. The outdoor clothing company is well-known for their commitment to sustainability and fleeces made from recycled plastics, but they also support a number of other social initiatives. Businesses cannot afford to ignore the social impact of their business or the interests of their wider stakeholders, as the Business Roundtable explained in the updated Statement on the Purpose of … The difficulty of measuring social impact and the lack of transparency around it have been two of the key criticisms that have come about in terms of the long-term importance of investing in these initiatives. They are partnering with REP (Refugee Employment Partnership) to help documented refugees find work, supporting female leaders in Mozambique by gifting over 300 scholarships, and establishing chapters of WiAM (Women in Account Management) in Australia, China, Hong Kong, India, Japan and SouthEast Asia, just to name a few. Increases Referrals. While often they connect their social initiatives to the process of making ice cream, like supporting Fairtrade, Ben & Jerry’s also partners with different social equality groups. Flatiron Health believes that learning from the experience of every cancer patient is the key to accelerating research, but cancer data is heavily unstructured. … Aside from their investment in social innovation, Cox Enterprises has had a national sustainability program since 2007, and has invested more than $100 million in sustainability and conservation projects. Company founders and CEOs are increasingly being turned to as thought leaders and activists with the influence and capital means to incite true social change. The firm recognizes that, in order to achieve their mission of providing clients with a better community, giving back has to be part of the equation. Through the combination of these efforts Southwire is able to reduce their carbon footprint, build a safe and inclusive workplace, ensure transparency and responsiveness throughout the organization, engage staff in meaningful community service outreach, and deliver the best quality service for their customers and stakeholders. One of the ways this global communications company is making a social impact is by powering the potential of promising startups that are focused on addressing today's most pressing social and environmental challenges. Social entrepreneurship in the United States generally “reflects a focus on generating income for organizations that provide services typically thought of as being provided by the nonprofit sector,” according to Matthew F. Doeringer in his 2010 publication, “Fostering Social Enterprise: A Historical and International Analysis.” From alleviating poverty to providing the underemployed with jobs and finding accessibility solutions for … They pledge at least 1% of their sales or 10% of their pre-tax profits (whichever is more) to environmental grassroot groups. They partnered with the World Wildlife Fund to help source more responsible materials for their toys, and in 2018 released a line of legos that are made entirely of sugarcane. This company also encourages employees to mirror this dedication to making the world a better place. 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