not familiar with social impact?

Learn about it below!

WHAT IS
Social Impact?
WHY DO
Social Impact?

There are different Social Impact models companies can implement:

Full integration

Some corporations integrate social impact directly into their mission statement. These companies will generally orient their operations and decision-making to be more socially-conscious, such as ensuring their supply chain is as sustainable as possible. One such company that implements this model is Patagonia. Patagonia's missions statement is: "Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis."

Medium integration

Other companies use their products, services, marketing or revenue to give back. Some of these companies will even create a related foundation or nonprofit to support social initiatives. Salesforce has donated over $250 million to education initiatives, and created the Philanthropy Cloud to enable companies and nonprofits to organize their philanthropic and social impact activities. 

Low integration

Philanthropy is considered one of  the earliest models of CSR, in which a company donates its revenue to nonprofit organizations or social campaigns. Currently, many regard philanthropy as separate from CSR, and look for companies to integrate medium or full integration models, with philanthropy as a subset of their social impact initiatives.

nonprofit as a service

Some organizations will even operate as nonprofits, offering products or services with the revenue used to fund social impact programs and the operation itself, and raise awareness for social issues. Humantix, a nonprofit ticketing platform, uses the money earned through booking fees to advance education opportunities for children in Australia.

The Social Impact Glossary

Corporate Social Responsibility (CSR) 

Social 

Enterprise

Buy 1 Give 1 Model

Corporate Citizenship

Human Social Responsibility 

Philanthropy

Impact Investing

Corporate Sustainability

Build Back Better

SRI

Employee Engagement

Cause Marketing

Circular Economy

Sustainable Finance

ESG

Social Entrepreneurship

SDGs

Matching Programs

Diversity, Equity & Inclusion

Workplace Giving

Social Impact Timeline

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1971
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