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Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...
Impact Water, a social business based in Uganda that provides affordable water-purification systems to schools. As of 2022, Impact Water has installed water-purification systems at 32,517 schools, reaching 14.3 million students. [6] Impact Water entered YSB's portfolio in 2015. Impact Water paid off its loan and left the YSB portfolio in 2022.
Profits realized by the business are reinvested in the business itself (or used to start other social businesses), with the aim of increasing social impact, for example expanding the company’s reach, improving the products or services or in other ways subsidizing the social mission.
When it comes to social impact, companies "need metrics and data to show that it's working, but you also can't pull out before things actually take hold," says Discovery Education's Amy Nakamoto.
This is the first time that BSR has published such a guide, no small thing for a network that launched in 1992 as Business for Social Responsibility and now boasts more than 300 member companies ...
Historically, corporate social impact has been driven from the inside out: a company and its leaders seeking to give back to their community and leave a legacy of which they could be proud.
A social enterprises can be structured as a business, a partnership for profit or non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organisation, a disregarded entity (a form of business classification for income tax purposes in the United States), [5] a social business, a benefit corporation, a community ...
A socially responsible business (SRB) is a generally for-profit venture that seeks to leverage business for a more just and sustainable world.The objective of the SRBs involves more than just maximizing profits for the shareholders; it is also about creating positive changes and making valuable contributions to the stakeholders such as the local community, customers, and staff. [1]