Strategically Leveraging Corporate Resources for Social Impact
8th June 2020 6:00pm Singapore Time
- Crises like COVID-19 represent an opportunity for systemic change. Panelists felt strongly that the time is ripe to build partnerships between the private sector, social actors and development agencies, based on mutual trust and pooled resources to address a wider range of social issues across sectors.
- Bruno Roche shared the concept of ‘economics of mutuality’ where businesses develop reciprocal relationships with key stakeholders to maximize performance, measuring human, social and natural capital with the same emphasis as financial capital.
- Social and environmental issues provide innovation opportunities for businesses. To create sustainable solutions, the group felt that businesses must move away from purely philanthropic donations and rather invest with the full range of corporate resources into driving social impact through core business activities.