A new paradigm is emerging for corporations and social enterprises to drive impact at scale. Post-2020, companies have woken to the fact that minimalist models of corporate social responsibility (CSR) and merely managing environmental, social and governance (ESG) risk strategies, no longer serve. Well-intended CSR strategies not tied to a company’s core business, or those where positive social impact is missing or hangs by a thread on obscure ESG criteria, have become passe. Unlike previous economic retrenchments where corporate sustainability was quickly tossed into the back seat when profits took a hit, customers now expect companies to look for innovative ways to integrate social equity and impact into their business models. Partnerships with social entrepreneurs is a path to do this.
The Road to Corporate Sustainability is Through Social Entrepreneurship
Miller Center for Social Entrepreneurship
14 May 2021