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During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports.
According to a report from the nonprofit Impact Investment Exchange, companies like Ford, Bank of America, and Infosys made changes to their cultures, hiring more women, offering more vacation time, and more.
But it wasn't just about changing the way they do business.
"The act of measuring their impact has to go beyond 'check boxes,' and the top-down ESG approach," IIX's founder,Durreen Shahnaz, says.
"They also need to embrace impact toolkits that measure the impact of their business across the wide spectrum of stakeholders from the bottom up."
For example, IIX has developed toolkits for companies to use to measure the impact their businesses are having on the communities in which they do business.
In the wake of the Covid-19 virus, companies need to " pivot their businesses so they're able to adapt and thrive in the new norm," Shahnaz says.
"The key for businesses to adapt to the new norm is to create a deep positive impact both inside and outside the company."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"These prestigious awards celebrate the efforts of Pennsylvania high school students to register their eligible classmates to vote and to hopefully launch them on a lifelong habit of voting,"...more
Tom Swaninger is the superintendent of Arizona's Sedona-Creek School District, a post he's held since 2009. Jill Swaninger is an English teacher in the district and his wife, Jill Sharer, is also...more
Wetzell Wetzell was an architect in New York City until she "met some friends of friends" who "worked as creatives and was blown away that that was a job." She moved back home to Sydney,...more
When New Jersey resident Samantha Pearlman Mazuz lost her mother in a car accident when she was 19, she didn't think much of what would happen to her for the rest of her life. "I didn't know what...more
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
"For too long, a lack of money has forced organizations fighting for women's rights into a defensive posture while the enemies of progress play offense," writes Melinda French Gates in a New York...more
"More than ever before, students are asking us how they can 'future-proof' their educational route. They're keen to minimize the risk of their future degree being gazumped by a job market...more
Big Brothers Big Sisters of Central Ohio is using nearly $1 million in grants from Battelle to create after-school and summer programs focused on science, technology, engineering, and math for...more
If you're an engineer looking to make your mark in the tech world, Forbes has just the list for you. The magazine interviewed 11 engineering leaders, including James Dyson of vacuum company...more
"Just like an oven, heat can be measured by factors such as air temperature, humidity, thermal radiation and heat circulation or convection," says Arizona State University professor Konrad...more
The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
Health News from...
Susan Thompson Buffett Foundation
Gates Foundation
Logan Healthcare Foundation
Mackinac Island Community Foundation
Northern New York Community Foundation
Ontario Trillium Foundation
Berrien Community Foundation
Greater Manhattan Community Foundation
Bohemian Foundation
North Texas Community Foundation
Social Entrepreneurship
Spotlight
Philanthropy as Key Enabler to Work on ‘Wicked Problems’
Australia’s Melbourne City Mission Chief Executive Officer Ric Holland writes how philanthropy can act as an enabler on many levels.
