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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.
"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more
Michigan wants to make its ports more energy efficient and less reliant on fossil fuels. The state's Department of Environment, Great Lakes, and Energy is seeking proposals to create a maritime...more
The president of the University of Dubai was among dozens of women honored for their achievements in business, health, media, the arts, and technology at the fourth annual Excellence Awards in Dubai...more
Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more
It's that time of year again: the time of year when many of us crank up our air-con and head out for a dip in the pool. But what if we told you that summer is also a great time to get outside and...more
Babangida Zama is a 23-year-old college student in Kano, Nigeria. He's also the leader of the group that won the Rising Awareness Action pitch competition on Saturday, receiving a $100,000 grant...more
When Chuck Petersheim heard a high school football team in Pike County, Pa., needed funds for a trip to Florida, he decided to pony up. The Greater Pike Community Foundation recently announced...more
"Politics is like a quilt formed of hundreds of patches that come together, creating security and strength," Michael Mantha writes in the Sault Star. "I know from experience that great things can...more
The city of Fremantle, Australia, has given more than $66,000 to 11 community, youth, and arts organizations in a bid to "make Freo a more inclusive, vibrant, and creative place," Mayor Hannah...more
Foundation: Marin Community Foundation
Over the next three years, the Marin Community Foundation will spend $30 million to support 80 nonprofits in Marin County, Calif., the San Francisco Chronicle reports. That's a big change for the...more
Social Entrepreneurship
Spotlight
Why Not Lease A Jeans?
Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.
