Equitable Sharing of Wealth

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An equitable distribution of wealth could be the fuel that drives economic growth. Wealth imbalance is a global phenomenon. The Global Wealth Report 2017 published by Credit Suisse reveals that the wealthiest 1% own 50.1% of all the household wealth in the world. The world’s 8,740,000 new millionaires are only a small fraction of the …

What is Shared Value?

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Shared value may be defined as a framework for creating economic value while simultaneously addressing societal needs and challenges. It is a combination of social and economical value. Creating shared value goes beyond philanthropy and corporate social responsibility (CSR). Donations are highly valued and make a big impact to society, nonetheless as the common saying …

What is an Impact Worker?

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Impact workers are people who have limited opportunities for employment – often in low income areas – that are hired to perform non-core, back office functions in the outsourcing industry. One of the most sustainable ways to reduce poverty is by ensuring that the poor and vulnerable have access to formal employment and decent work. …

Can Impact Sourcing fit with CSR objectives?

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Corporate philanthropy refers to contributions of a charitable nature made by corporations with the hope that it will bring economic, social and environmental benefits to stakeholders. The benefits of charitable donations are evident, though not significant. Millions of Africans live in poverty, with many working informally and struggling to make a decent salary to survive. …

The Business Case for Impact Sourcing

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The traditional approach of addressing socio-economic problems by companies is to make specific investments – maternal health, education, environmental conservation. Unfortunately, such investments benefit a small number of people and fail to make fundamental socio-economic change in the target communities. Furthermore, they are the first programs to be cut during lean times.   Companies must …

Impact Sourcing: Tackling Unemployment in Zimbabwe

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The World Bank estimates show at least 2.1 billion people in the developing world are surviving on less than US $3.10 a day. In Zimbabwe, the Zimbabwe Congress of Trade Union (ZCTU) suggests an unemployment rate of 90%. One of the highest in the world. Half of the world’s poorest people live in sub-Saharan Africa …