When companies embrace social purpose, the boundaries with their foundations become blurred. As new research shows their “impact integrity” is at risk, is it time to do away with them altogether?
From supermarket check-ups to rural mini-pharmacies, social enterprises are making healthcare accessible to all. We explore how support from Philips Foundation – backed by healthcare technology firm Philips – is key to their success.
The strategic alignment between a corporate social investor and its related company can mean greater social impact. But a close relationship can also jeopardise the ‘impact integrity’ of corporate social investors, as new research by EVPA shows.
C SUMMIT: Setting up a corporate social investor can bridge the gap between foundations and the commercial side, making a bigger difference than philanthropy alone – Åsa Skogström Feldt from IKEA Social Entrepreneurship and Margot Cooijmans of Philips Foundation.
Innovative companies and their corporate social investors are demonstrating a new, collective approach to impact – one that might just drive a shift in how big firms use their wealth, expertise and influence to “do good”.
