Corporate Social Responsibility (CSR) is a term that is becoming more and more common in the workplace. According to Mark Whitman of Sustainable Business Forum, a study by MIT in 2011 showed that sustainability is a permanent part of about 70 percent of corporate outlines.
This is more important than just adjusting for corporate philanthropy. As it turns out, Whitman said, doing good is good for business as well. There are several large benefits of CSR.
1.) Corporate Social Responsibility is good for business:
According to Better Business Journey, a Small Business Consortium from the United Kingdom, “88% of consumers said they were more likely to buy from a company that supports and engages in activities to improve society.” Furthermore, according to Simply CSR, customers do not accept “unethical business practices,” and using CSR methods can effectively increase customer retention and win business that is entirely new.
According to One4All, an organization committed to informing companies about CSR, a Harvard University study found that companies that are stakeholder-balanced “showed four times the growth rate and eight times employment growth when compared to companies that focused only on shareholders and profit maximization.” As it turns out, important stakeholders expect corporations to become socially responsible. Customers, consumers, and investors expect a corporation to “understand and address” relevant social issues.
2.) Talented employees want Corporate Social Responsibility:
Aside from customers, practicing CSR helps a company retain valuable employees as well. Whitman said that 53 percent of workers said that “a job where I can make an impact” was necessary to maintain workplace happiness. Furthermore, Whitman said, 35 percent would take a pay cut “to work for a company committed to Corporate Social Responsibility.”
According to Jeanne Meister for Forbes, “employees now want more from their employer than a paycheck. They want a sense of pride and fulfillment from their work, a purpose and importantly a company’s whose values match their own.” She said CSR is crucial to attracting talented employees to a corporation.
3.) Implementing Corporate Social Responsibility sets you apart from your competition:
Simply CSR said that using Corporate Social Responsibility improves a business’s reputation and standing within public forums. Companies that strive for a unique ethical standpoint are set apart from the rest in the eyes on consumers, according to John Paluszek of the Santa Clara University Markkula Center for Applied Ethics. Branding an organization as ethical builds a positive reputation.
In an interview with Forbes in May, Garratt Hasenstab, Director of Sustainability at the Verdigris Group, a real estate development and consulting firm, said that they save money by operating efficiently, but that they believe setting a good example is the greatest benefit. They have inspired other organizations to do the same, Hasenstab said.
“Our CSR policy is at the core of our daily operations and guides our future progress,” Hasenstab said. “Our clients want to work with us because we are focused on a healthier and more productive world.”
– Alycia Rock
Sources: Simply CSR, Forbes, Sustainable Business, One4All CSR, Forbes Corporate Responsibility
Photo: Global MED
South Africa’s Transgender Community Denied Rights
For most people, it is difficult to imagine the immense significance of an identification card, as it seems to be a common part of daily life. However, without one, essential tasks become impossible. Without an ID, an individual cannot apply for a job. An individual cannot access medical care or educational records. An individual cannot open a bank account, drive, travel, or vote.
In South Africa, the transgender community is keenly aware of the struggles involved in life without an appropriate source of identification. Those who display a different gender presentation from their originally assigned one are constantly humiliated and debased because of this exact discrepancy. Many even face verbal or physical abuse.
In light of this gross inequality, many transgender and inter-sex activists — both nationally and internationally — have campaigned the South African government to overturn their strict and inhumane laws regarding gender changes and identification cards. Before 2003, these aforementioned laws had made a legally recognized gender change in South Africa impossible. That year, Parliament passed “Act 49,” which elucidated the process in which one might legally be able to make such a change.
The act made a medical report mandatory for such a change, but did not require any sort of genital surgery, a process that remains precarious and unfeasible for many in the transgender community. If the application were to be denied, the Act stipulated that written reasons needed to be provided, and even further, appeals would be possible.
However, in 2013, ten years after “Act 49” passed, little tangible progress has been made in providing proper identification for transgender and intersex individuals. These communities point to the continuing denial of safeguards provided by “Act 49.”
Applicants have waited years for responses from the application process, meanwhile facing the severe inequalities that exist for an individual lacking a tenable identification card. Upon inquiring in regards to their application status, many inter-sex and transgender individuals have faced endless hostilities. When denied, the sanctioned written response detailing the basis of the decision rarely comes.
The changes made to provide basic rights and human services to the transgender and inter-sex communities of South Africa have been legislatively approved. The political fight has ended.
However, in order to provide true equality for all of its citizens, the South African government must, by law, fulfill its promises.
– Anna Purcell
Sources: Human Rights Watch, Humanity in Action
Photo: My Broadband
Is Big Philanthropy Democratic?
In an article in Dissent magazine, Joanne Barkan observes that big philanthropy “aims to solve the world’s problems–with foundation trustees deciding what is a problem and how to fix it. They may act with good intentions, but they define ‘good.’” For Barkan, the implication of this system is that the powerful and wealthy define the problem and how to solve it with little or no democratic controls. The article raises an interesting question: is big philanthropy democratic? It answers that question with a resounding “No.”
Barkan is quick to dismiss the laws and regulations that purportedly govern philanthropic organizations. These rules include restrictions on self-dealing, lobbying, and endorsing or supporting candidates for political office. Due to a variety of factors such as loopholes, deregulation, and lack of resources, these rules have been rendered ineffective in governing the operation of these organizations. And, of course, what has become something of a mantra in our society, the wealthier are able to get away with more indiscretion.
With little public oversight, these mega-organizations are free to govern themselves and raise tax-exempt funds from other wealthy donors. What is done with the money, of course, is up to the board of trustees that governs the organization. Although there is a 5 percent payout rule, which requires foundations pay out at least 5 percent of their endowment’s value each year, Barkan points out that this payout rule includes all reasonable expenses of administering the foundation, including salaries, trustee’s fees, travel, and receptions. Salaries for philanthropic-executives can sometimes reach seven figures, allowing for something of a lavish lifestyle.
Another issue is the type of people that trustees choose to hire for their organizations. Traditionally, management consists of “insider” individuals that come from a business background–management consultants, businesspeople, lobbyists or scientists. Kavita Ramdas, Executive Director of the Program on Social Entrepreneurship at the Freeman Spogli Institute for International Studies at Stanford University, has pointed out that these hiring decisions are reflective of a metrics-driven and efficiency-seeking approach to social change—an approach that is not effective in handling, “the nuance and inherent humility of the social sciences.”
As government resources continue to shrink, those services once considered public will be controlled by private organizations. Philanthrocapitalism is filling the public void and its proving to be big business. In America today, there are 67 grant-awarding foundations with assets totaling more than $1 billion. Many will argue that these actors are using the money they have earned to fund humane endeavors. Others, like Barkan, see mega-philanthropies as another way for the wealthy to decide how to improve humanity and promote an agenda that serves their interests and ideas.
– Daniel Bonasso
Sources: Dissent Magazine, Reuters, Stanford Social Innovation Review
Photo: The Emily Dickinson International Society
5 Facts About SKS Finance
Originally an NGO formed in 1997, SKS Finance became a for profit company in 2005 when it was incorporated as an non-banking finance company (NBFC). Its mission is to provide low-income households with financial services, primarily in India, but potentially across the globe. Here are five facts about the company:
1. The company’s goal is to use microfinance as a tool for reducing poverty and increasing economic opportunity by providing access to insurance and credit. Loans start at about Rs. 2,000 to Rs. 12,000, or about $44-$260. These loans are typically given to poor women in order to help them expand their businesses. Poor women act as guarantors on each other’s loans, using a group lending model. According to SKS Finance, the loans are collateral-free and have a 99% repayment rate.
2. A variety of financial companies including Axis Bank, Barclays, BNP Paribas, CitiBank, HSBC, South Indian Bank, and ING Bank Vysvya have invested in and partnered with SKS Finance.
3. SKS Finance core values are: customer first, ethics always, and consistent quality. This involves transparency with customers, not offering bribes, and fostering innovation without cutting corners. Currently, the company is in the process of rebranding itself. SKS Finance is focusing on removing ambiguities about the company rather than making many specific changes. This need for rebranding came after founder Vikram Akula’s departure from the company and the upheaval that came with legislation passed in 2010. In the recent legislation, the Andhra Pradesh government sought to regulate the micro finance sector’s practices in terms of loan recovery and interest rate charges.
4. As of June 30 of this year, SKS has 51 LAKHS, and 1255 branches in India. The company has helped people like Ameena Bi set up a small mattress selling shop with her husband and a flower shop with the aid of her father. Currently Ameena earns INR 300 or $6 a day and her husband, Abdul, earns between INR 300 and INR 400, or $8.50, a day, whereas just three years before they were making INR 120 or $2 a day.
5. In 2011, Vikram Akula, the founder of SKS Microfinance, left the company amidst much turmoil. In hopes of an impending return, Akula suggested in September that the company had lost its way again. His statements were similar to the narrative that forced his departure two years ago. While current leadership at SKS is more than reluctant to give Akula any role in the company, he has ties with Biksham Gujja, chairperson of SKS Trust. SKS Trust, the largest shareholders in SKS Finance, nominated Akula for the seat now in dispute. SKS Trust is meant to serve SKS borrowers and acts as the largest shareholder in the company. Various people in the company have different attitudes regarding Akula’s possible return. Some say Akula has not made any attempts to return on his own, others that he has no support, and still others believe Akula’s actions are hostile in nature. Some have said there is a lot of support for Akula, otherwise he wouldn’t have received SKS Trust’s nomination. The effect of this public squabbling on SKS borrowers has yet to be fully realized, but doubts are being raised, especially by those worried about the interests of SKS Finance’s beneficiaries.
– The Borgen Project
Sources: SKS India, Business Standard, Economic Times, Times of India
Photo: Hugedatabase.net
The Importance of Non-Profits in Our Economy
It never occurs to many people who are not involved with non-profits how integral these organizations can be to the overall functioning of the economy.
To many, non-profits are just innocuous little entities existing in their own isolated corner of the economy. They do not hurt the economy, but they certainly do not carry it, either. Non-profits serve one distinct purpose – bettering the world while zeroing out their books.
In reality, non-profits do much more. Discussed below are three ways non-profit organizations enhance and bolster the economy.
3 Benefits of Non-Profits
1. Non-profit organizations are a steady source of employment. Just because non-profits are not allowed to carry forward does not mean their operation does not require specialized jobs to be filled. In fact, in terms of day-to-day operations, non-profits run very similarly to for-profit corporations. Non-profits, like for-profits, rely on computer programmers, accountants, graphic designers and other specialized workers to ensure smooth operation.
“Non-profits are businesses. They simply receive preferential tax treatment,” Sean Stannard-Stockton said in a piece for The Chronicle of Philanthropy. The piece was a response to a remark by Mexican billionaire Carlos Slim in which Slim expressed distaste for non-profits. “Like all businesses, non-profits employ people. A lot of people.”
A 2012 report prepared by Johns Hopkins University showed that 10.7 million people were employed in the non-profit sector in 2010 – 10.1 percent of total employment in the United States.
2. Non-profit organizations, like any other business, consume third-party goods and services in their day-to-day operations. They require computers, internet and phone services, building materials, and utilities in order to run. This generates revenue for the companies that manufacture and distribute these goods and services, thereby providing added economic stimulation.
3. By providing employees with a source of income, non-profits, just as for-profits, indirectly stimulate endless other facets of the economy. When people have money, they spend it. They pay mortgages, utility companies and car payments. Discretionary income goes to restaurants, theaters and other luxuries and entertainments.
Even the most cursory economic impact study demonstrates the indispensable value of non-profit organizations in any economy. The jobs they provide help sustain the economy in the same way any properly-functioning for-profit organization does. The same Johns Hopkins report mentioned above even seems to indicate that non-profits have a certain resiliency in economic downturns that for-profit organizations do not have. According to the report, employment in the non-profit sector had an average annual growth rate of 2.1 percent from 2000-2010 – a period in which the United States experienced two separate recessions. On the other hand, for-profits saw employment reduced by 0.6 percent annually across those 10 years.
Non-profits’ vast economic contributions are evident in the United States’ GDP. According to The Independent Sector, non-profits account for 5.5% of the GDP – the equivalent of $805 billion.
The impact of non-profit organizations is indisputably far-reaching and vital to the United States’ economic well-being.
– Matt Berg
Sources: Grant Space, The Chronicle of Philanthropy, Career Builder, Independent Sector
Photo: Slick Text
Low Blood Oxygen? Phone Oximeter is the App
With over a million apps in the Google Play store and nearly that many in the App store, there’s an app for nearly everything–from locking your car doors, finding the perfect recipe for dinner, creating digital watercolor paintings, to monitoring your diet. Now there’s an app for measuring pulse oximetry, or the amount of oxygen in the blood. According to experts, over two-thirds of the six billion cell phone users in the world live in developing nations. The app, called Phone Oximeter, can aid health workers trying to diagnose pneumonia – particularly in children – and pre-eclampsia.
The Phone Oximeter was among ten innovations chosen by the UN and PATH to aid against deaths amongst women and children worldwide, especially deaths related to childbirth. Developed by Dr. Mark Ansermino and colleagues at the University of British Columbia, the device can be attached to a cellphone or tablet in order to measure pulse oximetry. The device can be attached either to the fingertip or earlobe. Reading the results of the Phone Oximeter is simple, according to Ansermino: “When you have got oxygen in your blood, it goes red and when you have not got oxygen in your blood, it goes blue. And that is why we get this tinge around our lips when it is cold because we do not have enough oxygen in the blood around your lips. But also when children get sick … we see the same blue color. So, what we do really is look at this light shining through the tissue and determine the bounds of this red to blue light, and from that we can tell how much of your blood has oxygen in it and how much does not.”
Other potential uses being explored for the Phone Oximeter include monitoring anesthesia in developing countries. Use of pulse oximetry in developed nations leads to significant decreases in the death rate. It detects low blood oxygen levels at the earliest symptoms and allows for a rapid response to the problems that arise thereafter. This can prevent brain damage and death. In the developing world, the death rate from anesthesia is still 100 to 1000 times higher than the rest of the world. As it continues to develop, the hope for the Phone Oximeter is that it would “demonstrate the potential for enhanced delivery of information from a pulse oximeter to enhance the safety of anesthesia care throughout the developing world.”
Designed to be easy to read and to aid healthcare workers at all levels, regardless of specialty, the Phone Oximeter is relatively inexpensive, expected to cost between $10 to $40.
– The Borgen Project
Sources: The Jewish Voice, Medical Daily
Photo: Engadget
What is Corporate Social Responsibility?
Corporate Social Responsibility (CSR) is a term that is becoming more and more common in the workplace. According to Mark Whitman of Sustainable Business Forum, a study by MIT in 2011 showed that sustainability is a permanent part of about 70 percent of corporate outlines.
This is more important than just adjusting for corporate philanthropy. As it turns out, Whitman said, doing good is good for business as well. There are several large benefits of CSR.
1.) Corporate Social Responsibility is good for business:
According to Better Business Journey, a Small Business Consortium from the United Kingdom, “88% of consumers said they were more likely to buy from a company that supports and engages in activities to improve society.” Furthermore, according to Simply CSR, customers do not accept “unethical business practices,” and using CSR methods can effectively increase customer retention and win business that is entirely new.
According to One4All, an organization committed to informing companies about CSR, a Harvard University study found that companies that are stakeholder-balanced “showed four times the growth rate and eight times employment growth when compared to companies that focused only on shareholders and profit maximization.” As it turns out, important stakeholders expect corporations to become socially responsible. Customers, consumers, and investors expect a corporation to “understand and address” relevant social issues.
2.) Talented employees want Corporate Social Responsibility:
Aside from customers, practicing CSR helps a company retain valuable employees as well. Whitman said that 53 percent of workers said that “a job where I can make an impact” was necessary to maintain workplace happiness. Furthermore, Whitman said, 35 percent would take a pay cut “to work for a company committed to Corporate Social Responsibility.”
According to Jeanne Meister for Forbes, “employees now want more from their employer than a paycheck. They want a sense of pride and fulfillment from their work, a purpose and importantly a company’s whose values match their own.” She said CSR is crucial to attracting talented employees to a corporation.
3.) Implementing Corporate Social Responsibility sets you apart from your competition:
Simply CSR said that using Corporate Social Responsibility improves a business’s reputation and standing within public forums. Companies that strive for a unique ethical standpoint are set apart from the rest in the eyes on consumers, according to John Paluszek of the Santa Clara University Markkula Center for Applied Ethics. Branding an organization as ethical builds a positive reputation.
In an interview with Forbes in May, Garratt Hasenstab, Director of Sustainability at the Verdigris Group, a real estate development and consulting firm, said that they save money by operating efficiently, but that they believe setting a good example is the greatest benefit. They have inspired other organizations to do the same, Hasenstab said.
“Our CSR policy is at the core of our daily operations and guides our future progress,” Hasenstab said. “Our clients want to work with us because we are focused on a healthier and more productive world.”
– Alycia Rock
Sources: Simply CSR, Forbes, Sustainable Business, One4All CSR, Forbes Corporate Responsibility
Photo: Global MED
Birmingham Partnership Walk Raises Money to Fight Global Poverty
On September 22, 2013, over 2,200 people participated in the Birmingham Partnership Walk in order to raise awareness and money for those around the world living in poverty as well as the organizations that are pledged to help them.
The partnership walk was held at the city’s Railroad Park, and hosted a 5K run, a 1K youth run, a 100-yard dash, and a 3K family walk. Attendees could partake in these events while various groups, such as local marching bands and choirs, entertained the participants. Last year, 1,950 people participated in the partnership walk, raising $300,000. This year’s walk matched that goal.
The annual paternship walk is an event conducted by Aga Khan Foundation USA (AKF USA), which conducts similar Partnership Walks in 10 other cities around the United States. Aga Khan Foundation USA is a nonprofit humanitarian organization that focuses on agriculture, education, healthcare and other forms of development in Africa and Central Asia. All of the money raised at the walks organized by AKF USA goes to fund projects that directly battle global poverty.
Volunteer organizer Salima Mulji remarked that people should consider themselves part of a single global community, and, as such, it is the responsibility of everyone to help those in need. As a native resident of Southeast Asia, Mulji knows the advantages of growing up in the United States. Volunteering with AKF during the partnership walk is her way of giving back.
– Rahul Shah
Sources: ALL Alabama, Partnerships in Action, Alabama 13
Photo: Aga Khan Foundation USA
The Side Effects of Not Knowing
Everyone in the United States knows to expect a long, rambling list of side effects at the end of a TV commercial for medication. We have also learned that taking medication as directed by a physician is an important part of being a responsible patient and consumer, and to notify our doctor immediately if symptoms worsen. But in the absence of television, many people living in rural communities of developing nations don’t know what to make of their medication and its side effects. And without consistent access to doctors or nurses who might be able to explain these side effects, patients’ lack of information often prevents them from benefiting from medication meant to help their quality of life.
This lack of consumer information has dramatic consequences. For example, the World Health Organization estimates that there are more than 222 million women worldwide who would like to use family planning methods to delay or prevent pregnancies, but are unable to do so. Coincidentally, for those women who do make it through social and financial barriers to obtain birth control pills, experiencing adverse symptoms to birth control is one of the main reasons women stop using the method. When women get unexplained bleeding outside of regular menstruation, cramps, headaches, and back pain, they assume the medication is hurting their bodies. This breeds rumors that birth control damages the body, further ingraining social stigma against family planning.
Similar issues surround the drug Coartam, used in many rural health centers as the first-line treatment for malaria. Because Coartam relieves the fever and chills of a malarial infection, some patients will ask for Coartam any time they have a fever, whether it is caused by the malaria parasite or not.
Most public health organizations focusing on HIV/AIDS have realized the critical importance of education alongside medication and healthcare. The famous ABC campaign, first created by the health ministry of Botswana in the 1990s and adjusted in 2003, has educated millions of people about how the HIV virus is transmitted, and how abstinence, being tested regularly, and using condoms can prevent HIV infection. The campaign has aimed to leverage the millions of dollars invested in condom distribution. Because gender dynamics and other social norms play a large role in the acceptance or rejection of condom use, education is a critical step in bringing about behavior change.
Now, health education needs to expand to include drug information any U.S. consumer would want to know. Public health and international development projects need to have the foresight and funding to include patient education if they want to truly impact healthcare and quality of life.
– Shelly Grimaldi
Sources: World Health Organization
Photo: EmaxHealth
10 Thought Provoking Global Poverty Quotes
Below are 10 global poverty quotes from awe-inspiring people like Nelson Mandela, Martin Luther King Jr., and Winston Churchill.
– Chante Owens
Could 2030 See the End of AIDS?
According to UN officials, the global AIDS epidemic could be over by 2030. Significant progress has been made in treatment and control of the disease. Louis Loures, a deputy executive director of UNAIDS has confidently stated, “I think that 2030 is a viable target to say that we have reached the end of the epidemic.” In addition, Loures believes that the disease’s epidemic level will decrease by that time.
Unfortunately, HIV infections still continue to be a constant problem for this society. According to Inquirer News, “three million new HIV infections are reported each year, and the disease which attacks the immune system kills 1.7 people per year.” However, Loures believes that the end of this epidemic is near. He says “we can get to the end of the epidemic because we have treatments and ways to control the infection.”
Costs for the antiretroviral treatment against HIV/AIDS have also decreased. According to medical reports, the average annual cost of treatment per person in the early 1990s was $19,000. Today, prices have decreased to $150 per treatment. Thanks to new medical developments, antiretroviral drugs have become widely available to the public. The once untreatable disease can be diagnosed early and treated with a variety of drugs.
The advancements have been so great that UNAID reports state that “the annual incidence of new infections has fallen to under 20 percent in the past decade, and in 25 countries it has fallen to over 50 percent.” These trends show a consistent and credible path to Loures’ 2030 prediction. In addition, the number of people who have received treatment has decreased to 60 percent.
On the other hand, however, vulnerable groups such as sex workers and drug users often don’t know they carry the disease or have challenges seeking treatment. According to Loures, the groups who don’t get treated will risk the health and safety of the entire population. His assumption is that if people don’t get HIV/AIDS treated and under control then “the disease will stay with us.”
Most recently, new medical advances have shown signs of a possible cure. This new drug has passed the first round of experimental testing and medical experts are confident that this might be the cure to the fatal disease.
Moreover, it is recommended that people take the necessary measures to prevent the disease. New protection campaigns by HIV/AIDS groups have arisen. More kids are being educated about the disease earlier on.
Based on all of this information, there is reasonable hope that 2030 could signal the end of AIDS. While there are still important obstacles to surmount, new medical advances, more focus on prevention and detection as well as advocacy have substantially increased the possibility of eradicating the disease.
– Stephanie Olaya
Sources: Courier Mail, Inquirer News, UNAIDS
Photo: Times Live