Business and capital have the power to be forces for good. Our social impact consulting team helps clients transform their core business to create positive economic, environmental, and societal impact in ways that are profitable for the long term.
Partnership is at the heart of our social impact approach, and it is key to tackling complex social and environmental challenges. We seek to maximize our own social impact by enriching and expanding our partnerships, fostering system-level coalitions, and establishing social impact as a core competency that is woven into business strategies and thus yield quantifiable returns.
Our social impact consulting drives major initiatives across a broad spectrum of global challenges to shape a better future. Our work is closely aligned with addressing and achieving the UN’s Sustainable Development Goals (SDGs).
In this time of accelerating systematic change, customers, employees, and investors increasingly demand that organizations act in socially aware and sustainable ways and demonstrate that they are doing so. It is necessary, strategic, and profitable for organizations to have a positive social impact because driving such change is a source of sustainable competitive advantage. For instance, biopharma companies that conduct ethical human clinical trials and expand access to medications have margins that are 6.7 percentage points higher, and valuations that are 12% greater, than the average for the industry.
We help organizations to plan, implement, assess, and communicate their social impact initiatives and social impact strategy. Examples of our social impact consulting work include:
We joined forces with the Rwanda Development Board to help the country attract private investors to create new jobs. As a direct result, more than $130 million was invested and 9,000 jobs were created; an additional 20,000 jobs were created indirectly.
We supported the Indian state of Haryana as they quickly and sustainably boosted the quality of education for millions of students, which led to an immediate 15% savings in the state’s education budget.
We created three principles to guide Africa’s COVID-19 response, based on our work supporting COVID-19 responses around the world and our broad range of support for governments in Africa.
The chairman and CEO of BlackRock, the world’s largest asset manager, explains how the climate crisis is fundamentally reshaping his firm’s approach to investing.
Institutional investors were late to realize the alpha potential of clean tech and other environmental investments. They should avoid making the same mistake with social impact.