Corporate social responsibility has been long spoken for a couple of years. It is the idea that businesses act not only to ensure their profits are maximized, but that they have a responsibility to act in a way that the society around them benefits too. However, in the ever-evolving landscape of philanthropy and corporate social responsibility, a paradigm shift is underway.
Gone are the days of traditional, isolated charitable grants; instead, a new wave of philanthropy is emerging globally—one that prioritizes cohesive, professionalized strategies and targeted investments for sustainable, lasting impact.
We at Bridge for Billions like to call it the “New CSR Era“. In this transformative times, we realize the importance of redefining philanthropic initiatives by taking Corporate Social Responsibility to the next level.
Shifting the paradigm
For companies seeking to amplify their CSR impact, visibility is key. In an era where employees increasingly choose workplaces based on purpose and values, establishing philanthropic foundations can serve as powerful engines for heightened engagement and commitment to societal issues.
To truly make a meaningful impact, it is essential to anchor philanthropic goals within a company’s core strategy and identity. By aligning philanthropy with strategic objectives, companies can forge a genuine connection with stakeholders and employees, building a legacy of purpose-driven impact.
Imagine your foundation as a seed investor or startup incubator, identifying and nurturing innovative solutions that address society-wide problems. This proactive approach ensures that your philanthropic efforts are not just about giving but also about catalyzing positive change and fostering sustainable solutions.
An example from Payoneer
Let’s take Payoneer, an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. Payoneer serves as an exemplary collaboration within our corporate partnerships, embodying our shared commitment to positively influence the payment industry.
By joining forces, Payoneer is now launching a program to support freelancers, freelancing agencies and small and medium outsourcing companies in the Philippines strengthen their business strategies. While Payoneer is located in the US, they identified Philippines as their impact country, supported by their local branch. Bridge for Billions designed and implemented the whole incubation program, by providing a team of program managers, the incubation platform and methodology and a constant impact monitoring to make sure the program addresses the impact goals.
Together, we are dedicated to democratizing access to financial services and payments, making strides towards a more inclusive and accessible financial landscape.
What do we do at Bridge for Billions and how can we help you achieve your CSR goals?
Bridge for Billions is a benefit corporation established in 2015 deeply committed to fostering positive social impact. We do so by empowering early-stage ventures with limited access to opportunities in the entrepreneurship space.
Our mission goes beyond traditional initiatives of CSR, as we support aspiring entrepreneurs through our programs in collaboration with socially conscious corporate entities. When we help launch, expand or pivot early-stage businesses, we’re disclosing a full world of innovation and change, no matter the sector or industry.
Our programs aim to change the space of the entrepreneurship landscape by allowing greater visibility and access for underserved and underrepresented entrepreneurs.
In the U.S., we strongly support entrepreneurs and innovative companies. Once a program is launched, we scout entrepreneurs with valid business ideas, ready to take them to the next level. The program works through an educational platform offering more than just mere facilitation – it includes mentorship support, and a wealth of knowledge and resources, empowering entrepreneurs to navigate the intricacies of the business landscape.
At the same time, it gives corporate clients a special way to connect with and support these entrepreneurs, creating a relationship that goes beyond typical business partnerships.
To exemplify how innovation and social responsibility converge in climate action, we invite you to download our report ‘Betting on Entrepreneurship to Drive Climate Action’. This document provides valuable insights on how entrepreneurial initiatives can be a driving force for sustainable change, aligning corporate goals with significant environmental impacts.
