...4/9/2014 Funding Social Ventures © Dr Prabha Bhola, RMSoEE, IIT Kharagpur Traditional Sources of Funding • • • • • • Grants Fellowships Crowd-funding / Online platforms Angels Venture Capitalists Loan Providers 1 4/9/2014 Challenges • Beneficiaries of social enterprise may not pay for it directly hindering optimization of business model • In social capital market, enterprise demands funds to move beyond the startup phase • For collaborative activities benefits cannot be completely captured by social enterprise • Funding agencies may not take risk to support new projects in lieu of existing programs • Time horizon may not be aligned with that of potential funders • Return expectations may be misaligned with the income generation ability of social enterprise • Hybrid structures can raise issues among the public and private sector players • Social entrepreneurs cannot rely solely on market signals & pricing to indicate to potential investors in achieving mission related impact Capital Needs of the Social Enterprise The following questions about financial drivers can direct the social entrepreneurs to the appropriate capital sources: • What opportunities & challenges exist to monetize the financial, social & environmental value (triple bottom line) • Is financial sustainability viable given mission of social enterprise? Does it require specific amount of startup capital to build operational capacity before becoming financially self sustaining? • What are the...
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...BANKING ON SUSTAINABLE BUSINESS Understanding the social and environmental performance of our business clients is now a core element of risk assessments at ANZ. How a client identifies and manages these issues is just as important as the more traditional concerns of credit risk, quality of management and business strategy. Over the past five years, we have established a framework to help us better understand how the clients we bank, and the projects we finance, impact society and the environment. This framework 24 ANZ CORPORATE RESPONSIBILITY REVIEW 2008 assists us in managing challenging issues and making better decisions about the transactions we should or should not be involved in. This year, we’ve seen specific examples of how this work can improve our decision-making processes and encourage real improvement in our clients’ practices. “Our approach is not all about declining clients or deals. Instead, we will measure our success in this area based on how many businesses we help to transform.” — CHRIS PAGE, CHIEF RISK OFFICER BUILDING STANDARDS AND CHANGING PRACTICES ANZ released four social and environmental management policies in 2008 which set out the standards that guide our decision-making on transactions involving clients in sensitive sectors. We will use the policies as a framework for working with clients to respond to the social and environmental issues facing their business. The policies also help us meet society’s expectations ...
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...ENVIRONMENTAL IMPACT ASSESSMENT Chapter-1 Environmental Impact Assessment (EIA) can be defined as a systematic identification and evaluation of the potential impacts (effects) of proposed projects, plans, programs, or legislative actions relative to the physical-chemical, biological, cultural and socioeconomic components of the total environment. The primary purpose of the EIA process, also called the ‘NEPA process’ (National Environmental Policy Act) is to encourage the consideration of the environment in planning and decision making and to ultimately arrive at actions which are more environmentally compatible. NEPA of 1969 effective from January 1, 1970 in USA and is referred to as the ‘Magna Carta for the environment’ in (CEQ, 1993a) Council on Environmental Quality (CEQ) guidelines and regulation and other number of federal agency procedures and regulations, is to ensure the balanced decision making regarding the environment occurs in the total public interest. Project planning and decision making should include the integrated consideration of technical, economic, environmental, social and other factors. Most of these considerations can be referred to as “the three E’s” (engineering or technical, economics, and environment) The requirement of NEPA is understood significantly under three terms namely, 1. Environmental inventory 2. Environmental Impact Assessment 3. Environmental Impact Statement “Environmental inventory” is also...
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...cognitive problems and emotional changes( Naismith, Trinkau, and Cross, 2006) In 1999 empirical studies began to report an increase in the number of African Americans diagnosed with MS which were documented in the recent studies( Holland, Gray, and Pierce, 2011; National MS Society, 2015). This issue is important because of the aggressive advancement, which occurs for African Americans diagnosed with multiple sclerosis (MS) compared to Caucasians. The results of the MRI (Magnetic Resonance Imaging) found significantly more lesions associated with the aggressive form of the illness in the brains of African Americans compared to Caucasians ( Howard et al., 2012). What are African Americans with MS experiences with social workers since being diagnosed? What are the social worker's perceptions of how African Americans with MS cope...
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...Chapter 1: A new framework for implementing corporate sustainability Key points: ▪ Sustainability performance is the effect of corporate activity on the social, environmental, and economic fabric of society. ▪ A balance between economic progress, social responsibility, and environmental protection, sometimes referred to as the triple bottom line, can lead to competitive advantage. ▪ The evaluation of social, economic, and environmental impacts of organizational actions is necessary to make effective operational and capital investment decisions that positively impact organizational objectives and satisfy the objectives of multiple stakeholders. ▪ The financial payoff of a proactive sustainability strategy can be substantial. ▪ To become a leader in sustainability, one needs to articulate what sustainability is, develop processes to promote sustainability throughout the corporation, measure performance on sustainability, and ultimately link this measurement to corporate financial performance. ▪ Corporate citizenship is an important driver for building trust, attracting and retaining employees, and obtaining a “license to operate” within a community. ▪ Corporate citizenship is much more than charitable donations and public relations—it’s the way the company integrates sustainability principles with everyday business operations and policies and then translates all of this into bottom-line results. ▪ For sustainability to be long lasting and useful...
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...Chapter 1: A new framework for implementing corporate sustainability Key points: ▪ Sustainability performance is the effect of corporate activity on the social, environmental, and economic fabric of society. ▪ A balance between economic progress, social responsibility, and environmental protection, sometimes referred to as the triple bottom line, can lead to competitive advantage. ▪ The evaluation of social, economic, and environmental impacts of organizational actions is necessary to make effective operational and capital investment decisions that positively impact organizational objectives and satisfy the objectives of multiple stakeholders. ▪ The financial payoff of a proactive sustainability strategy can be substantial. ▪ To become a leader in sustainability, one needs to articulate what sustainability is, develop processes to promote sustainability throughout the corporation, measure performance on sustainability, and ultimately link this measurement to corporate financial performance. ▪ Corporate citizenship is an important driver for building trust, attracting and retaining employees, and obtaining a “license to operate” within a community. ▪ Corporate citizenship is much more than charitable donations and public relations—it’s the way the company integrates sustainability principles with everyday business operations and policies and then translates all of this into bottom-line results. ▪ For sustainability to be long lasting and useful...
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...countries at present. A team is described as “a small number of people with complementary skills who are committed to a common purpose, set of performance goals, and approach for which they hold themselves mutually accountable” (Katzenbach and Smith, 1993: 113). In the teamwork, the concerted efforts of its members can generate positive synergy (Robbins and Judge, 2006) and improve organizational performance (Delarue et al, 2008). However, some negative aspects of teamwork also impact on the performance and behavior of a team (Mullins, 2006). This essay will discuss both negative and positive effects of teamwork via several contemporary examples, and conclude that positive aspects outweigh the negative aspects in the perspective of its impact on the whole team. Negative Effects of Teamwork Some researchers argue that teamwork has certain negative effects on performance and behavior of a team (Mullins, 2006). Social loafing and groupthink are two of the adverse aspects that result from teamwork. Social loafing is the phenomenon that individuals exert less effort in teamwork than they do alone (Karau and Williams, 1993). The reason is that the contribution of each member cannot measure accurately in a team, so individuals tend to hide inside a team and reduce their efforts (Robbins and Judge, 2006). This negative synergy of teamwork is proved by Ringlemann who designed an experiment to compare the individual performance with the team performance (Kravitz and Martin, 1986)....
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...Towards a Definition of Socio-Economic Research for the RESPECT Project A draft working paper by Ursula Huws, RESPECT Project Director Introduction The term ‘socio-economic research’ is in widespread use in the European Commission’s work programmes and elsewhere. In the Fourth Framework Programme, for instance, there was a programme entitled ‘Targeted Socio-Economic Research’ (TSER) and in the Fifth Framework Programme there were numerous calls for proposals to carry out socio-economic research related to Information Society Technologies (in the IST Programme) and to other issues of relevance to EU policy. At national level, there are also economic and social research funding councils in most European Countries. However, nowhere in this documentation, as far as I can tell, is any definition offered of ‘socio-economic research’. For the purposes of the RESPECT project, however, it is necessary to have some sort of functional definition. This short discussion paper is designed as the first step towards the development of such a definition. As the project develops, this definition will be tested in relation to the actual practices of socio-economic researchers, whose activities, qualifications and professional affiliations will be profiled as part of the project’s work. In the meantime, a brief survey of projects described as socioeconomic research projects indicates that they cover a very broad range in relation to the backgrounds and qualifications of...
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...and services which impact on the visitor and their enjoyment of a destination”. Effective, quality destination management requires the involvement of all stakeholders through clear communication and transparent decision-making. In particular, this requires pro-active engagement between the three key partners: the local authority as destination managers, the private sector as the service providers and the North Wales Regional Tourism Partnership (TPNW), acting on behalf of Visit Wales. It also requires the involvement of a range of other parties with an interest in tourism, subject to local circumstances. There also needs to be a clear structure, terms of reference and lines of communication within the private and public sector partners/groups. There is no formally prescribed model for partnership working in destinations within or between the sectors. Different arrangements are being made in different areas and the local situation might require a tailored solution(s). It will be important to be flexible and adapt any model as experience dictates. The local authority’s role and structure in the context of the DMP The local authority comprises a large number of departments, most of which involve or have a bearing on the tourism sector. These are listed below with their tourism links bracketed and their statutory status identified: Non statutory: Economic development (regeneration, enterprise support, tourism and EU) Energy Island Project – (mitigating impact) Property (maritime...
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...Development and Reform Commission Ministry of Foreign Affairs Ministry of Education Ministry of Finance Ministry of Water Resources Ministry of Agriculture State Environmental Protection Administration State Forestry Administration Chinese Academy of Sciences China Meteorology Administration National Natural Science Foundation State Oceanic Administration China Association for Science and Technology June, 2007 Contents I. Current Status of Climate Change and Urgent Demands for S&T............................................... 1 1. Climate change is an increasingly prominent issue that brings about profound impacts on human societies ......................................................................................................................... 1 2. An appropriate response to climate change would be very much related to China’s economic and social development ............................................................................................ 1 3. Addressing climate change calls for urgent S&T activities .................................................. 1 II. China’s S&T Achievements in Climate Change ......................................................................... 2 1. Scientific research and technological development .............................................................. 2 2. Infrastructure buildup for Scientific Research ...................................................................... 3 3. Human Resources Development and Research...
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...40K Globe Report In January 2016, I was selected as part of a team to travel to Bangalore, India and work on a social impact project. These projects involved us living in the village of Maralakunte, just north and on the outskirts of Bangalore. The way these impact projects are designed is that each team is given a social aspect that their project revolves around. These aspects include education, employment, food, water, agriculture, energy etc. These projects that we are given also don’t just start and finish with our team. They are a continuous process that teams must handover to another team to continue. Because of this, a 5 stage impact process was designed. This details out the stages of a projects life and the role in the project in each of those stages. Depending on where the project is in its life determines what stage a team will begin their month from. The stages of the impact process are needs analysis, deep dive (solution sets), ideate, prototype and iterate, and finally roll out. Needs analysis involves the team running surveys in their village to determine the main issues in that village that need fixing. The project then moves onto deep dive where the team focuses on the issue that is most important and relevant and brainstorms possible solution sets for this issue. Ideate then involves building new and innovating business models using these solution sets. These models must be able to function as a viable business and also solve the identified need...
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...Textbooks (required): China Since 1949 By Linda Benson, Longman, 2nd edition, 2011 China: The Balance Sheet – What the World Needs to Know About the Emerging Superpower By Fred Burgsten and others, 2006 China Road By Rob Gifford, Random House, 2008 Video Programs: All assigned programs are available on “Video on Demand” provided in our library homepage. Most of them are ready for you to review. But since they are online programs, a few may be not available by the times you click the links. If so, just skip that one and watch the others. Please try both “by segment” or “by title” for your search. Course Description: China, the most populous country, is an excellent "laboratory" for the social scientific study of political, economic and social behavior. The Twentieth Century alone has seen many changes in China's fundamental institutions: from imperial courts to military regimes and single-party police states, from rural households to international stock-holding companies, and from foot-binding and slavery to mass movements and democracy protests. The latest development in the last decade has led to the calling of the twenty-first century as “the Chinese Century,” which suggests the possibility that the 21st century will be dominated by China, similarly to how "the American Century" refers to the 20th century and "the British Century" refers to the 19th century.[1] The phrase is used particularly in the assertion that the economy of China will overtake...
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...Paper by Ej Lister Director – STO & EPC Project Consulting IPEC Project Systems, Malaysia Knowing the Enemy Managing risk during day-to-day operations in the manufacturing industry is challenging enough without periodically having to shut down to ensure asset and process integrity. With complex processes generating high pressure, high temperature and high flow-rates, combined with hydrocarbons, chemicals and vapors, any loss of control can amount to significant, even catastrophic failures—often resulting in social and financial losses. Industry has come a long way in reducing and mitigating risk during day-to-day operations. When it comes to navigating complex projects like Shutdowns and Turnarounds, however, the ability to manage risk remains one of Management’s greatest challenges. Although the consequences remain the same— human, environment, social, financial, reputation and asset losses—the probability of an occurrence during the execution of a Shutdown or Turnaround is much greater. The very nature of executing complex and risky projects every few years, under pressure to keep costs low and outage durations short, increases the potential for something to go wrong. This paper explores the top five risks encountered in a Shutdown or Turnaround and their probability and consequence, along with suggestions to minimize their impact. Companies have a great deal to learn when it comes to managing risk during a Shutdown or Turnaround project. The investment is relatively small in...
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...IFAC Board Exposure Draft November 2012 Comments due: February 28, 2013 Professional Accountants in Business International Good Practice Guidance Project and Investment Appraisal for Sustainable Value Creation IFAC’s mission is to serve the public interest by: contributing to the development of high-quality standards and guidance; facilitating the adoption and implementation of high-quality standards and guidance; contributing to the development of strong professional accountancy organizations and accounting firms and to high-quality practices by professional accountants, and promoting the value of professional accountants worldwide; and speaking out on public interest issues. The PAIB Committee serves IFAC member bodies and professional accountants worldwide who work in commerce, industry, financial services, education, and the public and not-for-profit sectors. Its aim is to promote and contribute to the value of professional accountants in business. To achieve this objective, its activities focus on: increasing awareness of the important roles professional accountants play in creating, enabling, preserving, and reporting value for organizations and their stakeholders; and supporting member organizations in enhancing the competence of their members through development and sharing of good practices and ideas. Copyright © November 2012 by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please see page...
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...to treat wastewater. If you choose this major, you’ll study a wide range of subjects. Besides learning the basics of engineering, you’ll also take courses in the life and social sciences so you can understand environmental problems in all their complexity. Students in environmental engineering learn to design, develop, and evaluate structures, equipment, and systems that protect the environment from the effects of human activity and that improve public health and well-being. “[Engineering] allows you to think and be creative … We get to solve problems and [tackle] projects that seem impossible at first, but when they are completed, it's so cool. ” Cindy, junior, civil and environmental engineering, UC Berkeley It Helps to Be...Passionate about the environment. You should enjoy science and math, like solving problems, and have an eye for detail. Someone who is comfortable working as part of a team and who has good speaking and writing skills should do well in this field. To round off your studies, you will mostly likely take a senior design course. In this class, you'll learn all about executing a design project, from writing a technical proposal and estimating costs to creating a work schedule and dealing with legal issues. You'll then use what you've learned to complete an original design project in an area of interest, such as water treatment or solid-waste management. You'll probably work on the...
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